Central Banking
Ethiopia needs to rebalance after investment boom – IMF Africa chief
Country has achieved impressive development but vulnerabilities have grown, says Abebe Aemro Selassie
Unexpected market news weakens fund liquidity – paper
Findings important for understanding systemic risk of firms during times of stress, researchers say
BoE paper questions technological explanations for falling ‘labour share’
Measurement problems may account for less income seeming to flow to workers, authors say
Bankers join Liberian central bank board after Senate U-turn
Lawmakers reverse decision and accept candidates in secret session as concerns mount
Chile’s central bank holds rate, but signals future cut
Rate-setters point to below-target inflation as main reason for future easing measures
Ghana sees route to ‘cash-lite’ economy through mobile money
Central bank deputy governor promises development to further encourage fintech
New York Fed forced to clarify Williams’ speech
Spokeswoman steps in after Williams appears to hint at more aggressive policy cut
Philippines poised to cut rates as inflation cools
Governor Diokno hints at more easing if inflation is under control
Cash usage keeps falling in Netherlands
In 2018, 37% of purchases were paid for in cash, down from 41% in 2017
BoE paper models stress in non-bank sector
Authors highlight importance of “tipping points”, which can lead to amplification of stress
UK financial regulators begin work on ‘air traffic control’
BoE, FCA and others to co-ordinate more closely on regulation
British lawmakers ask BoE for latest Brexit analysis
Publication of previous analysis led to angry criticism by UK politicians
South African central bank cuts rates after first-quarter growth plunge
South Africa saw 3.2% GDP contraction in first quarter after major power shortages
Swift says Singapore trial cut cross-border payment times
Network argues existing payments systems can be used for cross-border transfers
Reforms have cut Latin American unemployment – IMF paper
But informal employment and inequality remain high, researcher says
Bank of Korea cuts rates for first time in three years
Central bank warns of trade tensions as official figures show economy contracted in first quarter
ESM shakes up management structure
EU agency adds board member and new divisions to prepare for expanded role
Indonesian central bank makes first rate cut in two years
Bank Indonesia lowers seven-day repo rate as governor hints at further cuts
BIS paper proposes network model of global contagion
Authors create a network of CDS linkages to assess contagion risk in the financial system
US lawmakers slam Facebook’s ‘delusional’ Libra plan
Libra executive grilled at US hearing over Facebook’s history of scandals
Pakistan sharply increases rates on higher inflation
Central bank increases the policy rate by 100 basis points to 13.25%
UAE central bank hails new financial stability remit
Financial stability report notes NPL levels have risen, but banks are also making larger provisions
BoI paper presents new method for eurozone inflation forecasts
Model works well to predict inflation using data from bloc’s four largest economies, authors say
Venezuelan opposition nominates ad hoc central bank board
Legislature aims to prevent Maduro’s regime from accessing gold and foreign currency reserves