Central Banks
Canadian official says mortgage rates not big cause of inflation
Kozicki says taking home loans out would make only small dent in core reading
Federal Reserve holds rates and revises projections upwards
Powell says path for soft landing has “widened apparently”
Colombian research offers advice on modelling Covid-19 shock
Pandemic is challenging to model due to its transitory impact, authors say
Pandemic may have altered US credit score reporting – paper
Government support and spending changes improved many individuals' ratings, researchers find
People: Former MAS managing director Hu dies
New chair for Kenya central bank’s board; new member of BoE court; and more
QE crowds out bank loans – NBER paper
Asset purchases generate “counterproductive” cut in lending to firms, authors find
PBoC holds key lending rates
Central bank official says data shows recent easing measures are taking effect
Few central banks expanded existing swap lines over the past year
Nearly one-third of new and existing lines are denominated in US dollars
Inflation battles often last more than five years, IMF paper says
Disinflations usually do not need prolonged falls in output, employment or wages
Carney derides UK ex-PM’s economic policy
Former BoE governor says cutting taxation does not automatically lead to growth
FSB proposes global standard to tackle failed CCPs
Report warns authorities not to rely on any single tool but adopt a “toolbox approach”
Critic urges UK to leave China-based lender
Treasury says UK will stay in AIIB as ex-official calls some employees “useful idiots”
IMF and World Bank to go ahead with Marrakech meetings
Leaders say they wish to stand by Morocco after earthquake killed nearly 3,000
Chinese police detain financial firm’s staff
Move came after property giant Evergrande’s financial arm missed payments for investment products
Trade in other currencies will reduce USD reserves share, say managers
Over 72% of respondents believe efforts to denominate trade in other currencies will have long-term effect
US ‘bitcoin ATM’ industry growing despite risks, research finds
Remittances are big driver of bitcoin-to-cash ATMs, but industry is predatory, paper warns
Hong Kong regulator moves against crypto exchange
SFC says JPEX is not regulated to trade in city as police arrest influencers linked to firm
Nigerian president nominates new governor after Emefiele resigns
Media reports say suspended central bank head resigned while in security service custody
Banks increasingly reliant on ‘flighty’ finance, BIS finds
Money market funds are taking on an even greater role as funding sources, research says
Aruba accuses Curaçao of regulatory failings
Spat between central banks comes amid ongoing problems with troubled insurer Ennia
External managers hired to set up new asset classes and train staff
Central banks also look to external managers to boost returns and access market intelligence