Interest rates
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
Trump claims Fed is giving China the upper hand
Chinese president “can do whatever he wants”, Trump complains
BoE officials say central bank still on course for a hike
Rate hikes still most likely course of action, but Brexit could drastically alter outlook; strong labour market data strengthens case for tighter policy
Chile’s central bank surprises markets with ‘out of the blue’ rate cut
Lower growth and weak commodity prices push board to cut rates by 50 basis points
Mexican currency under pressure over ratings downgrades
Fate of the sovereign is increasingly linked to struggling oil company Pemex
Norges Bank to administer Nowa benchmark rate from 2020
The rate is calculated based on data provided by 11 banks
BoE’s Ramsden calls time on Libor use
Deputy governor says progress on transition to Sonia benchmark needs to accelerate
Limited access to finance increased business exits in Great Recession – St Louis Fed
Illiquidity may have played a greater role than insolvency in business exits, researchers find
Kenya’s rate controls caused ‘collapse’ in credit – IMF paper
Caps undermined central bank’s control over signalling policy stance, researchers find
Colombian central bank suspends reserves accumulation
Board wants to assess the impact higher reserves may have on the peso’s exchange rate
Fed stands ready to act, says Powell
Federal Reserve will “act as appropriate” to sustain growth amid uncertainty from trade negotiations, says chairman
Narrow bank TNB hits back at Fed regulatory proposal
Fed overreaching by attempting to rewrite its chartering authority, TNB says; investment firm DE Shaw also reveals intentions to launch a narrow bank
Bullard says Fed may need to cut rates ‘soon’
Market-implied probability of a cut in September now above 80%
Australia cuts rates to record low
Weak inflation and declining property market push RBA to cut rates
Sri Lanka cuts rates as economy feels effects of Easter attacks
Economy was rebounding in Q1, but appears to have been knocked back, central bank says
Bank of Canada deputy stresses investment’s role in boosting inflation
Central bank halted rate hikes in late 2018 as growth and inflation weakened
Potential Fed nominee wants changes to interest rate policy
IOER hurts private sector entrepreneurialism and gives banks wrong incentive, Judy Shelton says
Bank of Canada on hold as policy-makers eye Q2 rebound
Strong job growth and recovering business investment contrast with trade tensions
Two top officials leave the New York Fed
Simon Potter and Richard Dzina step down after combined 49 years at the bank
Costa Rican central bank backs government’s external financing plans
Move would reduce pressure on domestic rates and boost economic growth, it says
Fiscal policy needed to tackle next crisis – Riksbank research
Low interest rates limits monetary policy influence, but opens the door to sustainable fiscal stimulus
Angola cuts rates by 25bp as inflation falls
Rate cut is Angola's third within a year
South African MPC narrowly votes to hold rates
Sarb cuts projected growth rates and expects looser monetary policy
Costa Rica cuts rates further following March reversal
Central bank concerned about downside inflation risks and slow economic activity