Central Banking
Knot warns of drawbacks of negative rates
Consumers are increasing their savings rather than their consumption
Chinese banks probably concealing NPLs – Finnish paper
“Hidden NPLs” particularly common in large and well-capitalised banks, researcher argues
Major central banks ready to respond to coronavirus
Fed, ECB and Bank of Japan say they are willing to act; central bank events disrupted
Canadian mortgage tweaks may add to housing imbalances – economists
Government’s policy change likely to lower qualifying hurdle for mortgages in the near term
BIS paper lays out ‘crucial’ design choices for CBDC
Challenge is to design a currency that balances credibility and convenience, says Hyun Song Shin
Cunliffe spells out key questions to answer before launching CBDC
If central banks are to issue digital currency, they must think hard about the design, BoE deputy says
Policy responses to Covid-19
The coronavirus outbreak poses a real threat to the global economy, writes Sayuri Shirai
Green finance needs better data, Visco says
Bank of Italy’s portfolio has improved since it began examining ESG scores, governor says
RBI economists build nowcast using dynamic factor model
Model closely tracks recent slowdown in activity, authors say
South Korean central bank tests blockchain for bond markets
Bank of Korea is the latest to test DLT-based system for transactions
IMF warns Zimbabwe’s economy is in crisis
“Deep humanitarian crisis” likely as authorities fail to reform or work with donors, IMF board says
BoE announces new centralised data platform
UK central bank teams up with Autorek for two-phase project
Did the Riksbank abandon negative rates too soon?
In January, a key inflation measure dropped sharply. Policy-makers face difficult choices if inflation does not recover
Fintech creating data gaps, BIS survey finds
New players do not always fit neatly into current statistical frameworks
Chinese spillovers may push global prices down- Finnish paper
Researchers find that Chinese economy has significant influence on global prices
IMF staff says Congo must stop central bank financing
Report warns reserves are being eroded and says government must repay central bank
Riksbank research looks at older workers in Sweden
More old people may remain in labour force due to changes in laws, researcher says
New body will share EU intelligence on cyber-threats
ECB, Europol and the EU Agency for Cybersecurity join forum to share cyber security information
Finance firms must take further steps on climate change – Carney
BoE governor calls for broadening of climate effort, including push for better risk management
Bank of Mexico cuts growth outlook on virus fears
Central bank says future growth is highly uncertain after Mexican economy contracted in 2019
Norway’s SWF achieves record growth
Government pension fund expands by 20%, boosted by strong US equities markets
People: Panama’s sovereign wealth fund elects first female president
Bank of Spain elects new financial stability head; Liberian governor to head West African group
Trust is crucial to eurozone interbank markets – ECB paper
More bank failures or longer-lasting crises lead to smaller interbank markets, researchers find
Cash usage falling rapidly in Denmark
Share of the population not carrying cash doubled from 2017 to 2019