Latest
Mainland China and Hong Kong deepen financial ties
PBoC and HKMA announce new measures to promote renminbi use
The UK is not suffering another Truss shock
The increase in gilt yields is a long way from the turmoil of 2022, writes Jagjit Chadha. But it does highlight flaws in the use of fiscal rules
Trade wars could cost world $6.5tn by 2030 – Swift study
Fragmented financial landscape “benefits no one”, report shows
Benchmarking
Central bank watch: watchful and wary easing ahead
Franklin Templeton assesses the monetary policy outlook for the Group of 10 central banks, as well as China and South Korea, as 2025 begins
One-fifth of central banks lack defined risk tolerance and strategy
But majority of respondents apply risk management principles to policies and processes
PBoC suspends government bond purchases
China's central bank moves after “persistent excess demand” causes yields to hit record lows
Barr’s Fed exit likely to delay, but not destroy, Basel III
Market risk, op risk and leverage ratio all in the sights of Barr’s potential successors
Danish kroner coins to be minted in Spain until 2029
National Bank of Denmark heads south ahead of Finnish mint’s impending closure
Banxico board uncertain on pace of easing, minutes reveal
Members had differing views on inflation dynamics and effects of tariffs in December meeting
CNB’s Aleš Michl on tackling inflation, Friedman’s legacy and ditching DSGE
Czech governor speaks about policy mistakes, targeting M2, diversifying into equities and gold, and ending interest on minimum reserves
Editor's choice
Accounting for banknotes
Three leading experts on central bank finances debate the appropriate treatment of currency
Central bank watch: watchful and wary easing ahead
Franklin Templeton assesses the monetary policy outlook for the Group of 10 central banks, as well as China and South Korea, as 2025 begins
Madagascar’s governor on targeting M3 over inflation
Central Bank of Madagascar head Aivo Andrianarivelo speaks about introducing an interest rate corridor, diversifying from dollars to gold, using instant payments to bolster inclusion and drawing on IMF sustainability funding
Economics Benchmarks 2024 report – making models work
The benchmarks this year include more granular details on key model design features
Benchmarking
One-fifth of central banks lack defined risk tolerance and strategy
But majority of respondents apply risk management principles to policies and processes
Inter-bank working groups
Facilitating connections between central bankers across the globe to promote the exchange of expertise and support collaboration.
Upcoming meetings include: Cyber risk management, social media in communications and upgrading forecast models.
Central banking amid uncertainty and Trump 2.0
Deglobalisation set to challenge the central banking orthodoxy of the past 40 years
Awards
The winners of the 2024 FinTech & RegTech Global Awards
Seventh annual tech awards recognise excellence among central banks and the private sector
Global Impact Award: Swiss National Bank
The SNB is recognised for its pioneering live wholesale CBDC and monetary policy operations on distributed ledger technology
Pioneer Award: Bank of Namibia
Bank of Namibia’s Automation Centre of Excellence has elevated its use of suptech, enhanced monetary policy decision-making and automated government payments
Central Banking Awards 2024 ceremony honours best in field
Shirakawa receives lifetime award and Brazil is named central bank of the year
Book reviews
Book notes: Default: the landmark court battle over Argentina’s $100 billion debt restructuring, by Gregory Makoff
Book notes: A fly on the RBI wall: an insider’s view of the central bank, by Alpana Killawala
Book notes: The bankers’ new clothes, second edition, by Anat Admati and Martin Hellwig
Book notes: The road to freedom: economics and the good society, Joseph E Stiglitz
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Central bank watch: watchful and wary easing ahead
Sustainable development: central banks taking the lead
Advancing monetary policy tech in the new economic landscape
Regtech and suptech in central banks: 2024 survey
Survey results: global trends in regtech and suptech for central banks
Global Technology Partner: ACI Worldwide
Geoeconomic reserve management
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