Central Banks
BCRA president admits inflation still too high
Outlook requires continued ultra-tight monetary policy, says central bank president
Next Bank of Jamaica governor chosen
Businessman and financier Richard Byles to take over on August 19
Putting modern monetary theory to the test
Sayuri Shirai asks whether MMT might hold the solution to Japan’s stagnation
EU must improve capital markets to boost euro as global reserve – ECB
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy – Cœuré
SNB replaces Libor with new reference rate
The future of Libor is “not guaranteed” and underlying volume is “dwindling”, says Thomas Jordan
Finnish researchers propose new crisis indicator
Bank of Finland paper compares short term credit-to-GDP ratio to "Basel gap"
Polymer banknotes caused sharp fall in UK counterfeits – BoE
Bank of England reports reduction from 1,000-plus fake notes a month to single figures
Martin Feldstein, 1939–2019
The US economist was hugely influential in shaping both policy and economic research
IMF welcomes Tunisia’s tougher monetary policy
Further rate increases might still be warranted this year, say executive directors
Fed pushes big banks to tally CVA for central counterparties
Banks told to quantify exposure to CCPs for annual stress tests
IMF says South Sudan must rein in monetary financing
Central bank will have IMF support in resisting pressure to increase lending as crisis worsens
UK banking industry pledges to support public access to cash
Trade body will work with BoE and Treasury to ensure access to cash
National Bank of Romania resists the populists – for now
Veteran governor Mugur Isărescu has run a largely successful campaign to defend the central bank’s independence during a turbulent year
South Korean governor lays ground for rate cut
Rate cut seems more appealing to the BoK amid worsening trade war
Lagarde and Draghi stress Eastern Europe’s exposure to trade disputes
Improved institutions required to develop resilience to external shocks
Riksbank needs 24/7 instant payments platform – deputy governor
Ever higher use of electronic payments demands better infrastructure to guarantee safety, says Martin Flodén
Fed banks collaborate on economic education
“We have a ‘power-in-numbers’ approach,” says officer at the San Francisco Fed
RBI waives RTGS fees in bid to boost digital payments
Banks expected to pass the cost savings on to their customers
Sarb develops methodology to find ‘systemically important’ banks
South Africa’s central bank bases analysis on BCBS research