Central Banks
Central Bank of Kenya upgrades nowcasting platform
Package of forecasting reforms is part of ongoing policy “modernisation”
Three in five central banks seek improved banking regulations
Basel III reforms, liquidity controls, capital adequacy, others dominate list of concerns
US’s indirect reliance on Chinese goods rises – NY Fed research
Study finds country’s largest partners are importing increasing amounts of goods from China
Sovereign debt in default fell by 1% in 2023 – BoC study
Research finds shift in lending away from Paris Club creditors towards China
Romania cuts rates by 25bp
Central bank expects inflation to decline “significantly” after revising projections
RBI holds rates as food inflation persists
Governor says better weather and improved agricultural yields should relieve price pressures
HKMA receives ‘broad support’ for plans to simplify banking system
Hong Kong’s de facto central bank says industry welcomes proposed switch from three tiers to two
Reserve requirement remains leading macro-pru policy
High income countries favour caps on loan-to-value ratios
Monetary policy has less impact on private credit – Fed research
Funding, ‘dry powder’ and fund returns for asset class remain high amid policy tightening
Protesters force Bangladesh Bank deputy governors to resign
Governor’s whereabouts unknown after demonstrations cause prime minister to flee
Grocery inflation caused by wages and raw goods prices – Fed study
Research comes as FTC launches inquiry into alleged price gouging by US retailers
Customer verifications have slashed fraud across Europe – ECB, EBA study
Problem greater in non-EEA countries with looser security requirements, says research
Central Bank of Kenya cuts rates by 25bp
First reduction in more than four years comes as inflation declines and CBK issues new banknotes
PBoC stops injecting short-term liquidity
Decision adds to central bank’s recent efforts to tame rally in long-term government bonds
Most central banks have macro-pru mandates
Nine institutions seek more macro-pru tools
Major UK banks better placed for resolution, says BoE
Central bank publishes new assessment on institutions’ resolvability in the event of failure
Too soon to declare victory on inflation – World Bank report
Economists say central banks should proceed with caution to avoid upside risks
Japanese officials pledge vigilance on financial markets
BoJ, finance ministry and regulator hold emergency meeting after country’s biggest fall in equities since 1987
Financial stability budget increases in most central banks
But resources less likely to be sufficient in Africa and lower-middle income institutions
US Helocs rise after years of decline – research
Study by Kansas City Fed warns balances are outsized compared with debt consolidation
Central banks buying more gold
Emerging markets led way in sales and purchases for June, according to World Gold Council
Why was Archegos worse than the Fed’s five-fund stress test?
Some believe Credit Suisse was an outlier, but others say the CCAR results underestimated risks
Turkey records 10-point drop in annual inflation for July
Year-on-year figure down to 61.78%, but monthly figure still rising