Professional long-run inflation forecasts are flawed – study
Chicago Fed research says projections are bogged down by cognitive distortions and overconfidence
Most people would not switch to digital euros – ECB research
Consumers would only allocate a small portion of €10,000 if given the choice, paper says
RBI governor encourages pooling of climate projects
Malhotra says pooling would reduce risk and make lending more convenient for banks
US farmers need extra revenue to make ends meet – research
Costs largely outweigh income generated by agri, says Richmond Fed study
Awards
Transparency award: Bank of Portugal
Central bank upgrades website, bolsters financial education and internal communications using creative multimedia storytelling skills
Partner initiative: Swift
Swift has advanced global CBDC and tokenisation network interoperability
Regulatory technology services: FTS
Firm has helped the Central Bank of Oman and others to fix blind-spots in their risk-based AML/CFT supervision
Central bank of the year: Bank of Thailand
The Thai central bank has countered government interference while fulfilling its mandate and striving to future-proof the financial sector
Editor's choice

Fintech Benchmarks 2025 – model banks analysis
Data breakdown reveals differences in CBDC research, AI use and adoption of the cloud

Do central bank governors make good prime ministers?
Mark Carney is the latest to make the leap, but the record elsewhere has been mixed

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

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
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
Central Banking Spring Meetings 2025

Working group minutes: facing up to CBDC adoption challenges
Participants at Cape Town meeting saw drawbacks to digital currency versus other payment methods

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
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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