BOE
Study: LLMs show human-like inflation biases, lack consistency
A Bank of England working paper finds that large language models can replicate key empirical regularities of households' inflation perceptions.
Paper
SNB
Fed speech data reveals communication complexity paradox
A new working paper, analyzing over 10,000 Federal Reserve speeches from 1914 to 2024, reveals key trends in central bank communication.
ECB
AI reallocates US jobs, high-risk occupations decline
An ECB analysis finds that artificial intelligence has led to a reallocation of jobs in the US labor market, with employment declining in occupations highly exposed to AI substitution.
BOE
New code of practice for sterling systemic stablecoins
The Bank of England has published a new Code of Practice for systemic stablecoin issuers.
BOJ
Japan's economy recovers, BOJ raises policy rate to 0.75 percent
The Bank of Japan's semiannual report for October 2025 to March 2026 shows a moderate economic recovery.
BOE
SME lending: Capital rules, asymmetric info drive bank competition
A Bank of England working paper analyzes how risk-based capital requirements influence competition and credit allocation in the UK unsecured SME lending market.
BOE
SME lending returns lower for UK banks due to costs, not capital
Analysis of large UK banks by the Bank of England reveals that SME lending yields the lowest return-on-equity compared to retail and large corporate lending.
BIS
Stablecoin yields on exchanges: Two models, distinct risks
Centralised exchanges remunerate stablecoin holders through two distinct models, reserve-based and activity-based, which imply different risk exposures and macro-financial implications.
BOE
BoE scenario: Severe global recession hits private markets
The Bank of England has published a hypothetical scenario outlining a severe global supply and geopolitical shock leading to a deep recession.
BOE
Global CCP default simulation tests client porting, finds friction
Thirty-eight central counterparties (CCPs) and their members conducted the largest-ever global default simulation in November 2025.
BOE
Travel restrictions cut global trade by 23% in 2020 Q2
A Bank of England working paper finds that Covid-19 travel restrictions significantly increased trade costs, reducing global trade by approximately 23% in 2020 Q2. The effects were heterogeneous, impacting closer partners and road/air transport more.