Data
BoE paper warns of ‘non-standard errors’
Researchers may introduce additional errors to data samples through their analysis
Bank Indonesia launches fast payments system
Central bank is conducting an overhaul of all its main payments systems
Fed’s Waller says federal funds rate should rise soon after QE ends
Fed governor hints at tighter policy and offers lessons from the pandemic
Central bank social media trends in the ‘Instagram age’
Uptake of visual social media platforms rises, as Facebook usage plateaus
Economics Benchmarks 2021 report – making sense of the modern economy
Covid-19 coloured central banks’ views on the governance of their economics function in the past year, from research topics to forecasting, data, publications and more
Larger research teams tend to publish more
Central banks with bigger teams report greater publishing volumes, but variation remains
Advanced economies draw on wider range of models
DSGE models and newer techniques more common at advanced economy central banks
Quarterly forecast updates predominate
Frequency of forecasts varies more widely in emerging markets
Data services centralised at minority of central banks
Central data governance and technology services used by three in 10 central banks
Pandemic spurred use of alternative data
Advanced and emerging market economies prioritise different applications
Currency Benchmarks 2021 report – executive summary
Perspectives on staffing, circulation, forecasting, note security and composition, outsourcing and more
Covid-19 causes bigger growth forecast errors
But central banks perform better at forecasting inflation
How Turkey’s president created chaos in economic policy-making
Observers allege presidential domination of the central bank, unauthorised FX transactions and untrustworthy statistics
Podcast: central banks’ data models going granular
Vizor Software’s chief technology officer, Ryan Flood, provides an update on changes to central banks’ regulatory data models
Nearly 40% of central banks have financial sector in main forecast model
Semi-structural models remain favoured option for producing key forecasts
Podcast: Central banks and cloud adoption
The Covid-19 pandemic has forced central banks to think differently about cloud-hosted services
Podcast: Bank of Lithuania on becoming a ‘data-centric’ organisation
Officials from the Bank of Lithuania provide an update on their Data Management Maturity Program, Damama
BIS statistics: OTC derivatives market value back to 2019 levels
Gross market values have fallen about a fifth since second half of 2020
BIS and HKMA conclude green DLT project
HKMA says it is considering pilot issuance of tokenised green government bonds
Podcast: Dominik Weh on why central banks need to embrace technology
Central banks need to keep abreast of the current technology or risk being left behind
Carney says over $130 trillion of capital now pledged to net zero
But rich countries admit they have fallen short of net zero financing goals
Data protection ‘high on the agenda’, says PBoC governor
The central bank has forced major fintech firms to hand over their customer data
Monetary Policy Benchmarks 2021 – presentation
Central Banking’s monetary policy subject specialist Daniel Hinge speaks with Christopher Jeffery about the governance of the policy function, forecast processes, transparency and more
‘Say what?’ Trust in central bank communications
Central banks are changing how they communicate with different audiences, but judging the success of these communication efforts is difficult