Central Banking
Sustainable development: central banks taking the lead
For those still sceptical about the financial sector’s commitment to progress on sustainable development goals and to taking all possible steps to tackle climate change, 2024 has shown that central banks, financial sector regulators and supervisors are…
No ‘compelling case’ for changing liquidity rules – BIS’s Restoy
There are other ways to promote stability, says chair of Financial Stability Institute
Advancing monetary policy tech in the new economic landscape
Central banks face unprecedented challenges in adapting their models to the demands of repeated and interacting crises – polycrisis, as some call the current moment – and high levels of uncertainty. This white paper explores how central banks can deploy…
Capital markets union faces ‘death by a thousand cuts’ – Lagarde
ECB president tears into European leaders’ inaction over innovation and wealth creation
South Africa makes 25bp cut
Central bank stays cautious but continues easing cycle amid slowing inflation
Turkey holds rates at 50% for eighth consecutive month
Analyst says central bank’s cautious positivity about disinflation points to December cut
As a population ages, impact of deflation worsens – BoJ study
Research says falling prices inflict greatest harm on young people
Sweden should modernise retail payments – Riksbank study
Clearing infrastructure needs update and card settlement warrants reform, researchers say
UK inflation could stay closer to 2% than forecast – BoE deputy
Dave Ramsden presents evidence that disinflation could continue its recent trend
Barr defends easing of Basel III endgame proposal
Fed’s top regulator says he will stay and finish the package, is comfortable with capital impact
Fifth review: done. How Ukraine set a record in passed IMF reviews
NBU governor Andriy Pyshnyy says unlocking funding has become a matter of survival for his country
Banxico ops chief confident on swaps reference rate transition
Major exchanges to introduce TIIE de fondeo on November 22, with derivatives liquidity expected to grow
Basel Committee to build ‘day-to-day’ supervision toolkit
“Suite of practical tools” will draw on lessons learned from 2023’s banking turmoil
The GFXC chair on the next steps for the FX global code
Global FX Committee chair Gerardo García speaks with Christopher Jeffery about updating FX best practice, improving buy-side engagement and revising settlement risk estimates in the BIS’s triennial survey
Rate hikes affect manufacturing economies more – Fed study
Authors find similar effects across eurozone and in US at county level
Cipollone calls for team spirit to combat cyber attacks
ECB board member says supervisors and industry will need to collaborate more to tackle growing threat
Canada’s GDP revisions ‘raise questions over monetary policy’
However, experts disagree on whether central bank’s modelling was flawed and if it cut rates too quickly
Bank of England to review UK clearing rules
Broader collateral set and greater margin transparency could be adopted from Emir 3.0, but not active accounts requirement
Iceland cuts rates by 50bp
Inflation continues to decelerate but GDP growth is revised down
Hungary holds rates again
MNB remains hopeful about 2025 as economy slides into recession
Decentralised crypto exchanges dominated by big players – paper
Research argues that simply removing intermediaries is not enough to democratise finance
Bank Indonesia holds rates as rupiah weakens
Bank says inflationary policies under Trump would boost dollar and lead to fewer Fed rate cuts
Nature loss is key metric for supervisors – ECB board member
Elderson says central banks need to develop better ways to measure its impact on financial stability
Securing sound deposit protection in East Africa
There is a need to revisit legal frameworks to adopt risk-adjusted premium regimes and establish more comprehensive deposit insurance systems in the East African Community, write Gilbert Nyatanyi and Gloria Tengera