Central Banks
Egypt strikes deal for increased funding from global banks
Central bank increases funding from repo operation to $3.8 billion
Stress tests are ‘most significant’ regulatory outcome of crisis – Hirtle
New York Fed official says stress tests created “safe environment” for banks to raise capital
Asia outlook positive despite growing risks, IMF reports
Sound policymaking should protect Asia’s prospects for staying at the forefront of global growth, IMF says
MAS adjusts exchange rate policy
Monetary authority only changes the slope of the policy band infrequently
Volatility in equities may soon influence Fed policy, says Moody’s economist
US equity sell-off may be due to Fed policy, says John Lonski
What is driving the drop in UK cash volumes?
The volume of cash in circulation in the UK has declined for the first time since 1960. Is this a sign the UK is moving towards a cashless society? Or just a blip in the trend?
Iceland to merge central bank and regulator
Reforms aim to boost trust in institutions by reforming monetary and macro-prudential policy
ECB board weighs external risks in policy meeting
Risks in growth outlook “broadly balanced”, ECB reports
Investigation takes aim at KPMG for mishandling South African bank
“Looting” of troubled VBS would not have been as bad had auditor acted lawfully, report finds
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