Articles by Central Banking Newsdesk
Canada deputy warns lower oil prices likely 'to be bad' for the country
Timothy Lane says gains from recent price drop ‘will be more than reversed' as hit to local producers ‘spill over to the rest of the economy'
Carney: ECB has ‘tools and clarity of mandate' to hit inflation target
BoE governor says there is ‘every reason' to expect the ECB to take the ‘measures necessary' to tackle low inflation as he weighs in on several international issues in parliamentary hearing
World Bank research sees value in ‘acyclical’ remittances
Remittance flows show little correlation with the business cycle and therefore can play an important role in allowing consumption smoothing
IMF gains one deputy managing director but loses another
Carla Grasso set to join as first-ever chief administrative officer, while Naoyuki Shinohara will leave at the end of his term; Lagarde praises his ‘trademark efficient and sharp insights’
Afghanistan governor Delawari resigns
Noorullah Delawari resigns three years into his second term at the central bank; first deputy governor Khan Afzal Hadawal will serve as caretaker until permanent replacement is appointed
Bank of Japan to release first bond market survey results in March
With new QQE measures introduced in October, Bank of Japan will conduct a new bond market survey in February to 'enhance dialogue with market participants'
Central Bank of Azerbaijan hits back at FX critics
Forex interventions made in 2014 – buying foreign currency throughout the year and then reversing the trades in a single month – were essential for maintaining stability, central bank says
Government spend no more effective at ZLB – NBER paper
US government spending did not become more powerful when monetary policy hit a zero lower bound, according to a working paper published by the National Bureau of Economic Research
Prolonged weakness of Mexico’s peso could impact inflation, says central bank deputy
A weakening of the Mexican peso could lead to a pick-up in inflation and ‘should be carefully monitored’, says Manuel Sánchez
Israeli research finds monetary policy is ‘dominant factor’ on short-term yields
Paper published by Bank of Israel examines impact of monetary and fiscal policy on government bond yields; finds the influence of government debt has ‘strengthened’ in past decade
Draghi and Rajan strike deal on cooperation
MoU signed on the sidelines in Basel will see ECB and RBI exchange information and cooperate on technical matters, banks announce
Tombini: Central Bank of Brazil to do ‘whatever is necessary’ to hit inflation target
Brazil central bank ‘will do whatever is necessary’ to ensure inflation enters into a ‘long period of decline’ from this year onwards, governor says
IMF paper considers merits of macro-prudential liquidity buffer
Working paper asks whether such a buffer would be desirable, and how it might operate in practice; authors say it would complement other requirements including the LCR and NSFR
Heavy snowfall forces Central Bank of Jordan shutdown
Central bank and commercial banks were forced to close their doors as the Middle East was battered by a freak snowstorm; president urged people not to venture out
Turkmen central bank chief ousted as economic malaise worsens
Gochmurat Muradov is the latest in a string of Central Bank of Turkmenistan chairmen to be dismissed after only one or two years in the post; deputy chosen to take over his position
Bank of Mexico expects inflation back on target in 2015
Inflation in Mexico ended the year slightly above target, at 4.08%; Agustín Carstens expects it will converge to the goal of 3% ‘from mid-2015’
People: Philadelphia Fed gets new directors; Paraguay central banker named finance minister
Jon Evans and Carol Johnson are appointed to the Philadelphia Fed board of directors; Central Bank of Paraguay loses member of the board of directors to the government; and more
Fed earns $116bn on QE assets in 2014
Regional Fed banks transfer just under $100bn in earnings to US Treasury, a 27% increase on the previous year; operating expenses totalled $3.6bn
Belarus central bank hikes key rate by 500bp
National Bank of the Republic of Belarus announces raft of measures to stabilise country's exchange rate; increases policy rate and reinstates currency basket peg
BoJ paper outlines enhancements to flow of funds data
Review paper details improvements to flow of funds accounts statistics in Japan introduced since the global financial crisis, and identifies a number of trends that have emerged
PBoC to accelerate reform process in 2015
Chinese central bank signals more financial reforms and a faster opening of financial markets in 2015; focus on ‘prudent’ monetary policy but more stimulus a possibility
Central bank expects Serbian FX market to stabilise
National Bank of Serbia reveals it sold €1.8 billion and bought €260 million at various points last year in an attempt to ‘ease short-term volatility’ in exchange rate
FOMC member says ‘very low' inflation provides ‘ample justification' for patience on rate hike
Eric Rosengren highlights ‘unusual set of conditions' as Fed looks to normalise policy stance; says low inflation globally may prompt an atypically gradual normalisation process
Reserve managers shun the euro, IMF data shows
International Monetary Fund data from the third quarter of 2014 shows a significant hit to euro reserves following negative interest rates