Growth
ECB unlikely to commit to QE end date in June meeting
Most economists expect gradual reduction of asset acquisitions, and an open-ended programme
Andy Haldane rethinks traditional growth narrative
New research implies growth did not “flatline” before the industrial revolution
SBP devalues rupee again as reserves dwindle
Two years on from its last IMF rescue package, Pakistan is again experiencing balance of payments troubles
Book notes: Edge of chaos, by Dambisa Moyo
John Chown applauds Moyo’s analysis of how the current democratic framework is failing
Europe needs banking union to counter slower growth - Danish governor
Ageing population may slow GDP growth by 0.5% annually in coming years, Rohde says
Bank of Botswana urges government to reduce reliance on diamonds
Central bank believes demand for commodity is likely to dwindle in the future despite global recovery
Labour supply elasticity may hamper wage growth – Riksbank’s Ohlsson
As economic demand rises it can be satisfied by a higher number of workers
PBoC’s Yi dampens market excitement on liberalisation
China rolled out series of liberalisation measures in recent months, but further action will only be gradual, says central bank governor
Brainard says yield curve inversion may not presage recession
Flatter yield curve “may temper somewhat” fears of a coming recession, says governor
Bank Indonesia announces second rate hike in two weeks
First meeting under new governor reflects central bank’s focus on currency stability
Colombia still has room to cut rates if recovery falters – IMF
Fund praises monetary policy regime as factor anchoring inflation expectations
UK statistics authority disagrees with BoE on snow impact
ONS says snow had limited impact on Q1 GDP, contradicting the BoE’s account
Turkish central bank carries out emergency rate hike as currency falls
Erdogan statements and emerging market sell-off put pressure on lira
Risk-based supervision focus report 2018
This first Central Banking journal focus report on risk-based supervision analyses how central banks, financial regulators and financial institutions can streamline efforts to meet onerous new regulatory and supervisory data requirements.
US sanctions Iranian central bank governor
Valiollah Seif and another senior official accused of transferring funds to militant group
BoE’s Broadbent apologises for ‘menopausal’ remark
Deputy made the remark while trying to explain the word ‘climacteric’ to a newspaper
US consumer inflation expectations are on the rise – NY Fed
Median one-year price rise expectations increase to 2.98% in April from 2.75% in March
ECB stresses protectionist risks in economic bulletin
US administration announced plans to impose tariffs on steel and aluminium in March
Carney defends communications approach as BoE holds
Central bank criticised for apparent U-turn on rate hike; governor says majority of people in the economy are “not fixated” on the timing of a hike
Slowdown of US growth is temporary, Dallas Fed says
Despite weaker growth in Q1, the labour market keeps tightening and demand is solid
The IFF China Report 2018: The Bay Area Development
The Guangdong–Hong Kong–Macao Great Bay Area represents an effort to co-ordinate development to create globally competitive city clusters at the start of the Maritime Silk Road in southern China. These efforts are focussed in particular on innovation,…
High-frequency data could improve GDP estimates – RBI researchers
Initial data releases tend to be revised upwards, the authors find
BoJ drops timeframe for achieving inflation target
Bank has postponed target for achieving 2% inflation six times since 2013
Reducing the regulatory burden
Former Federal Reserve Bank of New York senior vice-president Kenneth Lamar discusses risk‑based reporting, its challenges and whether fintech will help reduce the regulatory burden.