Daniel Hinge

2 weeks 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

4 weeks 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.

4 weeks 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

4 weeks 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

4 weeks 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.