Central Banking
Norges Bank to administer Nowa benchmark rate from 2020
The rate is calculated based on data provided by 11 banks
Climate disclosures still ‘insufficient’ – task force
There has been progress on climate disclosures but much more is needed, report says
PBoC ramps up liquidity support for commercial banks
Injection is the second largest loan of its kind on record
Senators urge Fed to investigate Trump and Deutsche Bank allegations
Whistleblowers allege financial wrongdoing by senior bank staff and transactions involving Trump
National Bank of Ukraine continues to focus on CBDC
‘E-hryvnia’ pilot project was completed in February
BoE’s Ramsden calls time on Libor use
Deputy governor says progress on transition to Sonia benchmark needs to accelerate
Draghi strikes downbeat note as ECB extends policy rate hold
ECB president expresses concern over eurozone manufacturing and global tensions
Limited access to finance increased business exits in Great Recession – St Louis Fed
Illiquidity may have played a greater role than insolvency in business exits, researchers find
RBA flags regional risks from green energy transition
Fossil fuel exporters likely to face negative impact without benefiting from new sources of energy
Three Asian central banks rebuff US claims of currency manipulation
Singapore, Malaysia and Vietnam respond to being placed on US Treasury watch list
Kenyan president reappoints Njoroge as governor
Governor has been a fierce defender of Central Bank of Kenya’s independence
Costa Rica lowers reserve requirements on domestic currency
Move follows IMF recommendation to boost domestic currency use in highly dollarised economy
Carney warns of ‘global liquidity trap’
BoE governor says model of “capital flows at risk” highlights important vulnerabilities, but reserves may still be too big
RBI cuts rates again amid growth and non-bank concerns
Fresh trouble in the non-bank sector raises concerns over broader financial system
Kenya’s rate controls caused ‘collapse’ in credit – IMF paper
Caps undermined central bank’s control over signalling policy stance, researchers find
New Zealand opens formal inquiry into next Irish governor
Irish finance ministry makes no comment as former deputy says Donnery should have been appointed
South African politicians tussle over central bank mandate
African National Congress officials attempt to influence new government
Colombian central bank suspends reserves accumulation
Board wants to assess the impact higher reserves may have on the peso’s exchange rate
Dominican Republic announces easing measure
It is necessary to react to “unstable” global economy, governor Héctor Valdez Albizu says
Open letter calls for next BoE governor to ‘serve the whole of society’
94 signatories urge BoE to “evolve” to tackle major problems
Fed stands ready to act, says Powell
Federal Reserve will “act as appropriate” to sustain growth amid uncertainty from trade negotiations, says chairman
BIS research documents high concentration of cross-border credit
Big banks dominate global credit, which matters for global spillovers, authors say
Ghana closes 72% of its microfinance firms
The Bank of Ghana revokes licences of 347 firms
Narrow bank TNB hits back at Fed regulatory proposal
Fed overreaching by attempting to rewrite its chartering authority, TNB says; investment firm DE Shaw also reveals intentions to launch a narrow bank