Central Banks
Trump administration would pursue ‘course correction’ at Fed
Former Fed adviser says ex-president would try to reform an institution he already sees as politicised
Namibia administers first rate cut in four years
Move comes as inflation slows and foreign exchange buffers increase
PBoC delays medium-term lending facility operations
Postponement to later in the month aligns with bank’s plan to diminish MLF’s role as key policy rate
Central banks say co-operation on AML/CFT effective
But some still want improved data sharing, surveillance and relationships
Russia launches payments moratorium for displaced citizens
Residents of regions affected by Ukraine’s counteroffensive can defer payments for up to six months
Medium-term US inflation expectations hit record low
However, expert says infrastructure projects could push prices to higher-than-expected levels
HKMA launches GenAI sandbox
Authority encourages banks to test use cases such as improved risk management and anti-fraud efforts
Distribution of reserves determines QE and QT’s impact – BoE paper
Policies have ‘highly asymmetric’ impacts on reserve-scarce banks, researchers say
UK CPI up less than expected as services inflation falls
Figures may help allay concerns over persistent wage pressures
New Zealand cuts policy rate for first time in four years
RBNZ cites easing inflation and weakening economic activity
Rising AML/CFT risks reported in 40% of jurisdictions
But majority of central banks empowered and well equipped to mitigate risks
EMEs’ rising reserves increase global volatility – NBER study
Emerging economies’ accumulation of foreign assets has depressed global interest rate
Bank of Israel reports continued rise in digital payments
Survey shows increase pre-dates emergency measures brought in during Gaza war
‘State-dependent’ model sheds light on inflation surge
Bank of Spain’s Galo Nuño says changing key pricing assumption helps explain “immaculate disinflation”
Did the Fed make a mistake holding rates in July?
Experts warn Fed not to signal “panic” but to be ready to act aggressively if needed
Former IMF economist to be next Bangladesh Bank governor
Ahsan Habib Mansur will take over after predecessor was forced out of office following protests
Non-banks generally seen as lesser threat than banks
Central banks much more likely to want new tools to tackle risks in the banking sector
Ukraine offers creditors deal to restructure its debt
Two-thirds of bondholders will need to agree to 37% haircut in IMF-supported plan
Bangladesh central bank’s governor steps down
Abdur Rouf Talukder’s departure comes days after protests forced deputy governors to resign
PBoC looks into narrowing interest rate corridor
Central bank elaborates on recent changes to monetary policy framework
Neural networks are ‘powerful tool’ for non-linear analysis – paper
Machine learning technique highlights downsides to inflation target ranges
Central banks need to avoid ‘overconfidence’, says RBA’s Hauser
Deputy governor warns against 'false prophets' when forecasting with point estimates
Authorities resolved median of one bank over past decade
Central banks suggest measures for resolving failed banks
Honey, I shrunk the Fed. (Not a sci-fi fantasy)
Promoting the discount window may be the Fed’s key to shrinking its $7trn balance sheet, says Bill Nelson