Central Banking
Eurozone bank productivity growth fell over last decade – ECB paper
Researchers try to quantify eurozone banks’ total factor productivity growth
Rate cuts support Australia’s economy – RBA assistant governor
RBA cuts rates to record lows in two successive months as GDP growth slows
IMF has no back-up plan to Fed swap lines
Financial counsellor says no plans in the works for emergency dollar funding backstop
Sterling’s fall boosted UK inflation - San Fran Fed paper
Prices of tradeable goods rose significantly more than non-tradable goods, researchers find
IMF warns Zambia over risks
Country must act fast over rising debt to prevent “disorderly” fiscal adjustment, IMF board says
Derivatives users split over legacy Libor swaps
CCPs say cleared swaps will move to new rates if Libor is no longer representative of markets
IMF sets up new monetary policy modelling unit
Fund responds to criticism from IEO report
BDF paper presents model for larger stress-tests
Model can be used to analyse impact of macro-prudential measures, authors say
ECB paper models eurozone’s vulnerabilities
Model can be used to predict build-up of major macroeconomic imbalances, researchers say
China discloses FX portfolio for first time
Report shows ratio of US dollar-denominated assets declined to 58% in 2014, from 79% in 1995
PBoC says new digital payment system is almost ready
New electronic payment system will use double-layer framework for digital currency
Malaysia takes action against 17 Goldman bankers over 1MDB
Custodial sentences and criminal fines sought in relation to alleged misappropriated funds
Erdoğan sidelines senior central bank officials
Move follows dismissal of governor Murat Çetinkaya in July
Shekel’s strength clouds Bank of Israel’s inflation outlook
Economists ponder whether central bank actions contribute to lower prices and what priorities it should consider in the near future
Australia could reach zero lower bound, says Lowe
Governor says RBA is open to unconventional monetary policy
ECB to assess Croatian banks in euro membership prep
Croatia could join the eurozone by 2024
Serbia cuts rates to record low due to falling inflation
Executive board highlights slowdown in global trade, growth and looser policies in major economies
Government assets are just as important as deficits – IMF research
Borrowing costs are determined by structure of public assets
Mauritius cuts rates to record low
Central bank cites China-US trade war, Brexit and falling inflation
RBI in fintech and 24/7 payments drive
RBI announces 24/7 electronic payments, anti-fraud registry and more
Belarus cuts rates to record low as growth falters
National Bank of Belarus has cut rates 15 times since 2016; ponders IMF assistance
London to remain major financial centre despite Brexit
Research at the Central Bank of Ireland highlights the “premium” the UK capital enjoys over other cities
Central banks need better crypto asset data to contain risk – ECB research
Links between crypto assets and regulated financial sector may increase and challenge regulatory frameworks; ECB creates own database
NY Fed splits markets group and seeks two EVPs
Monetary policy implementation to be split from markets group after Potter’s departure