Official Record
FSB to draw lessons from banking stress
Nature of vulnerabilities and speed of recent crisis call for review of regulation, Klaas Knot says
Megan Greene to join Bank of England MPC
Kroll chief economist will succeed Silvana Tenreyro later this year
Olli Rehn selected as ESRB’s first vice-chair
Bank of Finland governor replaces former Sveriges Riksbank governor Stefan Ingves
BoK pauses again as inflation slows
Governor Rhee Chang-yong warns against expectations of a rate cut this year
RBI pauses to assess effects of rate increases
Surprise decision comes as inflation remains outside the central bank’s target band
SBP raises rate 100bp amid balance of payments ‘stress’
Inflation continues climb while reserves remain at critically low levels
RBNZ surprises with 50bp rate hike
Damage from cyclone threatens to keep inflation expectations higher
São Tomé gets loan for RTGS upgrade
Island country lacks automated system
State Bank of Vietnam cuts interest rate
Central bank says Vietnam’s economic growth has faced difficulties
RBA pauses rate hikes as inflation slows
Central bank board has not ruled out further tightening
UAE revokes licence for Russia’s MTS Bank
Gulf state was put on the FATF grey list last year
US regulators fine Wells Fargo for aiding sanctions-busting
Fed and Treasury say bank failed to halt client channelling funds to Iran, Syria and Sudan
Eurozone headline inflation drops sharply
But core figure remains high as service price rises persist
PBoC has lent banks $44 billion for ‘green projects’
Facility helps Chinese and foreign lenders to fund carbon emissions reduction, says governor
BoE proposes minimum resilience for LDI funds
Funds at centre of UK’s bond market 2022 crisis must withstand bigger “yield shock”, BoE says
Georgieva warns of increased risks to financial stability
Action by policy-makers has only eased stress “to some extent”, IMF chief says
Islamic banking most at risk of negative CBDC effects
IMF paper highlights risk of unremunerated and small retail deposits
FedNow set to launch in July
Onboarding to instant payment system begins in April, followed by production validation
RBA says interest rate pause is on the cards for next month
Central bank says monetary policy is in “restrictive territory”
BoE says more work needed to assess climate capital rules
Campaigners disappointed by lack of action on building resilience to climate change
Riksbank to start government bond sales in April
Swedish central bank aims to tighten monetary policy
Swift completes cross-border CBDC settlement pilot
Banque de France, Bundesbank and the MAS among central bank participants
Peru holds rates for second month
Governor says economic growth likely to underperform central bank’s estimates
Layoffs higher in US tech industry – St Louis Fed
Data shows layoffs in “information industry” were up over 65% compared with April 2022