Central Banking
Turkish central bank raises rates unexpectedly
President Erdoğan dismissed previous governor for tightening monetary policy
BoE admits errors over audio leak
BoE dismissed warning over leak of audio and should have identified breach sooner, report says
Norges Bank holds rates over Covid-19 fears
Norwegian central bank expects rates to remain unchanged over the next two years
Riksbank will host Nordic fintech hub for BIS
Swedish parliament amends law governing central bank to finance BIS innovation hub in Stockholm
BIS paper models credit booms and busts
Authors outline heterogeneous-agent framework that could support macro-prudential policy
Is there a rift in the ECB governing council?
Mixed messages from Christine Lagarde were followed by sharp divergence among board members
Estimating the cost of a pandemic grant for the world’s poorest economies
The cost of support measures for vulnerable economies is manageable, says Steve Kamin, but political leadership may be lacking
Nigerian central bank cuts rates despite rising inflation
Country faces falling output and rising prices as general strike vote increases pressure
BIS paper delves into new fintech database
Authors investigate rise of “big tech credit” in many economies
Fed’s new framework has had little impact on expectations – NBER paper
Early evidence suggests few people heard the announcement and fewer understood it
People: Denmark names board member; interim chief quits UK FCA
Signe Krogstrup joins board; Chris Woolard to leave FCA after chairing review; MAS shuffles top ranks; long-serving central banker departs Bank of Namibia
RBNZ hints at further stimulus by the end of the year
Central bank says banking sector is on track to be prepared for negative rates
Sterling swap traders brace for new Sonia switch deadline
Covid delays force regulators to set new date for interdealer swap market to price off RFR
ECB to accept green bonds as collateral
Green asset purchases also possible subject to programme-specific criteria
Riksbank signals rates likely to stay at zero for several years
Central bank does not forecast negative rates, but doesn’t rule them out
Algerian president appoints fifth governor since 2016
Previous governor became finance minister in June as government faces severe economic problems
Fed presses ahead with financial inclusion reforms despite disagreement
OCC has already published a final rule and shows little sign of wanting to follow central bank’s approach
Eastern Caribbean Central Bank official says CBDC is ‘foolproof’
Central bank asks consumers to register for second stage of digital currency pilot
Australia’s central bank considering FX interventions, says Debelle
RBA is evaluating additional monetary policy tools, deputy governor says
Ukrainian governor defends key banking reform
Shevchenko tells court deposit guarantees must stay independent to safeguard banking reforms
Spread gap between green and grey bonds closing – BIS specialist
Measuring and incorporating sustainability still a challenge, says Omar Zulaica
Bank of Canada sets out pandemic-adjusted CPI methodology
Pandemic triggered rapid shift in consumers’ spending habits
Iraqi prime minister changes central bank governor
New governor pledges banking reform as finance minister warns country needs economic change
US citizens report better financial health than pre-pandemic
Financial wellbeing boosted by government support and return to work, central bank says