Central Banks
Mauritius postpones MPC meeting due to ‘administrative matters’
Central bank moves meeting to May 30 after prime minister appoints three new members to MPC, which is now at full capacity
South Sudan president sacks central bank governor again
Country faces “enormous economic and humanitarian challenges”, says IMF staff report
Fed nominees back regulatory efficiency drive
Nominees stick to efficiency line despite hostile questioning from some Democrats
Canada’s Project Jasper finds DLT is viable for securities settlement
Phase III of the project saw central bank cash and assets instantly settled across a DLT network where privacy is maintained
US consumer inflation expectations are on the rise – NY Fed
Median one-year price rise expectations increase to 2.98% in April from 2.75% in March
IMF releases world’s most comprehensive debt database
Data covers 190 countries and a wide range of instruments; Kenneth Rogoff calls the new database “really stunning”
Erdoğan plans tighter control over Turkish monetary policy
President says he is held accountable for policy, so should have more influence
Bank of England should have ‘green’ mandate – report
Activist group says BoE should be given explicit mandate which would see climate sustainability on par with price stability
The toxicology of post-crisis shadow banking
Mark Carney tempted fate in 2017 when he declared the most toxic forms of shadow banking “no longer represent a global stability risk”. Did he speak too soon?
Draghi renews calls for wider economic union in Europe
ECB head recommends fiscal backstop for resolution fund criticised by German policymakers
IMF recommends improved central bank communication in Latin America
Clearer policies and increased transparency could help to deal with future shocks
Lack of demand reducing cash use in Sweden – analysts
Riksbank paper says technological change is rapidly changing payment patterns in the country
Denomination matters for banknote demand – paper
Bank of Canada paper finds people make different choices when holding high-value banknotes
Climate change risks ‘already with us’ – BoE’s Breeden
Sarah Breeden urges financial firms to take action on both opportunities and risks
People: Nigeria gets two new deputy governors
Aisha Ahmad and Edward Adamu able to start work after political deadlock ends
Reserve managers cautious on renminbi, despite predicting rapid growth
Market liberalisation, government intervention and PBoC’s approach to new areas of investment are top concerns
Philip Lane on systemic risk, transparency and Brexit
The Central Bank of Ireland governor speaks with Dan Hardie and Chris Jeffery about transparency, shadow banking, ECB succession and tackling systemic banking risk in the eurozone
New Nigerian MPC members voice concerns over balancing act
Committee able to meet after lawmakers lift boycott of president’s candidates