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2 weeks ago | 
centralbanking.com | Daniel Blackburn
Tweet Facebook LinkedIn Save this article Send to Print this page Trade tensions have cast an inevitable shadow over the European Central Bank’s latest Financial Stability Review, which warns of an increasingly uncertain outlook for the eurozone’s economy and money markets.
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2 weeks ago | 
centralbanking.com | Daniel Blackburn
Since we spoke last year, Russia’s aggression in Ukraine has continued unabated. How would you assess the major challenges the National Bank of Ukraine (NBU) has faced since then? How have you responded, and has the risk-based approach that you’ve adopted been helping? The challenges have not changed much, because unfortunately the war continues. In 2024, we had further intense attacks on critical Ukrainian infrastructure and insane attacks by the Russian Federation on peaceful Ukrainian cities
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1 month ago | 
centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Thomas Chow
Tweet Facebook LinkedIn Save this article Send to Print this page Tensions between Jerome Powell and Donald Trump have escalated further over the past 24 hours, with the Federal Reserve chair criticising the administration’s trade policy and the US president calling for the head of the country’s central bank to step down.
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1 month ago | 
centralbanking.com | Levente Koroes |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
The European Central Bank today (April 17) cut rates by 25 basis points. The bank’s president, Christine Lagarde, said the ECB’s economic outlook was “clouded by exceptional uncertainty” given the upending of international trade by US president Donald Trump. Strikingly, the bank removed any references to the degree of restrictiveness of its monetary policy. At its previous meeting, it had changed the reference from its policy “remaining restrictive” to being “meaningfully less restrictive”. The
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1 month ago | 
centralbanking.com | Aditya Kumar |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
Turkey’s central bank today (April 17) raised its policy rate to 46%, up from 42.5%, in its latest attempt to calm the markets following last month’s arrest of a prominent opposition figure. The Central Bank of the Republic of Turkey (CBRT) also raised the overnight lending rate to 49% from 46% and the overnight borrowing rate to 44.5% from 41%. The bank had raised the overnight lending rate by 200 basis points on March 20, while leaving the policy repurchase auction rate and overnight borrowing
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1 month ago | 
centralbanking.com | Philip Alexander |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
Tweet Facebook LinkedIn Save this article Send to Print this page The uncertain effect of the US’s new tariff regime on the credit status of corporate borrowers is giving banks in Europe a headache. Lenders in the European Union must assess and adjust loan loss provisions every quarter to take account of changes in corporate creditworthiness under International Financial Reporting Standard 9.
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1 month ago | 
centralbanking.com | Thomas Chow |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
South Korea’s central bank today (April 17) paused its easing cycle again, as rising uncertainty from US tariffs put the need to stimulate growth on hold. In a 6–1 vote, the Bank of Korea’s monetary policy board decided to leave the base rate at 2.75%. This was the second time the board had held rates since beginning an easing cycle last October. In a statement, the board said domestic growth had been “weaker than expected” owing to “prolonged political uncertainties” and “deteriorated trade
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1 month ago | 
centralbanking.com | Levente Koroes |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
The Central Bank of Hungary (MNB) is in talks with the government to change its governing law, and thereby relinquish control over a controversial foundation it established in 2014. Speaking at an event on April 15, the bank’s governor Mihály Varga said the MNB was looking to “cleanse the bank’s profile”, which would mean narrowing its activities to focus on monetary policy. He added that the activities of the MNB’s foundations would fall outside this focus. Varga added that the MNB had reached a
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1 month ago | 
centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Thomas Chow
The Financial Stability Board (FSB) published the final version of its framework for reporting operational incidents on April 15. The format for incident reporting exchange (Fire) creates a standardised way of reporting cyber incidents and other operational problems. It is designed to aid international co-operation and help resolve fragmentation in reporting requirements, and thereby reduce the burden for firms that operate in many jurisdictions. Alongside the main report, the FSB released a
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1 month ago | 
centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Thomas Chow
Tweet Facebook LinkedIn Save this article Send to Print this page The US Federal Reserve should be patient and continue to hold monetary policy, the president of the Federal Reserve Bank of Atlanta has said.
