Credit conditions
QE crowds out bank loans – NBER paper
Asset purchases generate “counterproductive” cut in lending to firms, authors find
Helder Lopes becomes Timor-Leste central bank governor
Country faces bank lending challenges due to limited land registry
PBoC pledges more financial support for private firms
Governor Pan Gongsheng says authorities need to unblock funding channels for private firms
UK debt risks likely to stay below historical peaks – BoE analysis
But firms are increasingly vulnerable to rising interest rates, economists find
Kenya revives interest rate corridor
Controversial 2016 law capping rates undermined earlier attempt at corridor
China’s new lending slumps to lowest since 2009
Analysts believe PBoC has limited room to cut interest rates amid current yuan weakness
ECB paper models ‘state-dependent’ impact of capital ratios
Model simulates ratio changes’ effects on credit supply in different macro-financial conditions
Guillermo Avellán on BCE independence, capacity-building and dollarisation
Central Bank of Ecuador general manager speaks about the need to bolster the central bank’s legal autonomy, dollarisation challenges, payments developments and monetising local gold production
Researchers examine Covid-19’s impact on eurozone lending
Pandemic changed banks’ lending but did not lead to widespread cut in collateral values, paper finds
ECB expresses concern over draft Belgian laws
Minimum saving account rates could harm financial stability and policy transmission
Advanced economies most likely to survey trust and understanding
Data shows differences in how central banks judge the effectiveness of monetary policy
Data privacy laws can boost fintech lending – BIS paper
Study finds Californian law led to more data being shared with fintech firms
Dominican Republic cuts key rate by 50bp
Central bank expects headline inflation will have returned to target in May
Central Bank of Chile sets first counter-cyclical buffer
BCC also warns government could face financing problems
Defaults, reduced growth and less lending ahead, Fed says
Recent bank failures were caused by poor risk management, report finds
UK credit stress is rising, BoE official warns
David Bailey says financial firms “need to take action now” to prepare for higher defaults
Fed’s Cook says monetary policy is now restrictive
PCE and core PCE inflation both fall as Cook argues tight banking conditions could ease path
A troubling trilemma
Central banks need to tread a fine line as they serve as the economy’s police, fire brigade and paramedics
UK banks insulated from wider troubles, BoE says
Financial policy committee “closely monitoring” events but says capital and liquidity are sufficient
Fed’s Bullard revises rate projection upward
Policy-maker says bank stress likely to fade but inflation fight continues
BoE tightens policy after inflation surprise
Hot February inflation figure prompted policy-makers to continue tightening
Fed raises rates 25bp and signals possible halt soon
Credit tightening may substitute for further rate hikes, Powell says
Georgieva backs flexible credit line for Morocco
IMF executive board to consider request for $5 billion facility
Israel political crisis sparks fears for economy
Bank of Israel governor reportedly convened financial stability committee last week