Central banks

IFDP Paper: The Design and Effect of Tariff Retaliation: Evidence from the European Union

03/20/2026 Federal Reserve Central banks

Ece Fisgin, Johannes Fleck, Keith RichardsWe show that the EU’s 2018 retaliation against US steel and aluminum tariffs targeted goods with low US import dependence and high substitutability. For the majority of tariffed goods, the US share of EU imports declined notably and remained below pre-2018 levels even after the retaliatory tariffs were lifted, reflecting asymmetric effects of tariffs on trade diversion.

IFDP Paper: Volatile Rates, Fragile Growth: Global Financial Risk and Productivity Dynamics

03/20/2026 Federal Reserve Central banks

Nils Gornemann, Eugenio Rojas, Felipe SaffieDoes global financial risk affect long-run growth? Using a panel state-space model for emerging and advanced small open economies, we measure the effects of U.S. monetary policy uncertainty shocks. A one-standard-deviation shock lowers the level of the stochastic trend in emerging markets by at least 25 basis points after three years, with little effect in advanced economies.

Bank Rate maintained at 3.75% - March 2026 Monetary Policy Summary and Minutes

03/19/2026 Bank of England Central banks

The Bank of England’s Monetary Policy Committee is responsible for making decisions about Bank Rate.

PRA publishes liquidity reform proposals

03/17/2026 Bank of England Central banks

The Prudential Regulation Authority has today published proposals aimed at ensuring banks can monetise liquid assets quickly in a fast-paced stress event – such as the collapse of Silicon Valley Bank in 2023.

PRA fines U K Insurance Limited £10,625,000

03/11/2026 Bank of England Central banks

The Prudential Regulation Authority (PRA) has imposed a financial penalty of £10,625,000 on U K Insurance Limited (UKI Limited) in connection with a miscalculation of their Solvency II balance sheet during 2023 and 2024.

Wildlife to feature on next series of Bank of England banknotes

03/10/2026 Bank of England Central banks

Images of the UK’s wildlife are to feature on the next series of banknotes following a public consultation run by the Bank of England.

FEDS Paper: Income Mobility of the Top One Percent

03/06/2026 Federal Reserve Central banks

David Splinter and Jeff LarrimoreCirculation into and out of the top one percent is pronounced in the U.S. One third exit after a year and two-thirds exit after a decade. This mobility lowers top income shares when shifting from annual to multi-year income measures. Intragenerational mobility over two decades lowers recent top one percent fiscal income shares by over 10 percent. Two-decade mobility reduces top 0.1% shares by over 20 percent, top 0.01% shares by 30 percent, and top 0.001% shares by 40 percent.

Statistical Notice 2026/02 - BEEDS user acceptance testing (UAT) environment – Statistical taxonomy v1.3.1 FINAL

03/03/2026 Bank of England Central banks

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

Braddick to take the helm at the UK’s banking watchdog

02/27/2026 Bank of England Central banks

Katharine Braddick CB appointed as the next Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive of the Prudential Regulation Authority, succeeding Sam Woods when his term ends in June 2026.

Court minutes from 2023 that were previously redacted

02/26/2026 Bank of England Central banks

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

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