Central Banks
Lebanese governor is charged with financial crimes
Prosecutor asks higher court to examine case against Riad Salameh
Iran imposes FX controls as currency falls again
Commodities inflation bites ahead of upcoming new year
IMF allows five regional banks to hold SDRs
Development banks in Europe and the Americas are now “prescribed holders”
South Korea holds rates for first time in 12 months
Governor says further rate hikes are possible as figures show economic contraction in last quarter
BoE’s Mann challenges idea of ‘long and variable lags’
MPC member says changing transmission of policy in UK may demand more tightening
How US demographics complicate the Fed’s job
Ageing population and pandemic legacy are confounding economists’ predictions
Non-banks tend to cut lending during crises – BIS paper
Evidence from syndicated lending suggests growth of non-banks could exacerbate crises
RBNZ raises rates as cyclone complicates outlook
“Devastating” impact of Cyclone Gabrielle creates economic disruption and prompts fiscal action
Currency round-up: Charles III causes controversy
Australian government drove decision to drop UK monarch from notes, as ECCB weighs its options
Bank Indonesia’s Warjiyo nominated for a second term
Few governors have served two terms in the central bank’s history
Israel continues tightening as inflation persists
Foreign minister attacks hike, forcing PM and finance minister to defend autonomy
PBoC releases draft rules for Swap Connect
Foreign access to onshore CNY swaps limited to interbank bond market users, while Isda docs aren’t ruled out
Macro-pru tightening can cause ‘risk leakages’, ECB paper finds
Policy-makers should tighten household limits early in the credit cycle, researchers say
Bank of Spain board member quits hours after appointment
Cabrales had signed letters expressing support for Catalan pro-independence politicians
India and Singapore link fast payments systems
Connection designed to help diaspora make cheaper and faster transfers
China revamps risk exposure rules for commercial banks
New rules aim to improve banks’ risk measurement and reflect size differences, regulators say
Economics Benchmarks 2022 – presentation
Economics specialist Daniel Hinge discusses year-on-year trends, forecasting choices and research
Stability under the 2% inflation standard is a chimera
An inflexible standard of value that lets the market decide how much money to produce would be superior, write Brendan Brown and Robert Pringle
Slovak prosecutor charges central bank governor with bribery
Kažimir has denied allegations that he sought bribes while serving as finance minister
FSB says commodities markets are opaque and vulnerable
Highly concentrated market is reliant on leverage and short-term funding, report finds
Who will replace Brainard at the Federal Reserve Board?
Another empty chair leaves another difficult choice for Joe Biden