Central Banking
BIS’s Borio warns of ‘troubling’ negative yields
BIS quarterly review highlights new peaks in negative-yielding debt and examines CLO risks
Economists propose solutions to Fed’s liquidity problem
New York Fed prepares for sustained series of interventions in coming weeks
BoE paper measures ‘market-implied’ systemic risk
“Shadow capital adequacy” shows how default risk impacts capital assessments
Cyprus central bank adopts Maps treasury management system
The system was built by Calypso and has been used by the Bank of Spain and Banque de France since 2016
Banks shy away from ECB’s first TLTRO III
Demand was “shockingly weak” says analyst, but firms are expected to increase their uptake in December
EU seeks to offer reassurance on Brexit clearing exemption
Commission can act quickly to stave off no-deal market disruption, insists official
People: Bank of Canada appoints new deputy
Bank of Canada promotes from within; BIS appoints regional chair; FCA names new executive
Costa Rica cuts rates for fourth time since March
Central bank adds to wave of more accommodative policy stances around the world
RBI’s Das weighs up external economic threats
India’s external sector is resilient, but capital flows have been volatile and trade weak, governor says
Rate round-up: Fed triggers further global easing
Fed cut prompts flurry of action, with many central banks hinting at a more dovish stance
Brazil cuts main rate to new record low
Policy-makers cite subdued inflation as they move rates down a further 50 basis points
Stablecoins raise ‘sovereignty challenge’, says de Galhau
French governor says rise of stablecoins highlights need for pan-European action on payments
Argentina sharply raises key rate floor to tackle rising inflation
Political uncertainty has boosted inflation since mid-August
New York Fed injects liquidity for third straight day
Operation was oversubscribed for second day in a row, with banks requesting $83 billion
SNB holds despite recent ECB and Fed easing measures
Swiss central bank increases threshold on banks’ deposits exempt from negative rates
Norges Bank bucks global easing trend with rate hike
Central bank’s third hike this year may be its last for some time, governor hints
Indonesia cuts rates for the third time in three months
Bank Indonesia has cut a total of 75bp this year after tightening 175bp in 2018
Barbados launches new statistics hub
Central bank simplifies data publications for “man on the street” and standardises bank reporting
Fed cuts rates and makes further ‘technical adjustment’
Fed doesn’t see funding pressure episode having implications for its ability to control rates
Timetable for BoE governor appointment thrown into doubt
Treasury Committee pushes finance minister to confirm plans or set out new timetable “immediately”
ECB’s Cœuré weighs stablecoin risks
Executive board member calls for improved global payment systems, while preserving global policy priorities
New York Fed provides emergency repo market support
Overnight rates surged on September 17, breaching the Fed’s policy rate target band
Brazil expected to cut rates to new record low
Below-target inflation gives central bank space to boost weak growth, analysts say
Economists use payments data to build high-speed indicator
Team says transaction-based metric gives quick insight into consumer spending