Central Banks
BoE’s Woods sees value in ditching EU-style rulemaking
Detailed legislation behind banking regulations may be unnecessarily restrictive for UK, says PRA chief; post-Brexit harmonisation with Europe could still cause problems
RBNZ: New Zealand’s biggest bank cannot use own risk capital model
New Zealand central bank says ANZ had “a persistent failure in its controls and attestation process”
Bank of Italy paper looks at impact of long-term rates
Long-term rates have significant impact on Italian banks’ risk appetite, researchers find
Israel’s banking system resilient to geopolitical shock, governor says
Recent stress tests measured impact of geopolitical shock on domestic economy
Reserve Bank of Malawi cuts rates to 13.5%
Central bank lowers inflation forecast while raising GDP growth forecast
Weidmann warns trade war likely to hurt US more than Germany
Bundesbank president says policy normalisation should continue
Don Kohn offers advice on macro-pru under uncertainty
BoE looks at wide range of indicators but could still do more, FPC member says
RBI unveils vision for e-payments overhaul
Central bank says next 10 years will see “revolutionary shift” in payments across India
El Salvador central bank launches statistics app
Central bank says app designed to improve accessibility of economic data
Bank of Jamaica lowers reserve requirements further
Second reduction this year could be conflicting with currency concerns
New IMF data reveals non-banks drive capital flows when global risks rise
Evidence can be used to analyse how changes in industry mix can impact capital flow volatility, researchers say
Trade protection leads to recessions in the long run – Bank of Canada researcher
Some policies can provide temporary booms in the short run, Yuko Imura finds
People: Zimbabwe governor given second term
Patterson steps down as Bank of Canada deputy governor; Romanian deputy becomes IMF rep
IMF and World Bank develop system to support debt management
System provides methodology and analytical tools for countries in the process of adopting these techniques
Willingness is not enough to achieve equality – BoE’s Place
COO says she has changed her views on what needs to be done to achieve gender equality
Risk of hitting ZLB in next three years is low – San Francisco Fed paper
ZLB should not be a concern for monetary policy at this stage, researcher says
Norway’s revised budget adds to pressure for tightening
Analysts think higher public spending could reinforce Norges Bank’s tightening cycle
Quantitative easing: a never-ending story?
The Federal Reserve is cutting the size of its balance sheet, but is unlikely to reduce it to pre-crisis levels due to fears about financial stability. It also appears to have kept its floor system for the same reason