Central Bank Announcements
Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
Trade Balance Subject to Global Headwinds in January 2019
Bank Indonesia and the Government will continue to coordinate for global and national economic developments and strengthen external sector resilience
Joachim Wuermeling: Brexit – implications for UK branches of German banks
The temporary permissions regime will mitigate the outcome of a possible hard Brexit. Nevertheless, thorough preparations by financial institutions are necessary.
Central Bank of Egypt’s overnight rate cut by 100 basis points
MPC decided to cut the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation by 100 basis points
The Brexit Discontinuity – Governor Philp R. Lane
Our near-term focus is in ensuring that our contingency planning covers the unfolding situation, while continuing to work with those firms that have not yet finalised their Brexit plans.
Central Banks gearing up for unseen scenarios for Brexit
While there remains much uncertainty, the Central Bank has been actively preparing for the full range of Brexit scenarios
Riksbank: rate unchanged at −0.25 per cent
Economic developments in Sweden and abroad have entered a phase of lower growth. Although growth is more subdued, economic activity is still strong. The conditions for inflation to remain close to 2 per cent in the coming years have not changed to any great extent. The Executive Board has therefore decided to hold the repo rate unchanged at −0.25 per cent. As in December, the forecast for the repo rate indicates that the next increase will be during the second half of 2019, provided that the economic outlook and inflation prospects are as expected
Jens Weidmann: The role of the central bank in a modern economy – a European perspective
Speech by Dr Jens Weidmann, President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements, at the University of South Africa (UNISA), Pretoria, 12 February 2019.
Luis de Guindos: The euro area – current status and the monetary policy stance
Remarks by Mr Luis de Guindos, Vice-President of the European Central Bank, at Deusto Business School, Madrid, 11 February 2019.
SME Development and Financial Inclusion in the Arab World
Small and medium enterprises (SMEs) have become one of the key instruments to face economic and social problems and achieve development objectives in most industrial and developing countries. SME contributions to employment creation, productivity improvement, and income generation are underutilized in the Arab countries at a time when economic transformation is shifting the onus for productivity from the public sector to the private sector.
Bank of Lithuania acknowledged as a supervisor that proactively implements anti-money laundering measures
Bank of Lithuania acknowledged as a supervisor that proactively implements anti-money laundering measures More: https://www.lb.lt/en/news/bank-of-lithuania-acknowledged-as-a-supervisor-that-proactively-implements-anti-money-laundering-measures
A Conversation on Community Banking
At the Conference for Community Bankers, sponsored by the American Bankers Association, San Diego, California
Encouraging Economic Development in High-Poverty Rural Communities
At “Rural Places, Rural Spaces: Closing Financial Services Gaps in Persistent Poverty America,” a policy forum sponsored by Hope Enterprise Corporation, Mississippi Valley State University, Itta Bena, Mississippi
Joachim Wuermeling: Banking regulation and the benefits of international cooperation – Basel III and beyond
New risks are emerging and will determine the Basel Agenda.International cooperation can only work if national politics are able to overcome the tendencies.
Civil Society to Partner with World Economic Forum to Launch Platform for Social Sector Transformation
The World Economic Forum today launches an initiative aimed at helping civil society prepare for and respond to the Fourth Industrial Revolution.
220th Meeting of the Monetary Policy Committee (“Copom”) of the Central Bank of Brazil Press Release
The Copom asserts that caution, serenity, and perseverance in monetary policy decisions, even in the face of volatile scenarios, have been instrumental in pursuing its primary objective of keeping the inflation path towards the targets.
Statement by Philip Lowe, Governor: Monetary Policy Decision
the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
Nestor A Espenilla, Jr: Optimism, commitment and reform
Speech by Mr Nestor A Espenilla, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), delivered by Ms Chuchi G Fonacier, Officer-in-Charge, at the Annual Reception for the Banking Community, Manila, 25 January 2019.
Yves Mersch: The possible triangle – frictionless movement of payments, securities and collateral across Europe
Speech by Mr Yves Mersch, Member of the Executive Board of the European Central Bank, at the 2019 Annual General Meeting of the International Capital Markets Association’s European Repo and Collateral Council, Luxembourg, 31 January 2019.
Kateryna Rozhkova: National Bank of Ukraine press briefing – monetary policy statement
Reasons for launching a monetary easing cycle, as risks of inflation decrease steadily, and inflation returns to its target, along the trajectory outlined in the central bank’s new macroeconomic forecast.
