Central Banking
Bahamian central bank chooses start-up to spearhead CBDC project
The pilot currency is expected to be running by 2020, governor says
EMEs have limited policy independence if open to capital flows, researchers find
Alternative policy tools can be deployed to overcome the dilemma, the authors say
BoE increases euro supply and activates ECB swap line
Financial policy committee warns that no-deal Brexit risks financial instability
Technology in reserve management: Outlook for 2019
Reserve managers look to cloud for solutions, but security issues remain
Markets still in thrall to central banks – BIS
But some apparent anomalies may be signs of healthier market function, says Claudio Borio
Spain creates macro-prudential committee
New body will be chaired by economy minister, with central bank governor as deputy
Malaysia keeps rates unchanged on lower inflation pressure
Interest rates remain at 3.25% as lower oil prices keep headline inflation under control
BoE publishes revamped FPC communications
New approach follows the style of MPC announcements more closely
Central bank digital currencies need bigger incentive to succeed, researchers find
IMF paper estimates the potential demand for central bank digital currencies
Four candidates lead race to succeed HKMA chief
Candidates include three HKMA deputy chief executives and a deputy chief at the securities watchdog
Duterte picks government insider to lead Philippine central bank
Surprise choice for central bank chief rattles markets
Former governor arrested as Central Bank of Liberia probe widens
Milton Weeks and two current CBL officials are due to appear in court today
IMF board says Malta must tighten AML-CFT regime
Maltese Financial Services Authority needs better funding and more independence – IMF board
ECB warns draft Greek law could damage banks
Key details of measure are unclear but could be damaging, says ECB
Time running out for Brexit data compliance, Bailey warns
FCA head also highlights shortfall on Mifid trading venue equivalence
Trump criticises Powell over strong dollar
President complains about Fed’s rate hikes and quantitative tightening in driving up the dollar
BIS book outlines macro-financial policy framework
“Integrated inflation targeting” would combine policies for maximum effect, authors say
ECB paper analyses eurozone’s interest rate swap market
Trading is concentrated around a small number of core participants, researchers find
Central Bank of Sri Lanka must repair reserves buffers – IMF
IMF programme set to be restarted after political turmoil, but authorities have fallen behind on their targets
Eurozone lending constraints are effective but only after a time lag, researcher says
IMF paper looks at efficacy of tighter lending on curbing house prices and credit
Kuroda warns of more QE if yen continues to strengthen
But Bank of Japan continues to cut purchases of Japanese government bonds
BoE economists build news-based growth indicator
Newspaper articles can be boiled down to a useful early indicator of economic activity, they say
UK’s FCA unveils ‘near-final’ plan to cope with hard Brexit
EBA calls for further action on deposit insurance as the FCA aims to ensure regulations will still function
Micro variables are best warning signs for smaller Italian banks – BoI
Bank of Italy presents early-warning system for crises in less significant lenders