Articles by Central Banking Newsdesk
RBI’s Mohanty lays out approach to rising food prices
The Reserve Bank of India will have to perform 'a careful balancing act' if it steps in to mitigate rising food prices, says executive director Deepak Mohanty
Nigeria's Sanusi to serve out full term after ‘reconciling' with Jonathan
Nigerian central bank governor and president said to put aside their ‘differences' after Goodluck Jonanthan reportedly demanded Sanusi's immediate resignation for allegedly leaking politically sensitive information
Bundesbank paper finds benefits in concentrated bank lending
Researchers find that banks with more concentrated credit portfolios have lower expected write-offs and unexpected risk than their counterparts
Real exchange rates determined by 'cointegrated' factors, Bofit paper finds
Evidence suggests sectoral total factor productivity differentials, real interest rate differentials and real gold prices explain movements in bilateral US real exchange rates between 1970-2006
Basel Committee publishes leverage ratio definition
Basel Committee agrees common definition for simple bank leverage ratio; discussions set to continue over the appropriate required level
ECB unveils new €10 note
Yves Mersch presents the design of the new €10 banknote in Frankfurt; equipped with new security features to help keep rising counterfeit rates in check
MAS says lack of global regulatory standard for virtual currencies cause for concern
Singapore's monetary authority and chief financial regulator singles out the likes of Bitcoin as a potential conduit for illicit activities, in survey on money laundering and terrorism financing
Bank of Albania paper trials CAB approach to estimate fiscal position
Bank of Albania economist applies cyclically-adjusted budget balance approach to estimate country's fiscal position, finding fiscal policy to be pro-cyclical
BoJ’s Shirai warns against rush for 2% inflation at all costs
Sayuri Shirai says it ‘may be appropriate’ to take longer than two years to meet the central bank’s inflation target of 2%; stresses the importance of achieving the goal in a ‘stable’ manner
Philippines governor recounts emergency measures after Typhoon Haiyan
Amando Tetangco also says the central bank is well-equipped to deal with financial turbulence in the coming year
ECB deflects parliament questions on troika
European Central Bank publishes response to a European Parliament questionnaire on the financial assistance programmes brokered by the troika; Irish governor praises ‘rigorous adherence’ to fiscal goals
Stanley Fischer nominated Fed vice-chair
US President also nominates Lael Brainard, a former US Treasury under-secretary, to the Federal Reserve board, while Jerome Powell, on the board since 2012, is nominated for a second term
Disappointing jobs report raises questions over Fed forward guidance
US unemployment falls toward Fed ‘threshold' of 6.5%, but few new jobs are added; confusing result raises questions for how - or whether - the Fed will proceed with its 'taper'
MAS' Menon warns Myanmar over ‘big bang' liberalisation
Singapore monetary authority managing director says Myanmar must liberalise its financial sector, but at a measured pace
People: Bank of Portugal appoints ‘temporary’ chief economist; Bank of Spain reveals pride in ECB hire
Isabel Horta Correia named head of economics and research ‘under temporary assignment’ at Bank of Portugal; Ramón Quintana praised by Bank of Spain for ECB success
Commodity price inflation caused by 'financialisation', RBI paper finds
Research also shows private liquidity is inflationary while official liquidity is not and and that derivative traders, active and passive, have played an important role in inflation dynamics
ECB appoints four SSM department heads
New directors general include a former secretary-general of the BCBS and hires from the central banks of Spain and Finland; ECB endorses Sabine Lautenschläger for its executive board
Israeli paper finds ‘prolonged decline’ in Nairu
Researchers at the Bank of Israel utilise the Phillips and Beveridge curves to estimate the country’s non-accelerating inflation rate of unemployment between 1998 and 2012
Fed minutes reveal QE wind-down balancing act
Reduction in monthly asset purchases of $10 billion meant to signal slow rather than quick tapering; thresholds becoming less relevant as economy improves
Hungary minutes show calls to slow rate of cuts
Hungarian monetary policy council decided in December to again cut rates by 20 basis points, but two members argued it was time to slow the rate of easing
Polish paper says monetary policy transmits mainly through real sector
Researchers at the National Bank of Poland build a structural vector-autoregression model that includes both fiscal and monetary policy
People: Maldives nominates female governor; Uribe takes over from Carstens on BIS body
Local bank executive nominated after former governor's sudden resignation; Colombia governor Uribe takes over from Agustin Carstens on BIS Americas council
Turkish banks 'sound' despite 'significant increase' in non-deposit funding, central bank says
Lenders' asset quality and capital adequacy high enough to withstand shocks according to new financial stability report; liquid FX assets cover 'half' of sector's short-term external debt
Riksbank board grappling with ‘genuine policy dilemma'
Minutes show last month's cut in interest rate was preceded by considerable apprehension, with one board member describing it as his ‘most difficult' decision to date at the central bank