Central Banking
PBoC continues with communications overhaul
Central bank aims to publish Chinese and English communications simultaneously in the future
Bangladesh Bank eyes national savings imbalances
Growth is high and inflation “contained”, but high-yield products are draining deposits from banks
Fed to open dialogue on stress tests
Conference will discuss the “transparency and effectiveness” of the stress tests
UAE central bank and Sama partner for blockchain project
New system will provide central financial transfer system that aims to make the process of remittance payments more efficient
Romanian government escalates attacks on central bank
Social Democratic party and finance ministry says bank is failing obligation to protect currency
Central Banking Awards: third round goes live
Prizes unveiled for economics, website, risk management, professional services, data and more
RBNZ demands action from insurers accused of conduct failings
Central bank finds “extensive weaknesses” in conduct and governance at life insurers
Spanish governor demands BBVA conduct thorough probe of spy allegations
The bank allegedly hired an ex-police chief in 2004 to spy on government officials and businessmen
BoE opens doors for debate on the future of central banking
Event breaks new ground in central bank engagement with the public; participants offer both positive and negative feedback
Rwanda’s Rwangombwa handed second term
Governor previously oversaw improvement in country’s growth prospects and progress towards single eastern currency union
Sri Lankan lawyers allege wrongdoing by senior central bank officials
Court says senior deputy governor must appear before it on February 25
BoJ minutes show disagreement over outlook
Not all members agree on how low 10-year yields should be
Ageing population is deflationary – HKMA paper
Deflationary pressures “should not be ignored”, economist says
Bank of England kept gold reserves from Venezuelan government, reports say
BoE declines to comment on reports as US government ramps up pressure on Maduro regime
Zimbabwe’s government hunts for dollar alternative
Continuing with dollarised economy could mean return to hyperinflation, economist says
People: Mexico appoints two new deputy governors
Federal Reserve appoints new research director and IADB makes Chilean official chief economist
QE reduces inequality over medium term – Bank of Canada paper
Eurozone inequality rose after QE introduced but then fell, researchers find
Central bank comms affect long-run uncertainty – BoE paper
BoE’s inflation report has effects on long-run bond yields, paper finds
PBoC denies that new liquidity tool is a ‘form of QE’
Central bank bills swap is essentially quantitative easing, says one analyst
European Commission takes legal action against Slovenia over central bank raid
Slovenia’s seizure of ECB documents and failure to co-operate broke European law, EC says
Norges Bank leaves rates unchanged
Central bank says it is still likely to hike rates in March 2019
‘Unsustainable’ debt needs more thought – BoE’s Broadbent
Sustainable debt levels can differ between economies, and may not be observable – deputy governor
Iceland’s central bank removes nude paintings from walls
Employees complained about talking in front of paintings of naked women, reports say
RBNZ suggests eliminating minimum Tier 2 holding
New Zealand’s central bank proposes dramatically increasing Tier 1 to reduce resolution risk