Data
Zero rates and QE made bank depositors flightier – research
Asset purchases did not play out as theory envisioned, NBER paper finds
Instant payments could aid business efficiency – study
Kansas City Fed economists say several challenges must be overcome before benefits can be realised
PBoC to tighten FX rules amid yuan gains
RRR for FX deposits to rise by 2 percentage points to ‘strengthen foreign exchange liquidity management’
China sets overnight rate as benchmark in de facto easing
Analysts see greater transparency but expect lower rate to have limited impact on lending
Ex-Richmond Fed official calls for greater FOMC transparency
Fed should publish Tealbook and meeting transcripts sooner to increase accountability, says Hetzel
Rethinking capital-flow resilience in an age of recurring shocks
Amro’s Yasuto Watanabe and Takuya Yoshioka argue that policy-makers need a range of credible monitoring and policy tools to address the next waves of major shocks
ECB holds rates as it waits for ‘additional information’
Lagarde says her need to speak out on wider issues was key reason for her announced departure
Pacific series: Solomon Islands governor on reform amid political uncertainty
Luke Forau speaks about how Article IVs could be improved in the Pacific while addressing financial inclusion, CBDCs, conflict economics and more
Fed holds rates as Warsh cuts number of meetings
Cook and Hammack push for 25bp hike as chair announces strategy-focused meetings with no policy decisions
The risks and returns of ever-expanding swap and repo lines
Increase in central bank swap agreements and repo facilities should help to counter future liquidity squeezes. But the proliferation is fraught with political risk
Banknote environmental impact awareness grows
Share of currency departments with a climate strategy increases to 50%
Arcontech enhances central banks’ market‑sensitive data publishing with end-to-end encryption
Monetary policy decisions and auction results are safeguarded against cyber security threats.
Recent banknote series show increased use of clear windows
Data reveals changing patterns in application of security features
Central banks remove over 40,000 fake notes on average
Most counterfeited banknotes detected in series issued from 2015–2020
Sarb’s fast payment platform ‘far from ubiquitous’ – governor
Pricing and lack of public awareness among factors limiting adoption of PayShap
Rethinking the narrative on cash
Antti Heinonen explores recent developments of cash that go against the prevailing narrative
Former Richmond Fed chief to oppose discount window reform
Counting unused capacity towards prudential requirements would be ‘unwise’, Lacker will argue
Google Cloud outage causes disruption across UK banks
Barclays, Bank of Scotland, HSBC, Lloyds and Revolut customers among those reporting problems
Peer comparison launches
Watch the demo of Central Banking’s new peer comparison tool, part of the Benchmarking Service
Volume of damaged notes withdrawn from circulation increases
Frequency of official fitness tests tends to have bearing on removals
Lagarde sees slower pass-through after bond sell-off
Higher yields will limit knock-on effects from energy shock, ECB president tells IMF meeting