Europe
Central banks’ average import coverage ratio falls further
Upper-middle income institutions tend to have a higher ratio
Reserve management staff salaries increase by almost 6% from last year
Staff in Europe remain the best paid globally
Managers divided on sanctions effect on US dollar as reserve currency
Over 43% say it will weaken its status, but nearly 40% say it will not have meaningful long-term impact
Eurozone industrial activity likely to decline, analysts say
French and Spanish increase is unlikely to offset German contractions, observers argue
Eurozone inflation expectations remain stagnant
Consumers’ 12-month expectations remain unchanged at 3.4%
Eurozone soft landing depends on Phillips curve – Schnabel
Executive board member says evidence is hard to read, calling for “robust” policy-making
ECB paper explores best response to inefficient capital flows
Exchange rate pass-through is key to whether policy should tighten or loosen, authors find
Almost all central banks run stress tests on lenders
Most respondents say they conduct tests more than once a year
Lagarde envisions new model for world of ‘shifts and breaks’
ECB chief predicts bigger supply shocks and relative price swings in future
Housing markets worry high income countries’ central banks
Middle income countries point to inflation and cyber crime as sources of risk
ECB: from a supply to a demand-driven floor?
Eurozone’s central bank expected formally to abandon corridor in forthcoming operational framework review
Most central banks say cross-border cyber co-operation is good
Respondents from upper-middle income countries most likely to say co-operation could improve
Most central banks report rise in cyber attacks
Majority say they co-operate well with other agencies on cyber risks
Central bank communicators at a time of transparency
Specialists discuss the evolving roles of comms staff in the policy-making process
Most central banks say AML/CFT co-operation is good
Small minority of institutions face problems working with domestic or foreign partner agencies
High income countries’ central banks more likely to say AML/CFT risks are rising
Majority of institutions from middle income countries say money laundering risks have not risen
Central banks in high income countries less likely to want NBFI reform
But many central banks in middle income nations want regulatory changes
Bank resolutions averaged 1.8 cases in last decade – central banks
Lower-middle income countries report higher mean number of resolutions
Most central banks operate in jurisdictions with deposit guarantee schemes
Few operate their country’s DGS, and some are working to reform schemes’ design
Reserve requirements and countercyclical buffers are most common macro-pru tools
Dynamic provisioning and limits on credit growth are least-used measures
Should the ECB worry about divergent inflation?
Economists say widening readings across eurozone show lingering effect of energy price shock
Europe unlikely to see major gas shortage this winter – research
Risks remain if alternative sources of natural gas falter, says Fed economist
Financial stability resources are sufficient, most central banks say
Some say they need to improve access to data, training and specialist staff
Man on a mission: Axel van Nederveen, swaps evangelist
EBRD treasurer spreads the good word about local currency derivatives markets