Growth
Bank Indonesia announces second rate hike in two weeks
First meeting under new governor reflects central bank’s focus on currency stability
Colombia still has room to cut rates if recovery falters – IMF
Fund praises monetary policy regime as factor anchoring inflation expectations
UK statistics authority disagrees with BoE on snow impact
ONS says snow had limited impact on Q1 GDP, contradicting the BoE’s account
Turkish central bank carries out emergency rate hike as currency falls
Erdogan statements and emerging market sell-off put pressure on lira
Risk-based supervision focus report 2018
This first Central Banking journal focus report on risk-based supervision analyses how central banks, financial regulators and financial institutions can streamline efforts to meet onerous new regulatory and supervisory data requirements.
US sanctions Iranian central bank governor
Valiollah Seif and another senior official accused of transferring funds to militant group
BoE’s Broadbent apologises for ‘menopausal’ remark
Deputy made the remark while trying to explain the word ‘climacteric’ to a newspaper
US consumer inflation expectations are on the rise – NY Fed
Median one-year price rise expectations increase to 2.98% in April from 2.75% in March
ECB stresses protectionist risks in economic bulletin
US administration announced plans to impose tariffs on steel and aluminium in March
Carney defends communications approach as BoE holds
Central bank criticised for apparent U-turn on rate hike; governor says majority of people in the economy are “not fixated” on the timing of a hike
Slowdown of US growth is temporary, Dallas Fed says
Despite weaker growth in Q1, the labour market keeps tightening and demand is solid
The IFF China Report 2018: The Bay Area Development
The Guangdong–Hong Kong–Macao Great Bay Area represents an effort to co-ordinate development to create globally competitive city clusters at the start of the Maritime Silk Road in southern China. These efforts are focussed in particular on innovation,…
High-frequency data could improve GDP estimates – RBI researchers
Initial data releases tend to be revised upwards, the authors find
BoJ drops timeframe for achieving inflation target
Bank has postponed target for achieving 2% inflation six times since 2013
Reducing the regulatory burden
Former Federal Reserve Bank of New York senior vice-president Kenneth Lamar discusses risk‑based reporting, its challenges and whether fintech will help reduce the regulatory burden.
Riksbank delays first hike on weak inflation
Repo rate expected to remain negative until late 2019
The IFF China Report 2018: Chinese financial system reform
China is focusing greater effort in tackling the build-up of risks in its banking and financial system, while also seeking to ensure credit is more effectively distributed in the real economy. At the same time it is has embraced fintech but policymakers…
Fintech in the ‘new era’ – Sustainable and sound development
Li Dongrong, president of the National Internet Finance Association of China and former deputy governor of the People’s Bank of China, discusses the growing importance of fintech and how innovation must be married to self-discipline for China to make a…
China’s macroeconomy in the ‘new era’ of politics and power
Lou Jiwei, president of the National Council for Social Security Fund and former minister of finance of China, explores the three key aspects of China’s macroeconomic situation in the ‘new era’ of Chinese politics and power
Swedish paper examines effects of business cycles on employment
Volatile business cycles cut the number of new jobs and employment, Riksbank paper says; analysis uses labour market search model to track effects
US steel tariffs likely to damage labour market – NY Fed research
Exporters who need steel imports face higher input costs, possibly leading to lower employment
BoE paper investigates uncertainty around elections
Elections help to isolate macroeconomic and financial uncertainty, author argues
The IFF China Report 2018
Insight and opinion from China’s top leaders, policymakers and financiers
Higher expenditure in services limits trade growth – Fed paper
Growth of trade in 1990s and 2000s may be anomalous, researchers say