Articles by Central Banking Newsdesk
MAS’s Tharman urges investor action on global instability
War, stagflation risk, climate crisis, pandemic and uneven growth create “perfect long storm”
Reciprocity can curb macro-prudential ‘leakages’ – BIS paper
But gains can be small, which may explain limited use of reciprocity to date, authors say
Bank of Israel reserves decline on falling equities
Total reserves decline from $208.7 billion in January to $207.1 billion at the end of February
Polish central bank hikes main rate as it battles zloty weakness
Currency has fallen sharply since Russia’s invasion of Ukraine, adding to fears over high inflation
Hong Kong recovery expected to slow – IMF
Fund warns of risks including exposures to Chinese real estate and further supply disruption
IMF urges Peru to tighten monetary policy
Fund also says FX intervention may be needed short term
State Bank of Pakistan launches simplified digital account
Central bank governor says Asaan Digital Account should boost women’s participation in finance
‘Financial concerns’ impact consumption – BoE paper
Households with financial worries have a higher marginal propensity to consume, survey shows
Sri Lankan central bank raises rates and clashes with power company
Energy chairman says “power crisis” has been caused by unwise use of foreign exchange
Central banks can lean against fiscal dominance – BoC paper
Authors find monetary policy works better when conditional on fiscal policy
Visa, Mastercard and Amex suspend Russia operations
Bank of Russia says domestic payments will still be possible across its own systems
SNB profits rise to $28.5 billion
Central bank reaffirms pledge to halt appreciation of the franc
People: Chile appoints new central bank director
BoJ set to gain new policy board members; RBA names new head of banking; and more
UAE central bank to 'Emiratise' finance sector
Measure will reserve 5,000 jobs for nationals by 2026
Latin American dollar debts could cause systemic risk, paper says
Authors say the Fed risks a major policy mistake if it ignores the wider impact of tighter US policy
Bank of Canada raises policy rate
Hike marks end of ultra-loose policy imposed in response to Covid-19
Eurozone inflation reaches new record high of 5.8%
Energy inflation remains main factor boosting prices, at 31.7% in February
IMF and World Bank pledge Ukraine aid
Fund considering emergency loan and World Bank assembling $3 billion package
Sberbank Europe enters insolvency
Subsidiaries in Croatia, Slovenia and Bosnia sold off as sanctions cripple Russian lender
Euroclear bars rubles and Russia equities trading remains suspended
Ukraine places war bonds as unconfirmed report says Russian SWF may support equities
BoE consults on removing macro-prudential rule
Affordability test has drawbacks and may no longer be needed, given other tools, says FPC
Norwegian oil fund to divest Russian assets
Fund held equity investments in nearly 50 Russian companies, including Sberbank and Gazprom
Emerging economies ‘remarkably’ resilient to Fed tightening, BIS says
Many EME currencies have appreciated, but Turkish lira and Russian ruble are notable exceptions
Botswana cancels cheques
Banks will cease processing cheques from 2024