Central Banks
Bank of England to go ahead with QT
Central bank delays start of bond sales by one day to avoid fiscal announcement
Eurozone sovereign downgrades increased corporate risk – ECB paper
Ratings changes for “core” eurozone countries had largest effects on corporate bonds
Independence white paper outlines possible Scottish central bank
Proposals map out “the process of establishing a Scottish pound”
IMF recommends using reserves ‘prudently’ to offset dollar strength
Floating currencies, IMF precautionary lines and reactivation of Fed swap lines among possible measures
Report of delay to QT ‘inaccurate’, BoE says
Article says central bank is “expected to bow to investor pressure” for delay to asset sales
People: Kuwait appoints first woman deputy governor
New deputies in Sri Lanka, Ireland and Zimbabwe; Turkish MPC member dies; and more
US and European policy-makers feel ‘vindicated’ over aggressive hikes
QT may deserve a slower approach than traditional policy, says Jacob Frenkel
BoE ends bond purchases as government rolls back tax cuts
Gilt market rebounds as government axes most of its controversial ‘mini-budget’
Hungary makes emergency intervention to defend forint
Action comes after the central bank said it would cease rate rises
BoK governor highlights difficulty in forward guidance
Rhee Chang-yong says he may reassess forward guidance amid exchange rate pressure
Atlanta Fed chief admits to trading rules violations
Bostic claims he misinterpreted rules on funds managed by third parties
African governors face multiple financial ‘floods’
Kenyan governor says a “doubling, tripling” of access to IMF resources is needed
State Bank of Vietnam expands exchange rate trading band
Move effectively allows the dong to fall further against a strong US dollar
PBoC rolls over 500bn yuan policy loans to maintain liquidity
Central bank keeps the rate on the medium-term loans unchanged at 2.75%
Some CCPs struggle in BoE stress test
First central counterparty stress test finds firms come close to depleting their buffers in baseline scenario
RBA payments systems suffer outage
Problem took too long to resolve, and platform is too fragile, payments executive claims
Armenian governor argues for ‘paradigm shift’ in forecasting
Base case should be abandoned in favour of multiple scenarios, says Martin Galstyan
Saudi sovereign wealth fund issues first bonds
Public Investment Fund markets $3 billion in “green bonds” for climate investments
World has ‘very little space’ for policy, says Georgieva
Carney, Georgieva, Donohoe and El-Erian agree room is limited and mistakes are punished harshly
Menon urges policy-makers to take a longer term view
Climate change is “the mother of all supply-side shocks”, MAS chief says
Central African ministers intervene in central bank recruitment
BEAC’s political supervisors demand external audit after charges of nepotism