Central Banks
PBoC steps up efforts to safeguard cash use
Chinese central bank fines railway $78,000 over refusal to accept cash in ticket office
Reserve coverage remains at adequate levels despite Covid
FX interventions to tackle capital outflows have not meaningfully reduced portfolios globally
Podcast: Paul Fisher on the future of balance sheet policy
Central banks must think about the composition of their balance sheets, the former BoE official says
Fed announces strict new trading rules for senior officials
Regulations would ban individual investments, increase disclosure and restrict transactions
Paraguay’s MPC hikes rates by 125 basis points
Country follows Chile with unexpectedly large tightening as inflation continues to rise
Bank of Thailand raises LTV ratio cap as recovery slows
Central bank says home loan measure has limited risks despite high household debt
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