Central Banks
Central bankers from Americas respond to Trump’s tariff shock
Canadian, Mexican, Colombian and Fed governors speak of post-Covid realities at BIS conference
Banks’ leverage ratio ‘over-calibrated’, says Fed’s Bowman
Heavy capital requirements causing illiquidity in Treasury market, governor says
Mutual fund investments support green transition – BIS paper
Study of the impact of news on investment flows finds funds are not guilty of “greenwashing”
Eurozone ‘not in a recession at all’ – Cipollone
ECB vice-president says there is “room to cut”, digital euro work continues and bitcoin is not gold
Bank of England cuts policy rate by 25bp
Impact of US tariffs on UK monetary policy remains unclear, MPC says
Fed vice-chair says rate cuts most likely over medium term
Jefferson says inflation and labour risks are in balance and cautions against immediate policy shift
Thailand resumes selection process for central bank chair
Position on BoT board set to be filled after months-long delay caused by political dispute
Monetary policy can harm its own transmission – IMF paper
Impact on mortgage choices means easing can weaken pass-through in future
Rates round-up: Albania, Iceland, Macedonia, Moldova, Poland
Energy prices, geopolitical uncertainty begin to bite non-eurozone countries
Bank of Japan official reaffirms rate hike path
BoJ’s journey to policy normalisation continues as wage growth stays strong
Police arrest treasury officials over Bank of Uganda heist
Central bank said it has recovered more than $8 million of $16.9 million in diverted payments
Bangladesh Bank seals officials’ lockers
Move comes after investigators find allegedly undeclared assets in ex-deputy governor’s lockers
Tightening increases instability after supply shocks – IMF study
Authors say when other tools are too costly, rate hikes should be less aggressive
Fed can afford to wait on rates, say regional heads
Atlanta and Chicago presidents say uncertainty over economy means it’s too soon to talk of more cuts
Focus on rates for policy, keep QE for crises – Carstens
BIS general manager says expanding objectives could “undermine credibility and independence”
Brazil to enable Pix for contactless instant payments
BCB-managed platform to have point-of-sale function by late February
RTGS extensions often happen gradually – BIS-authored study
Authors say extended operations can increase risk of fraud in late hours
Trump reverses course on Fed decision
US president says central bank was right to hold rates in January
New governor takes over at Bank of Ghana
Johnson Pandit Asiama assumes office as predecessor takes terminal leave ahead of retirement
US sanctions may create demand for Eurodollars – NBER paper
Economists compare today’s market to the one that emerged during Cold War era
Branching paths: the Czech National Bank’s many modelling options
Three external reviews each recommended a different combination of models. The CNB now faces tough design choices, and must also decide how to upgrade its economic research