International Monetary Fund (IMF)
Open economies less affected by low rates due to ageing populations – IMF
Older societies are prone to save more and consume less, which reduces inflationary pressures
People: Bank of Spain governor nominates new deputy
Governor nominates first female candidate to deputy role; central banks in Colombia and Seychelles get new board members; IMF appoints new legal head
IMF calls for Guinea central bank to cut government financing
Central bank must build up currency reserves and follow rule-based intervention strategy
Venezuela will give oil reserves to central bank and slash zeroes from currency
Central bank will have control of basin with 29 billion barrels of oil, president says
IMF warns of global risks from US fiscal expansion
Faster policy tightening by Fed could harm emerging economies, Obstfeld says
People: Maurice Obstfeld to retire from IMF in December
Macau reappoints monetary authority chairman to one-year term
The data commons: Taking big data global
The International Monetary Fund’s first-ever overarching strategy on data aims to spread big data expertise among fund members. Louis Marc Ducharme discusses the upcoming challenges.
Peru central bank clashes with IMF over communication
Central bank says it has no plans to modify communication given success of guidance
G20 warns against protectionism
Finance ministers and central bankers commit to support economy with fiscal and monetary tools
Trump tariffs could force Fed’s hand – IMF
US central bank could be forced to raise rates more quickly if tariffs force prices higher
IMF demands reinforced inflation targeting in Argentina
A new central bank charter should reinforce independence, fund says
FSB launches crypto asset monitoring framework
Metrics will focus on the financial stability risk of crypto market; much of the data will be pulled from public sources
Vietnam says it is “actively prepared” to intervene in forex market
Interventions have helped protect the dong’s value, but depreciation gathered pace in June
Weak US productivity behind low wage growth – IMF
Declining labour share of income is another contributing factor
Zimbabwe clears debt with IMF but hurdles to financing remain
IMF looks to extend debt deadline for Somalia and Sudan
Competitive housing markets fostered risk taking before crisis – IMF research
In areas with higher price volatility institutions lowered lending standards
Tunisia should focus monetary policy on tackling inflation – IMF
Fund completes third review of extended fund facility with North African country
Liberia’s central bank chief resigns amid reports of ‘government pressure’
Local media reports Weeks resisted government pressure to agree to loan financing
UAE plugs in to IMF’s enhanced data standards
IMF’s chief statistician hails the move as an “important step forward”
Eurozone requires both banking and capital markets union – panellists
Status quo is highly procyclical and hampers risk sharing, IMF conference hears
Eurozone governments’ post-crisis fiscal policies were ‘self-defeating’
Policies ended up being contractionary, IMF-organised conference hears
People: BIS appoints RBA’s Lowe to succeed Dudley on financial system committee
Lowe will chair committee charged with financial stability; IMF gets new media chief; and more
IMF says independent central bank is key to Argentine recovery
Argentine authorities agree to limit forex market interventions
People: China appoints new monetary policy committee
IMF’s general counsel retires; Czech National Bank appoints new comms director