Official Record
Brazil’s MPC removes forward guidance
Rate-setting committee forecasts it will raise policy rate by 125bp during 2021
BoE adjusts stress-testing framework
Tests this year will be based on 2020’s reverse stress test, as banks face “ongoing operational challenges”
Eurozone inflation remains stuck at -0.3%
Year-on-year inflation first fell into negative territory in August 2020
FCA clamps down on consumer protection breaches
Nearly 10% of firms see application for consumer investments blocked, data reveals
New York Fed to establish ‘innovation centre’
Search begins for director, who will lead collaboration with BIS innovation hubs
SNB expects $23.5 billion profit in 2020
Profits on foreign currency positions account for $14.6 billion
Argentinian central bank puts cap on imported luxury goods
BCRA bids to preserve foreign currency as international reserves decline to $39.4 billion
FOMC members welcomed ‘outcome-based’ guidance on QE
Fed policy-makers emphasised importance of balance sheet being used flexibly, minutes show
Atlanta Fed creates new mortgage tool to track forbearance
Dashboard will provide policy-makers with data on which regions are using forbearance in response to Covid-19
Rwanda’s central bank may need to bolster support – IMF
Lack of fiscal space means central bank may be last resort, says fund report
Bank of Israel says rapid vaccination brightens outlook
Central bank leaves stimulus unchanged with rates at 0.1%
Denmark’s central bank says household wealth is higher than pre-Covid
Citizens are wealthier despite Covid-19, but wealth distribution remains uneven
Vaccine would speed up recovery, Bank of Uganda reports
Higher levels of NPLs and high lending rates are hampering growth, report says, but vaccine could result in swift recovery
UK’s FCA introduces climate disclosure rule
Nearly 500 firms will have to meet ‘comply or explain’ rule on TCFD recommendations
Fed keeps some limits on bank dividends
All banks keep above minimum capital ratios under second round of stress-testing
Netherlands Bank backs IFRS plans for global sustainability standards
Governor Knot stresses global standard will be of less use if development continues to lag
FCA fails to register crypto asset firms by cut-off
Regulator establishes temporary registration regime for firms which submitted an application on time
House price consideration could be added to mandate – RBNZ’s Orr
New Zealand’s governor argues house prices are not the remit of monetary policy
Bank of Israel to offer repos to non-bank credit providers
Measure is a bid to foster competition, and lower households and firms' financing costs
MAS strengthens fintech co-operation with Ghana and Hungary
Agreements will help connect SMEs and foster discussions around regulation and emerging trends
HKMA and PBoC begin technical preparations for digital yuan pilot
HKMA CEO Yue says cross-border e-yuan will offer additional payment options to locals
FCA details Mifid onshoring process post-Brexit
UK regulator has built equivalent systems to ensure firms can continue with Mifid reporting
Riksbank stresses pandemic’s unpredictability
Two board members thought it unnecessary to increase asset purchases, minutes show
RBI on hold as inflation outlook turns ‘adverse’
Central bank in a bind as supply problems drive up prices but growth still needs “nurturing”