Central Banks
ECB expected to slow rate increases to 25bp
Lower energy prices and smoother supply chains allow a gradual tightening process
Regnology cements regtech-suptech dominance with Metadata acquisition
Series of bank collapses underscores need for timely data on firms’ regulatory metrics
Extended QE creates pessimistic sentiment – Bank of Canada paper
News and social media “significantly” impact market sentiment, researchers say
Fed inspector says FOMC should look at extending trading rules
Internal watchdog also finds shortcomings in enforcement and review
EME central banks favour social media, AE institutions prefer traditional channels
Central banks actively manage four social media platforms on average
What economists learned from Covid-19
A rush of work on ‘epi-macro’ yielded breakthroughs and then faded. Will there be lasting benefits?
FDIC calls for reform of US deposit insurance
Congress should change law to allow greater coverage for firms’ payment accounts, Gruenberg says
JP Morgan buys First Republic in weekend rescue deal
US suffered “a bit of complacency” on banking regulation, says IMF chief
Eurozone inflation rises to 7% in April
Core inflation declined to 5.6%, but energy prices grew again
BoG’s Addison: Ghana agrees to end monetary financing
Governor says MoU with finance ministry “has been finalised”, and the IMF deal will come by the end of May
RBA raises rates 25bp as spending falters
Outlook for household consumption uncertain as effects of tightening start to appear
Central banks most effective in monetary policy communications
All participating central banks monitor media to gauge effectiveness of communications
Central bank negative equity: a risk governance perspective
Janet Cosier explains how risk planning, recapitalisation and transparency are key as central banks incur financial losses
ECB says Hungary has infringed central bank autonomy
Frankfurt says restrictions on bond buying interfere with monetary policy
Argentina orders 1,000bp rate hike as peso struggles
Central bank tightens for second time in a week
Atlanta Fed clarifies contingencies ahead of hurricane season
Outages could affect bank supervision, discount window, cash, cheque and ACH processing
New BoJ governor announces monetary policy review
Bank of Japan keeps ultra-loose policy unchanged at Ueda’s first policy meeting
Email, events and seminars top tools for internal communication
But few central banks have a mobile app for staff communication
Book notes: Money and the rule of law, by Peter Boettke, Alexander Salter and Daniel Smith
A largely US-focused book, which hankers for more robust rules for central banks but isn’t explicit as to what kind