Central Banks
RBA says it will replace banknotes ‘completely destroyed’ in bushfires
Central bank prepares for influx of damaged banknotes and continues to make “fire-related” emergency payments
BIS adds members and boosts EME voices on committees
Emerging markets now better represented on key governance bodies
Liquidity operations squeezed Fed’s net income last year
Repurchase agreements cost the Fed $6 billion in 2019, preliminary results show
Lebanese governor requests more powers to deal with crisis
Salameh says financial and monetary stability at risk without new measures to regulate banks
Demographic change could mark end of economic growth – NBER paper
Shrinking populations could cause knowledge and living standards to stagnate, author says
Chile unexpectedly halts forex interventions
In December, interventions helped peso appreciate, but it has resumed downward trend
ECB paper looks at role of uncertainty in central bank comms
Researchers use machine learning to study market reactions to BoE inflation reports
Trump’s criticism undermining confidence in Fed – Yellen
Political pressures could hurt central bank independence, says former Fed chair
KYC initiative could help stem correspondent banking decline
South Pacific KYC utility will be based on digital identification databases; decisions on minimum data requirement yet to be made
Fed to wean banks off daily repos later this year
Total reserves may need to be higher than Fed initially judged as demand for repo operations remains strong
Inflation expectations risk continuing downward trend – John Williams
New York Fed president urges policy-makers to hold themselves accountable for below-target inflation
Slovenian central bank demands courts rule on bail-in law
Bank of Slovenia says law would break EU Treaty as bitter dispute over bail-ins escalates
People: Israeli governor nominates Andrew Abir as deputy governor
Former Sarb deputy governor appointed chief executive of Absa financial group; Colombian president picks new board member; Riksbank names new general counsel
Argentina reduces key rate floor again
New governor thinks ultra-tight financial conditions failed to tackle high inflation
Andorra seeks to join International Monetary Fund
Tiny principality would bring IMF members to a total of 190
Economists call for action on risk of dollar liquidity crunch
Credit to non-banks and currency mismatches have grown, while oversight is “fragmented”, report warns
PBoC signs currency settlement agreement with Laos
Agreement comes as Chinese authorities push for increased international use of renminbi
SNB expects $50 billion profit in 2019
Rising gold prices and foreign currency assets boosted profits, Swiss National Bank says
Carney launches review of BoE monetary policy
“Deep structural changes” have left little space for conventional tools to work, governor says
Fed’s Brainard criticises other US regulators over lending proposals
Fed governor warns proposed reforms from FDIC and OCC could harm poorer areas
Riksbank minutes show disagreements over December rate hike
Dissenting board members cite looser international policy, weak growth and below-target inflation