Monetary policy
PBoC accepts lower-grade and green bonds as collateral
Central bank’s move may indicate a shift of emphasis in setting monetary policy
Paul Tucker: UK supervisors’ powers may go too far
Former BoE deputy says some central banks have too much power and not enough accountability; argues QE was necessary but problematic
Real surges as central bank announces currency swaps
Brazil has struggled with tighter financial conditions, governor Goldfajn says
Swiss reject radical monetary proposals
Less than a quarter of people vote for new monetary system; activist says vote has started a conversation
Turkish central bank hikes main rate ahead of election
Hike comes as inflation continues to rise, though the lira has levelled out
Argentina abandons monetary financing to secure IMF support
Inflation targets raised as $50 billion IMF deal requires greater central bank independence
IMF urges Algeria to abandon monetary financing
Fund says a weaker dinar would support efforts to reduce debt
Switzerland weighs bold monetary experiment
On June 10, Switzerland will vote on whether to revolutionise its monetary system and hand the central bank a monopoly on money creation
Banque de France paper sketches policy routes for post-crisis central banks
“New orthodoxy” would see unchanged policy goals, but more freedom to lower interest rates
Labour supply elasticity may hamper wage growth – Riksbank’s Ohlsson
As economic demand rises it can be satisfied by a higher number of workers
Nigerian deputy governor resigns
Local reports suggest Adebayo Adelabu intends to run for governor of home state
Chilean deputy points to US inflation as biggest risk
US growth is broadly positive, but sustained wage growth could drive up rates causing sharp portfolio outflows from emerging markets; Chile relatively well positioned
Time for Central Bank of Argentina independence
Monetary financing has fallen sharply under Mauricio Macri’s administration, but must now end; independence law would help efforts to shatter Argentina’s inflationary shackles
Trump appears to pre-signal strong jobs data
US jobs report shows large increase in jobs and further drop in unemployment
Have central banks created a ‘debt trap’? No, but ...
Tougher regulation has helped ensure extraordinary monetary policy has not caused a dangerous rise in private debt
Bank Indonesia announces second rate hike in two weeks
First meeting under new governor reflects central bank’s focus on currency stability
Bank of Canada to ‘look through’ rising fuel prices
Central bank on hold as inflation hovers close to target, but more rate hikes remain likely
Tunisia leaves rates unchanged despite high inflation
Central bank urges government to issue debt to finance budget and current account deficits
Colombia still has room to cut rates if recovery falters – IMF
Fund praises monetary policy regime as factor anchoring inflation expectations
Bullard cautions on pace of US policy normalisation
St Louis Fed president concerned market expectations will threaten credibility of inflation target
FOMC members rarely change their preferences – paper
Researchers find policymakers tend to form their preferences early on in life
Turkish central bank simplifies policy framework
Lira finds a measure of stability as CBRT prepares to implement a more conventional corridor system for setting interest rates
UK statistics authority disagrees with BoE on snow impact
ONS says snow had limited impact on Q1 GDP, contradicting the BoE’s account
Podcast: San Fran Fed’s Daly on gender inequality in central banks
Mary Daly on the importance of role models in improving central banks’ gender balance