Central Banking
IMF report: Kazakh central bank split is opportunity to boost independence
Central bank needs stronger governance and greater separation from government, staff say
US Democrats strongly criticise regulator
Some lawmakers accuse OCC head Otting of ignoring Congress over controversial lending proposals
Chilean central bank holds rates, citing uncertain outlook
Central bank warns of impact of fall in demand for Chile’s major export as mass protests continue
BIS calls for wider adoption of FX Global Code
Some industry participants question the benefits of voluntary principles
BoE holds rate at Carney’s last MPC meeting
Carney says he has “no regrets” on monetary policy as MPC cuts growth forecast
Economics Nobel winners feature in new podcast series
Sveriges Riksbank supports interviews featuring Richard Thaler, Angus Deaton and Paul Romer
Bank of Canada paper looks at risk in securities dealing
More complex dealer networks can increase probability of settlement failure, researchers find
IMF delays Argentina forecasts due to uncertainty
Current forecast shows economy contracting by 1.3% in 2021 and inflation falling to 17%
Podcast: fintech predictions for 2020
Will cloud technology become mainstream? Is artificial intelligence the future of regulation? Rachael King and Adam Csabay make their fintech predictions for 2020 in the second episode of Tech Talk
Fed leaves monetary stance unchanged but tweaks IOER
FOMC also announces updated plans on its balance sheet and repo market interventions
Riksbank’s Skingsley calls for other policy areas to support monetary stimulus
First deputy governor says Swedish central bank has tools to react to future recessions
Argentinian central bank willing to finance external debt
Institution commits to maintain positive real interest rates in order to foster price stability
IMF praises Somali reforms and says debt relief is possible
New agreement between IMF and Somali authorities prioritises central bank development
BoE’s close rate call: what to watch
Markets had priced in 50% chance of a cut, but several economists say easing looks unlikely
RBNZ economists look to improve GDP statistics
“GDPplus” has several advantages over standard GDP statistics, authors say
Lesotho cuts interest rates to 6.25%
Central bank reduces rates and lowers reserves target on back of weaker domestic outlook
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
Risky markets had a ‘spectacular’ 2019, IMF officials warn
Largest combined number of rate cuts since 2008 drove financial vulnerabilities, senior officials say
ECB reveals large banks’ individual capital requirements
Enria warns banks to improve profitability, saying “challenging environment” will not change soon
People: Bank of Italy appoints deputy governors
Two deputies join Bank of Italy board; Japanese PM nominates policy-maker; Mel Stride to chair BoE oversight committee
RBNZ supports plan for ‘fallback’ benchmark rate
New Zealand’s benchmark rate-setting body selects the central bank’s policy rate as fallback option
ECB’s Mersch warns of negative side-effects of ultra-loose policies
Policies may be contributing to risk-taking, high asset-price inflation and inequality, board member says
Kuwait’s central bank should relax rate caps – IMF
New legislation will encourage nationwide credit rating system, fund staff say
Fines given by UK FCA ballooned in 2019
UK regulator dishes out fines for AML breaches, mis-selling and poor treatment of consumers, but watchdog also falls short on own pension responsibilities