Central Banking
UK to consider curbs on funds’ daily liquidity
Mark Carney says BoE officials are “disappointed” by limited global progress on issue
Mobile lending poses threat to financial stability – Kenyan governor
Njoroge says unregulated digital lenders could ‘bring down entire financial sector’
South African president reappoints Sarb governor
Ramaphosa gives second term to Kganyago, who has defended central bank’s independence
UK households may be too wary on inflation – BoE’s Tenreyro
External MPC member says low financial literacy may affect inflation perceptions
Bank of Canada holds rates despite stronger inflation
Central bank predicts higher growth in coming years but warns of possible trade conflict with US
Powell says Fed will keep US “in a good place”
Some FOMC members considering rate cut to cushion possible future shocks, minutes show
US regulators loosen Volcker Rule for small banks
Regulators resist political pressure to reduce regulation on larger banks’ investments
Local policy impact can be dispersed in currency unions – Bank of Spain research
Study analyses effect of large post-crisis fiscal stimulus implemented in Spain
West Africa announces ambitious new ‘eco’ currency plans
Single currency seems unlikely to be introduced by next year, despite updated launch plans
Mexican peso falls on finance minister resignation
Crisis complicates inflation outlook and fuels fear of political interference in independent institutions
Zimbabwe relying on central bank to keep lights on
$14 million needed to keep power flowing, and debts are piling up, says energy CEO
Three EU central banks hail success of Belarus project
Capacity-building project was first such EU mission in country noted for strong Russian links
Bulgaria a case study in effective prudential policy – BIS’s Carstens
Country was early adopter of macro-prudential policy, which helped manage capital flows, Carstens says
Fed weighs reforms to stress tests
Powell says tests must evolve; Quarles and Fed watchers present potential improvements
PBoC gets go-ahead from China’s cabinet to develop CBDC
China’s central bank is developing its own CBDC, as officials voice concerns over Facebook’s Libra
Purists lament as most cheer Lagarde as next ECB chief
Lagarde expected to adopt similar philosophy to Draghi at ECB, making the central bank the ‘only game in town’ – at least for a while
Bank of Spain paper examines post-crisis US bond markets
Volatility is less persistent but more frequent than before global financial crisis, researchers find
BdF paper models tax evasion’s impact on sovereign default
Widespread tax evasion can undermine austerity plans imposed by donors, argue researchers
PBoC sounds alarm over Facebook’s Libra
Central banks must keep control of Facebook currency, senior officials say
IMF to propose amendments to Pakistan central bank law
Changes will support efforts to reverse government debt trajectory, the fund says
‘Stop talking about rules’ – Basel’s Coen
The Basel Committee’s top staffer is moving on – and he wants finance to do the same
Bangladesh central bank to wind down allegedly “corrupt” finance firm
Central bank report claims management stole large sums from depositors
Malaysian central bank holds rates
Policy stance remains accommodative as central bank forecasts rising inflation
The twilight of banking supervision
Supervision of banks in Europe has deteriorated, rather than improved, since the advent of the eurozone crisis