Central Banking
PBoC looks into narrowing interest rate corridor
Central bank elaborates on recent changes to monetary policy framework
Neural networks are ‘powerful tool’ for non-linear analysis – paper
Machine learning technique highlights downsides to inflation target ranges
Central banks need to avoid ‘overconfidence’, says RBA’s Hauser
Deputy governor warns against 'false prophets' when forecasting with point estimates
Honey, I shrunk the Fed. (Not a sci-fi fantasy)
Promoting the discount window may be the Fed’s key to shrinking its $7trn balance sheet, says Bill Nelson
Bank of Uganda cuts rates by 25bp
Move comes despite inflation having risen for third consecutive month
Australian indigenous nation advances with digital currency
Birri Gubba dollar to be pegged to AUD and backed by assets including carbon credits
Estonia to adopt ‘rounding rule’ for cash payments
Central bank to phase out one and two euro cent coins as they are “too expensive to produce and handle”
Philippines to issue up to four more digital bank licences
New entrants must bring new services to the table, central bank says
Banxico cuts rates by 25bp in split decision
MPC says core inflation has been gradually falling, despite rise in headline figure
Central Bank of Kenya upgrades nowcasting platform
Package of forecasting reforms is part of ongoing policy “modernisation”
US’s indirect reliance on Chinese goods rises – NY Fed research
Study finds country’s largest partners are importing increasing amounts of goods from China
Sovereign debt in default fell by 1% in 2023 – BoC study
Research finds shift in lending away from Paris Club creditors towards China
Romania cuts rates by 25bp
Central bank expects inflation to decline “significantly” after revising projections
RBI holds rates as food inflation persists
Governor says better weather and improved agricultural yields should relieve price pressures
HKMA receives ‘broad support’ for plans to simplify banking system
Hong Kong’s de facto central bank says industry welcomes proposed switch from three tiers to two
Monetary policy has less impact on private credit – Fed research
Funding, ‘dry powder’ and fund returns for asset class remain high amid policy tightening
Protesters force Bangladesh Bank deputy governors to resign
Governor’s whereabouts unknown after demonstrations cause prime minister to flee
Grocery inflation caused by wages and raw goods prices – Fed study
Research comes as FTC launches inquiry into alleged price gouging by US retailers
Customer verifications have slashed fraud across Europe – ECB, EBA study
Problem greater in non-EEA countries with looser security requirements, says research
Central Bank of Kenya cuts rates by 25bp
First reduction in more than four years comes as inflation declines and CBK issues new banknotes
CBDCs amplify contractionary effects of monetary shocks – BoC paper
However, research finds no substantial change to transmission mechanism
PBoC stops injecting short-term liquidity
Decision adds to central bank’s recent efforts to tame rally in long-term government bonds
Major UK banks better placed for resolution, says BoE
Central bank publishes new assessment on institutions’ resolvability in the event of failure
Too soon to declare victory on inflation – World Bank report
Economists say central banks should proceed with caution to avoid upside risks