Central Banks
Macro-prudential forex rules may shift vulnerability – BoE paper
Study of forex rules finds they may succeed in their primary goal, but shift risks elsewhere
Pakistan turns to IMF for aid
Country’s debts to China could spark political concerns
Paraguay central bank bids farewell to Valdovinos as Sienra takes helm
Administration change prompts Valdovinos’s exit from the central bank after five years of service
Lagarde defends rate hikes as Trump calls Fed ‘crazy’
“I think the Fed has gone crazy”, US president says
Central Bank of Bahamas lagging in independence and transparency – IDB
Independence and transparency influence the central bank’s credibility in controlling inflation, economist says
Williams says Fed policy is almost normal
In achieving Fed’s mandate, “this is about as good as it gets”, New York Fed president says
IMF calls for fiscal consolidation in anticipation of next crisis
As global financial conditions tighten, emerging economies record higher corporate and sovereign debt
Haldane examines ‘puzzling pattern’ of weak wage growth
Average weekly wages are now lower than before the crisis, in real terms
Zimbabwe’s central bank struggles to stem bond note crash
Government economist claims central bank has resorted to printing money
Lower bound not a big constraint for the Fed – paper
Risks of Fed being constrained in the future are “greatly overstated”, author says
IMF reports growing global financial risks
Supervisors must remain vigilant on risks developing in new areas, IMF says
Former Sarb governor assumes finance minister role
Tito Mboweni succeeds Nene but opposition party questions his “radical views”
BIS paper finds trade-off in forward guidance
Forward guidance may deter economic growth, authors say
BoE calls on EU to act on Brexit stability risks
Failure to act could disrupt $90 trillion of derivatives contracts, central bank warns
Israel keeps rates unchanged to support inflation
Central bank expects price rises to be below target in the coming months
IMF cuts global growth forecasts
Likelihood of further negative shocks has risen, warns Maurice Obstfeld
UK payment service providers at risk under ‘no deal’ Brexit
Payment service providers risk being locked out of Target2 and Sepa