Credit conditions
China set to ease borrowing limits for ‘high-quality’ developers
New measure is part of a 21-point plan to support the reeling property sector
Paper explores development and monetary policy transmission
Financial development only improves transmission to some rates, Colombian researchers find
Some CCPs struggle in BoE stress test
First central counterparty stress test finds firms come close to depleting their buffers in baseline scenario
PBoC injects $15 billion into policy banks
This is the first time the PBoC has used the lending tool in more than two years
Philippine central bank raises capital requirements for rural banks
Rural banks’ association says the measure could hurt banks in low-income areas
Chinese authorities announce $44 billion stimulus package
Authorities increase funds to power companies and farmers as country suffers from multiple crises
PBoC urges big state banks to increase lending
Yi Gang summons bankers as PBoC says economy faces “critical moment’
Zimbabwe officials considering currency board
MPC member says arrangement would require $700 million in reserves
PBoC aims to raise $150 billion for property bailouts, reports say
Chinese central bank wants state-owned lenders to leverage cheap loans to fund developers
Nepal hikes rates and constricts credit
Himalayan country confronts rising inflation and strained reserves
Papua New Guinea raises rates for first time since 2011
Rising inflation prompts first move in more than two years
Nagel lays out conditions for ECB anti-fragmentation instrument
Bundesbank president says it should be temporary and only used in “exceptional circumstances”
Gender equality is key to sustainable development
Bank of Zambia deputy governor Rekha Mhango sets out the central bank’s strategy on financial inclusion
RBNZ’s Orr says ‘Te Ao Māori strategy’ is boosting inclusion
Governor says RBNZ was “late” in tackling issues faced by Māori, but is now making progress
US inflation expectations inch higher
New York Fed survey finds rise in expectations at one-year horizon, but not at longer term
Peru halves IMF credit line
Authorities say plan to phase out flexible credit line is mark of “very strong fundamentals”
ECB paper makes case for mixed ownership of banks
Foreign state-owned banks tend to play stabilising role during domestic banking crises, authors find
QR code payments pave way for borrowing – BIS paper
Chinese merchants that offer QR code payments can more easily access credit from big tech firms
ECB supervision and the state of the eurozone’s banks
ECB banking supervision has passed the first stage of the Covid-19 test. But many challenges remain, including banks’ internal governance and data processing, excessive leveraged lending in some segments, and a lack of progress towards a more competitive…
State Bank of Pakistan launches simplified digital account
Central bank governor says Asaan Digital Account should boost women’s participation in finance
BoE consults on removing macro-prudential rule
Affordability test has drawbacks and may no longer be needed, given other tools, says FPC
Fed officials debate risks of a ‘hot economy’
Academics and policy-makers weigh up whether economy is now overheating
Nigerian governor says credit programme has boosted agriculture
Emefiele repeats warning on over-reliance on oil and says central bank has lent $2 billion to farmers
People’s Bank of China continues rate cuts
Cuts follow weaker growth figures as deputy governor promises stable credit growth