Central Banks
Uganda’s central bank cuts banknote printing costs
Improved processing and new reissuance guidelines streamline banknote management, report says
Fed ethics officials warned against trades
March 2020 advice cautioned against stock transactions in following months
Central banks divided on liquidity stress tests
Central banks with lower reserves more likely to forgo the measure
Turkish central bank cuts rates again as currency falls
Lira hits new low days after president dismissed senior officials
Biden stimulus will cause small, short price spike, says paper
San Francisco Fed predicts American Rescue Plan will boost inflation by 0.3%
BIS launches third green bond fund in Asia
Asian Development Bank and BIS aim to foster issuance of safe green assets
People: Portugal reappoints board member two years late
Second woman to join Paraguay board; Central Bank of Russia appoints government official to lead financial ombudsman; and more
One in ten central banks opened new liquidity swap lines
Benchmarking participants expanded lines in dollars, euro and renminbi
Podcast: Payment networks of the future
Liz Oakes (Mastercard) and Somya Patnaik (ACI Worldwide) discuss how central banks can ensure consumers get the most out of new payment infrastructure
Weidmann to step down as Bundesbank president
After over 10 years leading the German central bank, Weidmann will leave for “personal reasons”
Kenya’s banks told to prepare climate risk plans by 2022
Central bank publishes guidance urging banks to integrate climate risk into broader risk management
Iranian court sentences former governor to 10 years in prison
Valiollah Seif convicted of currency offences, but reportedly remains free pending appeal
Gita Gopinath to leave IMF
Fund’s first female chief economist is set to return to Harvard
Forecaster surveys improve eurozone inflation modelling – ECB paper
Households’ and firms’ expectations do not provide useful data on inflation
Delta variant had smaller impact on US consumer spending
Cleveland Fed finds weaker or no link between hospitalisation and spending in 2021
Securities lending prevalent in European central banks
Monetary policy, market maturity and currency variation may limit adoption in other regions
ECB paper examines ‘euroised’ economies
European countries’ informal adoption of euro places limits on central banks, says working paper
BoE launches ‘exploratory’ CCP stress test
Central bank will test credit and liquidity exposures, and will also conduct “reverse stress tests”
National income not only determinant of reserve management staff numbers
Salaries ranged between $11,968–$138,768 among benchmark participants