Risk of inflation de-anchoring is higher in US than Canada – study
Authors say risk has also risen for both countries post-Covid
Bank of Israel responds to criticism over high rates
Chair of parliamentary committee had blamed tight policy for lenders’ excess profits
Fast payment systems enhance financial inclusion – BIS paper
Researchers examine systems’ spread in Latin America and Caribbean
European Central Bank continues easing with 25bp cut
Revised forecast points to stunted growth, as Lagarde says bank is operating in “high uncertainty”
Central Banking Spring Meetings 2025

Trump 2.0 piles pressure on reserve managers
Speakers at Central Banking Spring Meetings discuss positioning, interventions and impact of lost aid

Technology needs to keep up with crypto regulation – panel
Panellists discuss AML/CFT risks arising from virtual assets during Central Banking Spring Meetings

Conservatism in central banking ‘may not exist in 10 years’
Reserve managers at Spring Meetings 2025 share frustrations and discuss new strategies

Preference for cash ‘can inhibit digital payment innovations’
Panellists at Central Banking Spring Meetings discuss hurdles and opportunities in sector
Editor's choice

Trump, the Fed and climate’s undeniable systemic risk
Experts disagree on the impact of the Fed’s withdrawal from the NGFS but are united about climate change’s devastating effect on the financial system

Stop calling them ‘CBDCs’, ECB paper argues
Study says the term, and much other crypto terminology, is misleading and should be binned

Key lessons from 15 years of macro-prudential policy
Pedro Duarte Neves reviews how macro-prudential tools can be used for maximum effect

Branching paths: the Czech National Bank’s many modelling options
Three external reviews each recommended a different combination of models. The CNB now faces tough design choices, and must also decide how to upgrade its economic research
Benchmarking
Central banks split on whether CBDC will impact seigniorage
Some respondents see seigniorage depending on CBDC design choices

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: Central bank capitalism: monetary policy in times of crisis, by Joscha Wullweber

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
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