Central Banking
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
Irish central bank voices concern over firms’ senior executives
Sharp rise in number of candidates rejected for senior roles on “fitness and probity” grounds
Bank of England awards contracts for new banknotes
Award made for joint provision of substrate for £50 note as BoE opts for same polymer in all notes
ECB again criticises Slovene attempt to change central bank law
Politicians’ latest attempt to compensate bailed-in shareholders would break EU law, ECB says
Bullard says Fed may need to cut rates ‘soon’
Market-implied probability of a cut in September now above 80%
Riksbank opens procurement for e-krona development
Central bank intends to commission platform for electronic central bank payments in 2020
Australia cuts rates to record low
Weak inflation and declining property market push RBA to cut rates
Carstens warns fading regulatory momentum strengthens ‘vested interests’
BIS chief says complacency could set in as regulators move from implementation to evaluation
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme