Central Banking
Canada not looking to change exchange regime in 2021 review – Schembri
Deputy governor highlights benefits to economy since adopting regime
Facebook unveils new ‘currency’
Social media group says it plans to “reinvent money” with payment system backed by liquid reserves
Draghi becomes latest target of Trump’s ire
Dovish comments at ECB conference draw accusation of manipulation from US president
BoE finds weaknesses in small bank risk controls
Senior regulator says challenger banks are “overly optimistic” in risk modelling
RBA signals new rate cut ‘more likely than not’
Labour market will be key factor in any future easing of monetary policy
El Salvador appoints new central bank chief
Seasoned civil servant Carlos Federico Paredes appointed by new political outsider president
PBoC extends liquidity to smaller firms after Baoshang takeover
Chinese securities watchdog also urges big brokerages to provide liquidity support to smaller securities firms and funds
Afghan governor resigns, citing health reasons
Central bank faces major challenges in war-torn country, but IMF recently praised progress
Riksbank investigates adoption of T2S for securities trading
Central bank thinks securities settlement must move towards faster, round-the-clock operations
Bolsonaro intrudes into Brazil’s economic institutions
President forces head of Brazilian Development Bank to resign; central bank denies existence of monetary union plans
IMF formalises strategy on ‘social spending’
Lagarde says tackling inequality, exclusion and other social problems is key to rebuilding trust
Venezuela introduces new banknotes as hyperinflation continues
New notes come less than a year after five zeroes were dropped from currency
Latvian state changes top regulators over AML
Law had to be passed to meet international concern over money-laundering, prime minister says
NY Fed researchers develop new natural rate of unemployment measure
Estimate is 50–60 basis points lower than other mainstream estimates
CBRT cuts rates for primary dealers
New liquidity facility designed to contribute towards financial market deepening, central bank says
Review calls on IMF to deepen monetary expertise
Independent report says IMF broadly made the right calls on risks around unconventional policy, but shortage of expertise leaves fund behind the curve
RBNZ to promote internal use of Māori language
Agreement is part of wider efforts in New Zealand to revitalise language
Carney says lack of gender diversity is ‘enormous missed opportunity’
Governor shares advice from BoE’s efforts to encourage greater diversity
High-frequency trading can harm market liquidity – ECB paper
Researcher finds increased competition can lead to rise in speculative strategies
UK and Singapore to collaborate on cyber security
BoE, FCA and MAS say they will investigate ways to share information and potentially staff
BCRA president admits inflation still too high
Outlook requires continued ultra-tight monetary policy, says central bank president
Next Bank of Jamaica governor chosen
Businessman and financier Richard Byles to take over on August 19
Putting modern monetary theory to the test
Sayuri Shirai asks whether MMT might hold the solution to Japan’s stagnation
EU must improve capital markets to boost euro as global reserve – ECB
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy – Cœuré