Central Banking
New Zealand’s ageing population may drive down rates – study
RBNZ research says “grey wave” may make it harder to stimulate economy with cuts
A few more women enter the ‘old boys’ club’
Top female central bankers discuss power dynamics in a transformative era
BoE delays implementing new market risk framework until 2028
Finalising it could be “tenuous dream”, says expert
Floating-rate credit blunts policy transmission – research
Inflation would have reached target sooner if more firms had borrowed at fixed rates, study finds
Yield curve affects banks’ ability to lend – Boston Fed study
Central banks should consider effects when calibrating balance sheet policies, say authors
Falling immigration weighing on US GDP – Dallas Fed study
Growth in 2025 likely to be around one percentage point lower than was forecast in 2024, say authors
Taiwan asks foreign traders to improve FX compliance
Central bank says it is considering new regulations amid currency speculation concerns
Hong Kong’s FX interventions came at right time, say economists
Experts believe the resulting fall in interest rates has provided welcome stimulus
The battle for the future of central banks
Inflation-targeting institutions must not simply defend against overt interference, they must also resist a sly erosion of their authority, writes Biagio Bossone
CBI’s approval of Israel bond prospectus was illegal – Irish lawmaker
Gary Gannon claims bank’s actions misled investors about risks and were in breach of country's Genocide Act
Czech National Bank adds crypto exchange stocks to portfolio
Purchase of Coinbase shares takes bank’s equity holdings to $12.8 billion, SEC filing reveals
Botswana increases pula crawl rate to defend reserves
Central bank will also charge lenders higher margins to access FX
US monetary policy has greater impact, BoK modelling shows
Researchers say findings show importance of diversifying export markets and monitoring US conditions
Former OCC chief on the sting of peeling the Basel III ‘onion’
Michael Hsu warns successors not to cut bank capital or neglect rate risks that destroyed SVB
Tobias Adrian on the integrated policy framework amid tariff shocks
The IMF’s financial counsellor speaks about policy reaction functions to supply and demand shocks, scenario-based analyses, Treasury market dynamics and emerging market resilience
Digital euro may benefit banks in ways stablecoins can’t – Cipollone
ECB board member says CBDC, like the euro, offers chance to “unite Europe”
Splits on FOMC are no bad thing, say experts
Former policy-makers say economic uncertainty means dissent over US rates path is inevitable
Interest-bearing CBDCs could be better for depositors – study
CEPR study says there is “optimal” rate at which currencies would improve people’s welfare
RBA’s deputy governor outlines institution’s research ambitions
Hauser wants bank to become hub for tackling issues such as macro shocks and climate crisis
Sovereign bond yields affected by weather disasters – BIS paper
Countries with higher per capita carbon emissions also face greater borrowing costs
Central banks need common accounting standard – Honohan
Former Irish central bank governor calls for policy-makers to report portfolios at fair value
AI demands ‘deep organisational changes’ at central banks – paper
NBER study finds around half of Fed roles could be impacted significantly by adoption of technology
Montenegro to limit Sepa charges and extend RTGS times
Central bank says caps on fees will save its citizens €13.9 million a year
RBA announces private partners for wholesale tokenisation project
Central bank to issue CBDC on third-party platforms and work with Australian dollar stablecoin issuers