Credit conditions
Data privacy laws can boost fintech lending – BIS paper
Study finds Californian law led to more data being shared with fintech firms
Dominican Republic cuts key rate by 50bp
Central bank expects headline inflation will have returned to target in May
Central Bank of Chile sets first counter-cyclical buffer
BCC also warns government could face financing problems
Defaults, reduced growth and less lending ahead, Fed says
Recent bank failures were caused by poor risk management, report finds
UK credit stress is rising, BoE official warns
David Bailey says financial firms “need to take action now” to prepare for higher defaults
Fed’s Cook says monetary policy is now restrictive
PCE and core PCE inflation both fall as Cook argues tight banking conditions could ease path
A troubling trilemma
Central banks need to tread a fine line as they serve as the economy’s police, fire brigade and paramedics
UK banks insulated from wider troubles, BoE says
Financial policy committee “closely monitoring” events but says capital and liquidity are sufficient
Fed’s Bullard revises rate projection upward
Policy-maker says bank stress likely to fade but inflation fight continues
BoE tightens policy after inflation surprise
Hot February inflation figure prompted policy-makers to continue tightening
Fed raises rates 25bp and signals possible halt soon
Credit tightening may substitute for further rate hikes, Powell says
Georgieva backs flexible credit line for Morocco
IMF executive board to consider request for $5 billion facility
Israel political crisis sparks fears for economy
Bank of Israel governor reportedly convened financial stability committee last week
Non-banks tend to cut lending during crises – BIS paper
Evidence from syndicated lending suggests growth of non-banks could exacerbate crises
CBRT steps in with support for earthquake-stricken regions
Turkish central bank eases payment costs and credit conditions as rescue work continues
Credit constraints have small impact on housing market – paper
RBA economist revisits the effects of down payments on housing prices
‘Funding for lending’ may suffer side effects – BIS committee
Survey finds lending schemes tend to be effective, but firms may become dependent
China set to ease borrowing limits for ‘high-quality’ developers
New measure is part of a 21-point plan to support the reeling property sector
Paper explores development and monetary policy transmission
Financial development only improves transmission to some rates, Colombian researchers find
Some CCPs struggle in BoE stress test
First central counterparty stress test finds firms come close to depleting their buffers in baseline scenario
PBoC injects $15 billion into policy banks
This is the first time the PBoC has used the lending tool in more than two years
Philippine central bank raises capital requirements for rural banks
Rural banks’ association says the measure could hurt banks in low-income areas
Chinese authorities announce $44 billion stimulus package
Authorities increase funds to power companies and farmers as country suffers from multiple crises
PBoC urges big state banks to increase lending
Yi Gang summons bankers as PBoC says economy faces “critical moment’