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Central Banks

Bank of England's Hogg gets rough ride from lawmakers


LONDON The Bank of England's newest deputy governor came under criticism from lawmakers on Tuesday for sticking too closely to the central bank's orthodoxy and faced tough questions about her family's links to the banking industry.

Irish mortgage market surges in January 12:57pm GMT

DUBLIN The value of mortgage approvals in Ireland grew 60 percent year-on-year in January, data showed on Tuesday, as an easing of central bank lending rules and a new government subsidy for first-time home buyers accelerated a recovery.


BOJ's bond operation plan fixes dates, but leaves size uncertain 11:37am GMT

TOKYO The Bank of Japan announced on Tuesday the dates of its bond-buying operation for March, a move an official said is aimed at making its operations more transparent and reducing market volatility.


As inflation remains low, Japan's PM defends BOJ strategy 7:01am GMT

TOKYO Prime Minister Shinzo Abe said the Bank of Japan's aggressive monetary easing is aimed not just at accelerating inflation but also at spurring growth, in a sign the government was keen to deflect mounting pressure on the BOJ as it struggles to meet its 2 percent price goal.

Euro zone banks cut cross-border lending as stability fears grow 27 Feb 2017

FRANKFURT Euro zone banks have cut lending to their peers in other members of the currency bloc over the past year, European Central Bank (ECB) data showed on Monday, as questions mounted about the health of some lenders and the very future of the euro.


ECB won't announce another round of TLTROs, say traders 27 Feb 2017

The European Central Bank will not announce another round of long-term cheap loans after the current ones expire next month, according to all 19 euro money market traders polled by Reuters, citing weak demand.


Cash no longer king? Swiss National Bank begs to differ 27 Feb 2017

ZURICH The Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems.


Two percent inflation. A call to action? 25 Feb 2017

BRUSSELS U.S. President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week - a call to action perhaps in America and a important milestone in Europe.


Bundesbank's Dombret says no rush to complete stalled Basel bank rules 24 Feb 2017

LONDON There is no rush to complete new bank capital rules given that the Trump administration has yet to nominate the U.S. Federal Reserve's new top banking supervisor, a Bundesbank board member said on Friday.


BoE proposes changes to ease capital burden for smaller banks 24 Feb 2017

LONDON The Bank of England proposed on Friday to allow new banks to hold less capital from next January to help them win more market share from the "Big Four" lenders that dominate high streets.

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