Central Banks

New York Fed to establish ‘innovation centre’

Search begins for director, who will lead collaboration with BIS innovation hubs ...
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/ Central Banking

BoE must improve understanding of QE – report

Lack of understanding has prevented BoE’s ability to build public trust in new policy tool, report says ...
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/ Central Banking

IMF welcomes Rwandan central bank’s Covid response

National Bank of Rwanda funnelled liquidity to banks and cut policy rates ...
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/ Central Banking

Covid-19 data gaps threaten US recovery, researcher says

Minneapolis Fed economist urges statistical agencies to include diagnosis questions in surveys ...
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/ Central Banking

Promoting fintech might reduce inequality – BIS’s Pereira da Silva

Inequality harms policy transmission, but technology may help, deputy general manager says ...
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/ Central Banking

Book notes: The currency cold war, by David Birch

Pleasant and interesting read on whether digital money will jeopardise the US dollar’s dominant role in global trade and finance ...
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/ Central Banking

Bank of Israel announces major increase in FX interventions

Central bank announces FX spend in advance for first time and pledges 40% increase ...
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/ Central Banking

Bank of Italy paper looks at economic impact of disasters

More frequent disasters make economic effects larger and non-linear, researcher finds ...
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/ Central Banking

BdF paper looks at French law on climate disclosures

Law led to sharp cut in French firms’ holdings of fossil fuel-related instruments, research finds ...
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/ Central Banking

Banks must be able to explain AI models – Brainard

Fed governor says solving ‘black box’ problem is important first step in improving AI governance ...
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/ Central Banking

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Genentech's Faricimab Meets Primary Endpoint In Late-stage Studies On Neovascular AMD

(RTTNews) - Genentech, a member of the Roche Group (RHHBY), said that its investigational bispecific antibody, faricimab, met primary endpoint in two global phase III studies. The two identically designed late-stage studies, TENAYA and LUCERNE, evaluated faricimab in people livin Read More

Philips Q4 Profit Rises, Proposes Dividend; Sees Higher Comparable Sales, Adj. Margin In FY21

(RTTNews) - Dutch consumer electronics giant Philips Electronics NV (PHGFF.PK, PHG) reported Monday that its fourth-quarter net income increased to 607 million euros from last year's 556 million euros. Earnings per share were 0.66 euro, up from 0.60 euro a year ago.Income from co Read More

European Shares Seen Opening Higher On Stimulus Bets

(RTTNews) - European stocks are likely to open higher on Monday as investors bet on easy monetary policies and more fiscal stimulus. Amid bitter political differences, lawmakers in Washington are getting to work on the $1.9-trillion stimulus proposal from the new president. Read More

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