Central Banks
Some FOMC members sought pause in July, minutes show
Participants pointed to signs of loosening labour market and slowing consumption
Norway raises rates and signals further hike is likely
Norges Bank will increase rates in September if forecast is accurate, governor says
Central Bank of the Philippines holds policy rate
Governor pledges further increases if necessary as central bank raises inflation forecast
Most central banks operate in jurisdictions with deposit guarantee schemes
Few operate their country’s DGS, and some are working to reform schemes’ design
FDIC chair promises stricter rules for mid-sized banks
Gruenberg says regional banks will need better resolution plans and more long-term debt
RBNZ holds policy rate but revises up projection
Central bank expects rate to stay higher for longer and raises estimate of neutral rate
Uganda cuts rate for first time since 2021
Central bank head refuses to comment on World Bank decision to halt funding
Financial Stability Benchmarks 2023 charts
Take a deep dive into the Financial Stability Benchmarks charts, which have just been released for 2023
Earth to Jackson Hole: create sustainable future bonds for stability and prosperity
Marina Zucker-Marques and Kevin Gallagher offer a template for a new central bank asset
Reserve requirements and countercyclical buffers are most common macro-pru tools
Dynamic provisioning and limits on credit growth are least-used measures
Bank of Russia raises rates in emergency meeting
Board says domestic demand is boosting depreciation’s effects as Putin adviser criticises governor
Should the ECB worry about divergent inflation?
Economists say widening readings across eurozone show lingering effect of energy price shock
RBI’s Das calls for action on debt distress
“Bigger and stronger” IMF could do more to tackle widespread debt problems, governor says
Europe unlikely to see major gas shortage this winter – research
Risks remain if alternative sources of natural gas falter, says Fed economist
Argentine central bank intervenes after Milei win
BCRA hikes rate 2,100bp and devalues peso after central bank opponent leads primary elections
PBoC cuts key rates as economy stutters
China stops publishing youth jobless rate after record-high figure in June
Financial stability resources are sufficient, most central banks say
Some say they need to improve access to data, training and specialist staff
Man on a mission: Axel van Nederveen, swaps evangelist
EBRD treasurer spreads the good word about local currency derivatives markets
Audit of Lebanese central bank reveals huge shortfalls
US, UK and Canada place personal sanctions on ex-governor Salameh
China’s new lending slumps to lowest since 2009
Analysts believe PBoC has limited room to cut interest rates amid current yuan weakness