Central Banking
RBI looks to build domestic trust and global clout with new strategy
Central bank seeks return to stability after problems in non-bank sector and political pressure
Climate change will hit US growth hard – Dallas Fed study
US growth could fare worse than China’s with projected temperature rises, researchers find
Paraguay central bank cuts rates on weak growth and inflation
Trade tensions and looser policies in advanced economies open opportunity to stimulate economy
Quant Lipton pans Facebook’s Libra
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin
IMF calls on Brazilian legislators to pass central bank independence law
Staff welcomes new law blocking central bank transfers to the Treasury from reserves revaluations
Canadian collateral can withstand crisis-level systemic risk – BoC paper
Trading by bank customers could be a potential indicator of future crisis, researcher says
Policy uncertainty can magnify cost shocks – BoI paper
Lack of clarity over inflation targets increases effects of cost-push shocks on output, researchers say
Central Bank of Nigeria holds rates and pushes for lending boost
CBN governor also announces new protectionist policy
UK banks call for different regulatory approach
Frequent regulatory changes for online banking create burden for large banks, Starling Bank CEO says
Surge in cross-border credit led by non-banks
Cross-border claims rise at fastest rate since the global crisis, BIS figures show
IMF calls for more progress on Serbian currency
Central bank managed recent currency instability well, IMF staff say
Sonia users face three-way choice in term rate
Trio of rival forward-looking versions of sterling Libor successor set to be available
Fed’s floor could be ‘junked’ if credit surges – Goodhart
Credit demand and plentiful liquidity could be potent inflationary mix, Charles Goodhart says
Politicians and courts put pressure on Ukrainian central bank
National Bank of Ukraine alleges “coercion” by courts as former owner of failed lender returns
Bundesbank takes light-touch approach to Libra
Governments should be “neutral” on some digital currencies, says German central bank
PBoC unveils 11 measures to open up China’s financial sector
Analyst says actions most detailed so far in loosening foreign ownership restrictions
Bank of Israel willing to hike rates in 2019 – minutes
Monetary committee left rates unchanged at 0.25% on July 8 due to global economic uncertainty
BoE faces bleak outlook as new prime minister appointed
Think-tank says UK may already be in recession, as threat of “no-deal” Brexit looms
Bank of Spain launches data lab for research
Economists now have access to micro-data on the country’s non-financial firms
Hyperinflation threatens to return to Zimbabwe
Official inflation almost doubles as economic threats remain
EU risks creating unlevel playing field in fintech – EBA report
European fintech companies are increasingly coming under EU regulation, report says
Central bank ‘put’ can harm market function – Kuroda
BoJ chief says easing measures are working, but central banks must be wary of side-effects
ECB warns Slovene government over draft law on loans
New measure could expose central bank to political risk and harm commercial lenders, ECB says
St Louis Fed’s Bullard warns about rise of multicurrency systems
Crypto assets may hamper monetary policy transmission and increase exchange rate volatility