Central Banks
Sharp yen rises spark speculation over government intervention
Japanese minister refuses to comment on whether authorities acted to stem currency’s fall
One in five communications teams use AI for their work
Data suggests uses of AI are still at an initial stage among communications departments
Trump advisers aim to curb Fed independence, report says
WSJ says leaked document discusses sacking Powell and giving Trump vote on policy
Pakistan holds interest rate ahead of IMF loan review
Central bank says inflation remains high even after dropping in March
Moldovan instant payments system used over 100,000 times
Central bank says new system’s use will expand to businesses this year
Research probes US consumers’ dislike of inflation
People prefer inflation close to zero but may misunderstand the underlying processes, studies find
Thai prime minister tells lenders to cut interest rates
Move comes amid continued tensions between government and central bank
Comms teams average less than 2% of central bank workforce
Majority of units operate centralised communications models
Ukraine cuts rates as inflation falls
Central bank is positive over foreign aid but says economic damage from war could worsen
Bosnian central bank joins World Bank reserves programme
Eurozone-adjacent economy looks for closer ties to the west
Turkey keeps interest rates flat
Central bank says monetary policy may tighten if inflation worsens
Stress-test failures increase banks’ M&A scrutiny, Fed research finds
US lenders’ merger-related activity improves if they have failed tests, authors say
French president calls for expanded ECB mandate
“We cannot have a monetary policy solely focused on inflation,” Macron says
BoJ keeps policy unchanged as yen weakens
Policymakers raise inflation forecasts, saying “virtuous wage-price cycle” is strengthening
RBI forbids major bank from adding new customers digitally
Kotak Mahindra’s IT systems showed “serious deficiencies and non-compliances”, regulator says
Dollar less popular for services trade than for goods – ECB paper
Large firms prefer sticking to the US currency, research finds
Chinese policy-makers warm to PBoC bond trading
PBoC’s trading of government bonds will be different from QE, central bank official says
Fed policy has more effect during US recessions, ECB paper finds
Researchers use non-linear methods to examine effects of FOMC shocks
Governance Benchmarks 2024 – model banks analysis
Additional breakdowns of the data reveal details of central bank powers, staffing and more
Paul Tucker calls for collateral prepositioning
Central banks need to know what collateral banks have in advance, former BoE deputy says