Central Banks
PRA breaks new ground on climate risk supervision
BoE says it is the first regulator worldwide to set expectations for firms in tackling climate risks
Kazakhstan cuts interest rates under pressure from president
Cut to 9% comes just days after president ordered change
China’s new loans rebound as PBoC focuses on growth
PBoC maintains focus on growth but possibility of reserve ratio cut in April has eased
People: Saunders and Kashyap reappointed to BoE committees
BoE reappoints its most hawkish member to Monetary Policy Committee; RBNZ gains new chief economist; ESM appoints new audit board member
IMF’s Adrian says central banks should disclose climate risk exposure
Data gaps make it harder for central banks to set appropriate climate stress tests, he says
Consensus over Fed inflation target shifted during Great Recession – San Fran Fed
Up until the 2008 crisis, most FOMC participants preferred a 1.5% target, researchers find
St Louis Fed creates educational ‘multiplier effect’
Head of economic education at the St Louis Fed talks to Central Banking about its approach to financial inclusion
Irish central bank welcomes ‘culture board’ in bid to change banks
Board must enforce changes called for by central bank reports, Derville Rowland says
Draghi expresses concern over Fed independence
ECB governor says he is “especially” worried by events in US
Maduro regime arrests two central bank workers
Officials detained after meeting with Venezuelan presidential challenger Juan Guaidó
RBI’s Das questions convention of 25-basis point hikes
“Let me try and somewhat shock you,” says governor
Brexit muddies water in search for Carney replacement
UK chancellor says candidates are put off by the thought of having to debate politics
Pause in normalisation could be bad news for EMEs – Mexico’s Guzmán
A pause may create a “more complex and uncertain external setting” for EMEs, he says
Finding our way to the new Ibors
Richard Heckinger highlights possible pitfalls on the road to new reference rates
Hard IMF conditions deter borrowers from coming back – ECB paper
Researchers use data on most IMF programmes since 1992 to investigate “IMF stigma”
Venezuela removes eight more tonnes of gold from central bank
Regime could exhaust gold reserves in 2019 if sales continue at current rate
Powell asserts independence in speech to US lawmakers
Fed chairman says US must maintain global leadership
Denmark joins central banks’ green finance network
Network for Greening the Financial System is working to tackle climate change
Brazilian president unveils draft law to increase central bank independence
Draft law would give governor fixed term but nine similar measures have failed since 1991