Central Banks
RBA to shift to ‘ample reserves’ operational framework
New approach will be simpler to operate and reduce market volatility risk, assistant governor Kent says
Governors’ salaries tend to rise with country income
Low income developing countries less likely to disclose data
Federal Reserve posts largest operating loss ever
As of March 21, the Fed owed $157.8 billion to an accounting device, a “deferred asset”
Dallas Fed analysis explains puzzle of strong US economy
Authors say US has enjoyed favourable supply-side conditions that others missed out on
Rates round-up: Hungary and Moldova cut rates
Sweden holds rates but lowers inflation forecast
Digital money could boost Pacific island economies – IMF research
Loss of correspondent banking relationships may be offset by digital money infrastructure
PBoC chief urges Asian nations to push for IMF quota reform
Pan Gongsheng says a redistribution of quotas at the IMF is long overdue
‘No frowning’ on banks for discount window borrowing – Fed official
More banks have completed paperwork to access Fed lending facility than a year ago
African central banks most likely to manage sovereign wealth fund
FX reserve management, currency supply remain leading functions in most jurisdictions
BoE says risk of ‘sharp correction’ in asset prices has risen
Drop in asset prices could trigger renewed “dysfunction” in core markets, central bank says
US fiscal stimulus boosted vehicle price pressures – Fed research
Vehicle sales driven by consumer and small business stimulus, say Fed researchers
Anchoring inflation expectations increases FDI – research
Adopting inflation targeting also increases investment, researchers find
ECB economists highlight smooth quantitative tightening
Foreign investors are largest euro area securities holders, but households are buying more
Polish MPs move to bring Glapiński before tribunal
Government continues efforts to oust NBP governor despite major legal hurdles
Debt-related driving bans create instability – Fed research
Punishments disproportionately affect low-income and minority communities
Governors rarely removed by central bank boards
Ultimate responsibility broadly vested in heads of state, other government entities
Global Money Week aims for better money sense
OECD event aimed at boosting financial literacy receives attention in central and eastern Europe