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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.
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4 weeks 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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4 weeks 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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4 weeks 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.
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4 weeks ago | 
centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Thomas Chow
A person’s income during retirement in the US is heavily affected by their citizenship status, according to research from the Federal Reserve Bank of Minneapolis. The study, published on April 14, finds that US-born retirees had almost 1.5 times the income of foreign-born US citizens and almost three times that of non-citizens. The author, Erick Garcia Luna, Minneapolis Fed director of regional outreach, used census data to draw his findings. He says foreign-born workers are less likely to use
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4 weeks ago | 
centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Thomas Chow
The Bank of Namibia maintained its repurchase rate at 6.75% today (April 16), citing economic uncertainty caused by shifts in global trade policy. In its statement, the central bank said changes in trade policies were likely to dampen domestic growth, including by bringing down global commodity prices. However, it added that this decline in prices would be offset by a weaker exchange rate. The bank said that holding the policy rate would also protect the Namibian dollar’s peg to the South African
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4 weeks ago | 
centralbanking.com | Thomas Chow |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
Tweet Facebook LinkedIn Save this article Send to Print this page New Zealand’s central bank will receive NZ$750 million (US$444 million) for its operating expenditure over the next five years, amounting to three-quarters of its current budget. In a statement published on April 16, the Treasury announced that it would reduce the budgeted operating expenses for the Reserve Bank of New Zealand (RBNZ) by around 25%.
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4 weeks ago | 
centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Thomas Chow
Tweet Facebook LinkedIn Save this article Send to Print this page Differences in inflation between individual US states have been growing since the early 2010s, a study by the Federal Reserve Bank of San Francisco has found. The study, published on April 7, says these dynamics have implications for the effectiveness of monetary policy. National-level data, it adds, does not reflect the lived experiences of individual states.
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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 Small and medium-sized enterprises in the US have said they expect to pass on the additional costs from tariffs to consumers, according to research from the Federal Reserve Bank of Boston. The study, published on April 10, draws on findings from a survey of businesses conducted in December and January, when tariffs were generally expected to be lower than has so far proved to be the case.
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1 month ago | 
centralbanking.com | Thomas Chow |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
Policy-makers should factor in country-specific geopolitical risks in their supervision of financial institutions, the latest report from the International Monetary Fund says. On April 14, the institution, published the second chapter of its semi-annual Global Financial Stability Report, which focuses on how geopolitical events affect asset pricing. The report says that although prices on average react “modestly” to geopolitical events, the reaction “varies significantly” across different types of
