Articles by Central Banking Newsdesk
MAS to offer overnight renminbi liquidity
Monetary Authority of Singapore says it will launch an overnight liquidity facility for Chinese currency in July; latest step in growth of offshore market
Revisions to output gap estimates can skew fiscal stabilisers, IMF says
Working paper proposes a ‘rule of thumb' to take into account the likelihood of revisions to estimates of potential GDP when activating fiscal stabilisers
Poloz warns of household vulnerabilities in Canada's financial sector
Bank of Canada governor Stephen Poloz says enhanced framework to highlight vulnerabilities shows household debt and housing lending are areas of concern
Bank of England given far-reaching macro-prudential powers over housing
UK chancellor unveils ‘big new steps' that will allow BoE to cap loan-to-value and loan-to-income ratios on mortgages; Carney ‘applauds' decision
Stanley Fischer confirmed as Fed vice chair, as Brainard joins the board
Lael Brainard passes Senate vote to become newest member on Fed board of governors; expected to be sworn in before FOMC meeting on Tuesday
Romania governor calls for early entry into Banking Union
Romania will be affected by Banking Union either way, argues governor Mugur Isărescu, so would be better off inside rather than outside
Weidmann says sovereign bond purchases are ‘sweet poison’ for governments
Deutsche Bundesbank president Jens Weidmann outlines his concerns about sovereign bond purchases, saying central banks face ‘being dragged and driven’ by fiscal policy
Philippines tailors stress tests to real estate exposures
Central Bank of the Philippines approves new prudential guidelines to incorporate in bank stress tests; insists they are preferable to ‘absolute limits’ on real estate exposures
Australian sovereign wealth fund appoints new head
Chief investment officer David Neal picked to head up the management company behind Australia's $90 billion Future Fund
Belgians call for ‘strong co-ordination’ to hold EU prudential regime together
Article in National Bank of Belgium's financial stability review evaluates the institutional structures that will influence macro-prudential policy in Europe
MPCs can make good decisions despite economic uncertainty, says Israel's Flug
Israel governor stresses the need for up-to-date forecasts and 'broad range of indicators' when conducting monetary policy
IMF researchers map out countries’ macro-financial risks
Working paper presents a framework for linking the various aspects of the IMF’s surveillance, and a tool for mapping out the various conditions in each member state
ECB argues risk of deflation is 'remote'
Monthly bulletin sets out criteria for what the European Central Bank considers deflation, as opposed to ‘subdued price developments of a less malign nature’
Serbia's slowing dinarisation expects boost from subsidised loan programme
A programme offering cheap dinar-denominated loans to the corporate sector should see use of the national currency bounce back, Serbia's central bank hopes
Bank of England joins with UK Treasury in sweeping financial markets review
Markets review initiated by government, which includes the central bank and Financial Conduct Authority, will look at conduct and transparency in financial markets
New Zealand hikes OCR again; Indonesia and South Korea hold firm
Reserve Bank of New Zealand raises its key rate for the third time in 2014; Bank Indonesia and Bank of Korea hold policy despite above- and below-target inflation respectively
IMF launches global house price observatory to 'nudge' prudential policy-makers
Fund sets up website to help countries keep track of and compare housing sector developments and prompt them into ‘early action' on booms and busts
Fed's communication on tapering ‘careless and whimsical', says new BoE deputy
Ben Broadbent, incoming deputy governor for monetary policy, says the Bank of England is likely to provide ‘disciplined' guidance on asset sales
Broader interpretation of CB mandates could allow for international co-ordination
International monetary policy co-ordination might not be off the table, Finnish board member says, but adds not all emerging countries were hit by taper talk in the same way
‘All pieces are in place' for co-ordinated regulation of European ABS, says Mersch
The various agencies in charge of regulating ABS in the EU should be able to co-ordinate their regulation of the asset class, Yves Mersch says
People: Venezuela finance minister to sit on central bank board; and more
Venezuelan finance minister gets a seat on the central bank board; Bank of Japan London representative moves home to head up international division; and more
IMF paper warns low inflation will increase G-7 debt burden
Zero per cent inflation for five years would increase the average debt-to-GDP ratio by five percentage points, but researchers warn against chasing high inflation to erode debt burden
Rosengren outlines exit options from ‘essential' unconventional monetary policy
Exit options could include using reverse repos to put a ‘floor' on short-term interest rates, or to raise the interest rate the Fed pays on excess reserves
Exchange rate losing significance in Asian monetary policy, BIS paper argues
Bank for International Settlements working paper argues sterilised intervention in currency markets is becoming less effective as Asia's economies trade more freely with each other