Central Banks
Supply shocks may become more frequent – BIS’s Maechler
Central banks should re-examine their policy approaches, says deputy general manager
National Bank of Romania renews veteran governor’s tenure
Mugur Isărescu, who has headed bank for more than 30 years, appointed to new five-year term
Book notes: Money in the 21st century: cheap, mobile, and digital, by Richard Holden
Author’s call for compulsory end of cash and transition to CBDC seems like ‘overkill’
Cloud and AI ‘dramatically improving’ data use at BoE
UK central bank creates cloud-based platform to streamline processing of its 30,000 data series
Disinflation in Turkey slows in September
Rate cuts appear less likely as CPI inflation remains at 49%
Japan’s economy not ready for rate hike, says prime minister
New premier’s remarks add uncertainty to BoJ’s normalisation path
High Russian growth ‘extremely unlikely’ – Bank of Finland study
Reports shows labour shortages, capacity constraints are beginning to bite
Swift to conduct live digital asset transaction trials from 2025
Network’s head of innovation says functionality will meet increasing demand for digital transactions
The Fed can afford to loosen policy
As (nearly) the world’s most hawkish central bank, the Federal Reserve is right to start monetary loosening, writes Steve Kamin
Reserve Benchmarks 2024 report – the challenge of diversification
Central banks’ insights into portfolio make-up shine light on new and old trends
Iceland eases monetary policy by 25bp
MPC cuts rates as CPI inflation excluding housing heads towards target
Basel III endgame adoption more than doubles
Annual monitoring exercise shows progress, but US and some emerging markets lag behind
Hungary’s central bank increases gold reserves by 16.4%
MNB now has highest per capita bullion stocks in central and eastern Europe
RBA bars two banks from private briefings after leaks
Incidents raise concerns over practice of holding off-the-record briefings with market participants
BoE will need to closely monitor shift to T+1 if it is to succeed – report
UK will move to accelerated settlement by 2027, even if rest of Europe has yet to align
Rate markets had lucky escape from August stock crash, says BoE
FPC minutes suggest spillover might have occurred were it not for positive macroeconomic news
Risk management ‘key’ to monetary policy – IMF’s Kammer
Fund’s Europe chief urges central banks to rely less on forecasts when inflation is high
FOMC in no hurry to cut rates, says Powell
September’s loosening reflects growing confidence in soft landing, argues Fed chair
US auto loan delinquencies focused in new lending – study
Lower credit standards and higher payments, not interest rates, are key contributing factors
Jamaica and Dominican Republic announce 25bp cuts
Caribbean central banks continue their easing cycles
Shared EU debt not ‘essential’ for competitiveness boost – Draghi
Former ECB chief also says his proposal for €750bn of extra annual investment is “conservative”
Libya’s parliament approves central bank compromise deal
Path now set for appointments of governor, deputy governor and board of directors
Colombia cuts rates by 50bp in split decision
Uncertainty over fiscal budget prevents further easing, analysts say
Fed relief plan for G-Sib agency clearing welcomed
Rollback may revive interest in European FCM model, as principal clearing still treated punitively