Articles by Central Banking Newsdesk
‘Normal' Norway has no need of forward guidance, says monetary policy chief
Head of Norges Bank's monetary policy division says interest rate forecasts are all the forward guidance his country needs, as the crisis did not hit Norway to the same extent
Fed proposals for updated payments system meets with mixed response
Some industry practitioners tell Fed it should move faster on payments reform, though others argue if it isn't broken, don't fix it
Thailand MPC split over rate cut
Minutes from the policy-makers' January meeting show that a motion to cut rates in the face of growing political unrest was defeated by four votes to three
Bank of England says BBA could co-ordinate response to banking cyber attacks
Sweeping exercise aimed at preparing UK banks against attacks against financial infrastructure by ‘hostile nation state' also sees some firms struggle with new dual regulatory structure
Aid ‘surges' benefit countries where currency or inflation is allowed to rise
If large inflows of aid are ‘sterilised' in an attempt to curb inflation or maintain a set exchange rate, the economy will not feel the benefit of aid, a new IMF paper finds
Fed 'policy shocks' cause both dollar and foreign interest rates to fall, Boston Fed paper finds
Expansionary monetary policy shocks by the Federal Reserve leads to dollar depreciation, while similar 'unexpected expansionary announcements' by foreign central banks cause it to appreciate
Global lending conditions more connected than ever, says BIS's Turner
Big emerging market corporations are borrowing abroad, while global capital has been flowing into EMs – meaning lending conditions are more strongly connected than before
RBA changes tune on cash and exchange rates
Reserve Bank of Australia hints at a ‘period of stability’ in interest rates and welcomes the weaker Australian dollar
National Bank of Hungary honours Austrian governor
Ewald Nowotny receives Lamfalussy Award for ‘exceptional international efforts’; associated conference in Budapest features comments from a host of European central bankers
Ben Bernanke joins Brookings; State Bank of Pakistan promotes deputy to acting governor
Bernanke, who left the Federal Reserve on Friday, will engage in ‘research and writing' at the Washington think-tank; State Bank of Pakistan deputy steps up after governor's departure
Global crisis weakened monetary policy transmission, Czech paper shows
New research from the Czech National Bank studies the transmission of monetary policy through different channels, finding it works as expected but was weakened in the financial crisis
Bank of England to lay off up to 100 staff
The central bank is looking to save £18 million over the next three years by making operations leaner; union representatives ‘strongly' oppose resulting redundancies
Zimbabwe central bank aims to regain LORL and rate-setting powers
The Reserve Bank of Zimbabwe set to offer overnight lending to banks at a rate based on government debt yields from the end of March; will also begin issuing government treasuries
ECB releases AQR framework
Danièle Nouy and Vítor Constâncio outline the ‘building blocks’ of the asset quality review; say recruitment for the SSM is progressing ‘at full steam’
Unco-ordinated macro-prudential policies could result in ‘capital war’, says BoJ paper
Johns Hopkins professor argues that, absent any co-operation, countries across the globe will implement macro-prudential policies in a manner ‘reminiscent of an inefficient arms race’
Liberian credit grew 42.5% in 2013, says central bank annual report
Total bank assets rose by 23.7%, while deposits grew 26.1%; internal activities centred mainly on strengthening the capacity of staff to meet skill requirements, according to the bank
Ingves calls for consistency in risk weights for credible capital ratios
BCBS chair says underlying differences in risk drive lion's share of risk-weight variations, but some arise from supervisory and practice-based idiosyncrasies
Eurozone crisis countries had to grasp the nettle of reform, says Cœuré
Delaying reforms until countries had emerged from the crisis would have been counterproductive, ECB board member says; effect of zero lower bound has been overstated, too
Central banks must lean against boom and bust to retain credibility, says Borio
A more symmetrical response to booms and busts is required to leave policy-makers with the ammunition and credibility to tackle them, says top BIS economist
EBA announces key ratios for European bank stress tests
European Banking Authority wants to see CET1 ratios of 8%, with 5.5% the threshold for an ‘adverse scenario'; stress tests to begin in the spring with results due out in October
Bernanke passes torch to Yellen as poll shows US torn on his legacy
Janet Yellen to be sworn in as Federal Reserve chair on Monday, but de facto takes over when Bernanke bids farewell today
Sint Maarten and Curaçao monetary union needs 'less political wisdom', more co-ordinated action
Emsley Tromp, president of the countries' shared central bank says monetary policy is helping to shrink persistent current account deficits but argues more co-ordinated action 'imperative'
Kazakhstan experiences 10-year inflation low
Quarterly inflation falls to 0.6% in latest figures; National Bank of Kazakhstan predicts it will increase in the coming quarter but remain in check throughout 2014
People: Israel appoints new currency head; ESRB re-elects Ingves
ESRB also reappoints Marek Belka, president of the National Bank of Poland, to steering committee and appoints Richard Portes, founder of CEPR, to Advisory Scientific Committee