Europe
FCA official confirms end of ‘temporary permissions regime’
European firms must have UK regulatory approval by December 30
ECB holds rates as it lowers inflation expectations
Central bank intends to stop reinvesting maturing assets under PEPP in second half of 2024
ECB’s Schnabel does not rule out rate cut before mid-2024
Executive board member deems more rate hikes “rather unlikely”
Administrative data tops list as alternative data source
Research and forecasting remain key areas of application for central bank economists
Central banks of Korea and Italy boost co-operation on payment systems
Bank of Korea and Bank of Italy to exchange knowledge on RTGS and CBDC
Economists’ rate of access to centralised data services still below par
Central banks in high-income jurisdictions still have more access
ECB selects possible topics for new banknotes
“European culture” and “rivers and birds” enter final selection phase
Most heads of research are responsible for sign-off on research
Peer-reviewed papers remain most-used metric for measuring research success
Lower eurozone inflation fuels rate cut speculation
Some analysts expect start of easing cycle earlier in 2024
Central banks average 11 working papers over the past year
Just over a quarter of central banks run research blogs
German inflation falls to 2.3% in November
Falling energy prices lower inflation in the eurozone’s main economy
Central banks prioritise inflation dynamics research
Middle income institutions tend to have much widest research interests
Time series model is top tool for forecasting and research
Use of machine learning models for research purposes surges year on year
Cyprus central bank defends supervision after sanctions-busting claims
Prime minister pledges report after media investigation says Russians used local firms to dodge sanctions
Economic growth and inflation are most-forecast variables
Private debt, commodity prices and market interest rates rank as laggards
ECB willing to hike rates further, say minutes
Governing council stresses it needs to be persistent and vigilant to bring inflation to 2% target
Most new economic staff hired as fresh graduates
Recruits from private sector, academia make up smaller portion of new hires
Proportion of central bank economists with PhD rises
Central banks split on funding economic staff with PhD aspirations
Eurozone banks show “early signs of stress”, ECB warns
High interest rate will test eurozone’s resilience while some non-banks are at risk, review says
Median salary of central bank economists rises as inflation bites
Income remains less aligned with GDP per capita of participating countries
Supervisors see promise in AI but warn data remains key
IMF’s “StatGPT” project has promise but data problems are hard to solve, Regnology panellists say
Economics department staff total just over 70 on average
Average number of research economists remains smaller than policy economists
Lagarde calls for stronger EU securities and markets authority
ECB president stresses completing capital markets union is essential to deal with deglobalization, ageing and climate change
European Commission lowers 2023 GDP growth forecast
EC expects eurozone economy to expand by 0.6% this year