Daniel Hinge

London

Benchmarking Editor at Central Banking

Benchmarking editor at https://t.co/RAf2LBRmwo. Writing, slowly. I'm mostly on the other place now - join us! https://t.co/aW72SIryk8

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Articles

Obituary: Stanley Fischer, 1943–2025 - Central Banking

5 days ago | centralbanking.com | Daniel Hinge

Stanley Fischer, one of the most accomplished and influential central bankers of his generation, died on May 31 at the age of 81. Fischer’s contemporaries in the top echelons of global policy-making remember him as a formidable economist but also an unofficial ambassador for central banking, whose good humour and wisdom helped him unite a divided profession and navigate difficult political terrain. “Stan’s positive outlook enlivened our meetings and lightened the burden of our responsibilities,”
European central banks taking more active role in cash cycle

1 week ago | centralbanking.com | Daniel Hinge

Many central banks in Europe are taking a more active role in the cash cycle, even going as far as setting up their own automated teller machines (ATMs), as they try to resist a decline in cash infrastructure. Central bankers attending a roundtable organised by the International Mint Industry Association said their institutions were intervening to run parts of the cash cycle themselves. Heads of cash from the central banks of Austria, Finland and the Netherlands spoke of their concerns that
Strategic Planning Benchmarks 2025 – model banks analysis - Central Banking

2 weeks ago | centralbanking.com | Daniel Hinge

Central Banking published its first Strategic planning benchmarks report on May 15. The model banks analysis drills further into the data to highlight trends across income groups and central bank sizes. The data shows that most central banks operate a dedicated strategic planning unit, rather than spreading this function across departments. However, the unit tends to be small – fewer than five staff at the majority of banks. Larger central banks usually have slightly larger strategic planning
Working group minutes: refining forecast models

1 month ago | centralbanking.com | Daniel Hinge

Participants in Central Banking’s latest interbank working group discussed the challenges they are facing in addressing forecast errors and upgrading key forecast models. Economists from European central banks met virtually on April 24. All of their institutions were facing an uncertain outlook owing to the effects of US tariffs. This made forecasting particularly challenging, though high levels of uncertainty have been an issue for forecasters for several years. As small open economies, the
Trump and Powell’s war of words escalates

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.
ECB makes quarter point cut amid ‘exceptional uncertainty’

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
Turkey reverses easing cycle by raising policy rate to 46%

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
Amid tariff turmoil, banks warned not to fudge IFRS 9 overlays

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.
Bank of Korea holds rates at 2.75%

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
MNB to suspend controversial foundation

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