Debt
Bank of Mexico stresses risks stemming from state-owned oil company
Pemex provides 20% of Mexico’s fiscal revenues, but is grappling with high debt and falling output
US corporate debt could amplify economic downturn, Kaplan says
Dallas Fed president warns about “historically high” corporate debt levels in economic letter
Zimbabwe borrows $985 million from pan-African lenders
International reserves cover only four weeks of imports amid limited access to hard currency
China calls a halt to deleveraging
Banking watchdog says deleveraging campaign has achieved its goals
Chinese lending hits all-time high in January
Total social financing reached roughly 240% of China’s GDP at end of month
Improved political environment lends support to Lebanese pound
As new government is formed, investors become more willing to sell dollars and buy pound
Non-banks continue rise as banks lose market share
Non-bank financial firms hit a record high, at nearly half of global financial assets, FSB finds; leveraged lending increasingly an area of focus
‘Unsustainable’ debt needs more thought – BoE’s Broadbent
Sustainable debt levels can differ between economies, and may not be observable – deputy governor
Growth keeping global debt-to-GDP just below all-time high – IIF
Latest monitoring report puts debt at three times global GDP, with some countries especially vulnerable
Former IMF chief blames Bank of Spain in Bankia case
Board followed central bank instructions in merger and failed IPO, says Rodrigo Rato
Central Bank of Kuwait overhauls core banking system
System provided by Tata automates key central bank operations
Blanchard calls for rethink on costs of debt
Fiscal cost of public debt may be zero, macroeconomist argues, but that does not make debt costless
Report reveals damage caused by Bank of Mongolia’s ‘quasi-fiscal’ policies
Discontinued policies may have undermined key parts of the central bank’s mandate, created inflation and generated huge losses, report finds
Number of risky housing loans issued in 2018 drops, says Danish central bank
Limits on loan-to-value and debt-to-income ratios have seen reduction on risky loans
China remains “committed” to globalisation, says Zhou Xiaochuan
Debt sustainability to be discussed at second Belt and Road Initiative summit next year; WTO deal still needed
More trouble likely after ‘bumps’ in past quarter, says BIS’s Borio
Corporate debt markets are looking overstretched and could trigger problems; term spread may not be best indicator of recession, special feature finds
Mozambique resumes cutting cycle on lower inflation
Prices continue to fall within single digits, but concerns around public debt leave central bank on high alert
Angola improves data transparency with new hub
Statistics deemed “critical” by the International Monetary Fund will be published in one place
Turkish inflation falls for first time since March
Currency has begun recovery after reaching record lows against dollar in August
UK banks’ holdings of leveraged loans ‘very small’, BoE says
Global leveraged loan market growing rapidly but lending standards falling, says Bank of England
New Zealand central bank lowers loan-to-value ratios
RBNZ governor says housing risks are falling, but says banks may need higher capital ratios
Bahamas central bank should reduce government debt holdings – governor
Governor says capital controls could be eased but measures needed to improve confidence
IMF weighing state-contingent debt for Caribbean, says Lagarde
IMF managing director says fund is re-evaluating lending parameters for Caribbean region
Ageing population could harm policy transmission – BoE’s Saunders
Interest rates’ “cashflow channel” may weaken, says MPC member