Central Banks
Two women appointed to top BoE committee
Julia Black and Jill May will sit on the Prudential Regulation Committee
SNB should clearly assign policy tools, IMF report says
SNB can avoid impression of exchange-rate targeting through better communication, says IMF
Spain’s GDP growth set to decelerate – central bank
Waning monetary policy impact, higher oil prices and lower regional expansion behind deceleration
Experts warn Mexico’s peso defence could be costly
Risks on the horizon prompt concerns around the Bank of Mexico’s approach to forex volatility
IMF forecasts lower US growth than Fed, Congress and White House
Stimulus expected to yield higher growth in the short term, but the benefits are likely to fade away from 2020
Italy’s trial
Francesco Papadia argues Italy is likely to suffer financial and economic damage under its new political leadership, but will still not leave the euro
People: Bank of Canada deputy resigns and returns to San Fran Fed
Nigerian president nominates new deputy governor
Argentine finance minister becomes central bank governor as crisis deepens
Sturzenegger resigns as Argentine government says it expects IMF aid package soon
Bundesbank forecasts German growth will continue
Fiscal expansion will support aggregate demand in coming year, says Bundesbank
BoE’s profits dip on higher banknote and research expenditure
But total expenditure comes in below budget due to lower headcount than expected
BoJ cuts inflation estimate as it holds rates
Goshi Kataoka is sole MPC member to call for looser policy
Fed acts to limit largest banks’ mutual exposures
Largest banks in the US face limits on their exposures, but smaller banks are exempt for now
Trump’s fiscal policy threatens emerging markets – Lagarde
Looser fiscal policy could increase market volatility and worsen global imbalances- IMF chief
Bank of Thailand allows securities firms to provide forex trading services
Central bank says rule change will improve market flexibility
ECB commits to tapering bond purchase programme
Unanimous decision says bond purchases will taper if data confirms medium-term outlook
China eases restrictions on foreign investors
New rules allow qualified foreign investors to move funds more freely out of China, a step forward on capital account liberalisation
Tunisia raises rates by 100 basis points to tackle inflation
Despite hike, real rates remain negative; international reserves decline to 71 days of imports
Woodford shows finite horizons matter when modelling
Removing rational expectations can change key economic results, says Michael Woodford