Central Banks
Senior Fed officials differ on monetary policy
Bullard says last rate rise “may have overdone it”, but Bostic “not super-concerned”
Nepal’s central bank bans Chinese mobile payment platforms
Alipay and WeChat Pay banned; foreign payment services must register in Nepal
BIS paper models dollar’s debt dominance
“Debt view” of dollar dominance has empirical support, authors say
Cambodian central bank voices concerns over possible Chinese spillovers
Central bank fears a sharp drop in property market could trigger financial system risks
Bank of Israel wins Supreme Court case on banknotes
Justices advise private ATM operator to drop case against central bank
Swift announces trials with ECB instant payment system
Linking “Swift gpi” to ECB’s Tips will greatly reduce delays in settlement, consortium says
IMF publishes first review of programmes since financial crisis
Directors say growth assumptions are often unrealistic and call for closer look at debt restructuring
Bank of Jamaica continues with monetary easing
Central bank has now lowered rates three times this year and cut reserve requirements twice
Cyber crime is ‘present danger’ for financial system – BoE deputy
Sam Woods emphasises need for more widespread stress-testing of cyber security
Powell plays down fears about record levels of corporate debt
Fed chair’s remarks strike similar chord to those of Ben Bernanke in 2007, but Powell says this time is different
BoE seeks to make financial stability more transparent – Brazier
Policy-makers look to improve communications and design tests more systematically
BIS paper finds cross-border links between monetary and macro-pru policy
Authors discover “significant interactions” between policies
RBA eyes rate cut as growth and inflation disappoint
Trade tensions and weak household income hamper central bank’s previous plan to tighten policy
Book notes: The third pillar, by Raghuram Rajan
Rajan sets out an ambitious – but deliberately non-radical – manifesto for reform at the local level
ECB criticises revised Romanian tax law
New proposals could harm banks and distort lending, ECB says
New Zealand banks attack RBNZ capital proposals
Central bank proposal would almost double banks’ minimum capital requirements
SBP hikes to 12.25% as inflationary risks grow
Government has been borrowing heavily from central bank and rupee has weakened
Israeli banks and households resilient to higher rates and unemployment
Housing market withstands adverse scenarios in macroeconomic stress test