Interest rates
China’s macroeconomy in the ‘new era’ of politics and power
Lou Jiwei, president of the National Council for Social Security Fund and former minister of finance of China, explores the three key aspects of China’s macroeconomic situation in the ‘new era’ of Chinese politics and power
BoE faces ‘uncomfortable’ approach to May meeting – Forbes
Former MPC member says pre-announcing a rate rise “could be quite dangerous”, as Mark Carney appears to row back from signalling a hike
Few US low-wage workers progress in labour market – Fed research
Only 5% had a better job within one year, and the group is more likely to become unemployed
PBoC cuts reserve requirement in bid to support lending to smaller firms
Move may be "precautionary" response to slowing growth – analyst
Fed’s Brainard warns of ‘financial imbalances’
Fed board member points to risks in high asset prices and business debt
Canadian households may be responding to higher interest rates - Poloz
Canadian governor says higher interest rates will be warranted “over time”
Central banks: the economy’s emergency responders
When economic infrastructure is destroyed during natural disasters, central banks spring into action, engaging contingency plans to ensure the economy continues to run
Real rates likely to move back up – BIS paper
Use of “shadow rate” allows authors to account for the effective lower bound
IMF warns of ‘bumpy road’ as rates rise
Financial stability outlook shows risks rising in the short run and “elevated” in the medium run
UK wage growth outstrips inflation
Lower unemployment and above-target inflation reinforce May hike probability
Riksbank should reduce balance sheet to avoid risks – Flodén
“Best way” of running down bond holdings is to hold bonds until maturity
HKMA buys HK dollar for first time in 13 years
HKMA chief says central bank is “fully capable” of defending local currency
The IFF China Report 2018: Post-financial crisis – A decade on
The Global Financial Crisis sparked Group of 20 countries to introduce tough new regulations on financial institutions and instruments. Yet the architecture of the global monetary, economic and financial system has many flaws. What lessons can China…
New York Fed lays out QE unwinding scenarios
Fed’s balance sheet is expected to stabilise between $2.5 trillion and $3.3 trillion
Central banks should personalise communications – BoE’s Haldane
Explaining how monetary policy affects the lives of everyday people could help bridge trust gap, the BoE’s chief economist says; calls for monetary policy ‘scorecards’
China's policy transmission increasingly similar to advanced economies – BIS paper
Authors say monetary policy surprises have “sizeable” effects on interest rates in China
Iceland is ready to drop final capital controls – Guðmundsson
Icelandic governor says economy is sturdy enough to allow the removal of the remaining controls
Eurozone inflation rises in March
Prices rose year on year by 1.4% last month, up from 1.1% in February
New York Fed launches rates replacing US Libor
New rates are calculated using actual interbank transactions
Macro-prudential policies cool Sweden’s housing market
Private debt continues to increase, but loan-to-value ratios are falling
Sarb alters interest rate forecasts to extend easing
Central bank sees three 25bp hikes between now and 2021
Balance sheet features impact global spillovers – NY Fed paper
International research effort finds banks’ business models affect the extent to which policy spills across borders
Bank of Ghana slashes rates as inflation moves towards target
Central bank continues an easing cycle that began in 2016, citing a “significant moderation in price pressures”
Fed policy should become more neutral – Bostic
As the economy operates close to potential and inflation approaches target, rates can be raised, the Atlanta Fed president says