Financial Stability
Policy should ‘accommodate’ core inflation to ward off unemployment – paper
Central banks can help insulate vulnerable households in event of energy shock
Gambia receives $11m from IMF
Inflation is easing, but remains well above target
Powell warns of commercial real estate risks
Fed chair tells Senate further cooling of the labour market could induce a rate cut
Vietnam mandates biometric verification for many online transactions
Bank customers must provide face or fingerprint ID for transactions over $393
Israel holds rates amid fears war could escalate
Bank of Israel raises interest rate forecast for next year
Ukraine’s governor on central banking as war endures
The NBU’s Andriy Pyshnyy speaks about the need for investment and reform amid labour shortages, securing war-risk insurance and Ukrainian funding from Russia’s frozen assets
Taliban regime appoints new Afghan governor
Noor Ahmad Agha is under international sanctions over alleged terrorist links
PBoC to start additional open market operations
Move could increase importance of seven-day reverse repo rate, some analysts say
Inflation targets have served EMEs well, says Sarb governor
EMEs and banks have ridden out rate rises relatively well, but refinancing and geopolitical risks remain
Basel Committee approves new stablecoin exposure framework
Details on new crypto asset and IRRBB rules, plus third-party risk consultation due out this month
Turkish inflation falls for first time in eight months
Cooling prices could herald disinflation trend despite negative real rates
Banque de France and HKMA to conduct cross-border CBDC test
HKMA is the first non-European central bank to join the Eurosystem’s wholesale DLT settlement trials
Malaysia’s Rasheed expects a “bumpy road” for EM currencies
Governor Abdul Rasheed Ghaffour says BNM will intervene if needed ahead of future Fed cut; rules out capital controls but has encouraged institutions to repatriate earnings
BNM’s Rasheed on inflation, growth and currency performance in emerging markets
Bank Negara Malaysia’s governor speaks about balancing inflation and growth, supporting the ringgit, multilateral currency settlement and greening Islamic finance
Central bankers must keep away from politics – Campos Neto
Comments come after ruling party accused Brazilian governor of politicisation
ECB, EBA and Eiopa publish data point model agreement
Framework aims to maintain and streamline methods of reporting supervisory data
Fed needs more evidence to cut rates – Powell
Lagarde tells same Sintra panel that services inflation is making disinflation “bumpy”
Sexual orientation impacts financial wellbeing – Fed research
Gay, lesbian and bisexual people “significantly more financially vulnerable than previously understood”
Eurozone ‘soft landing’ still not guaranteed, warns Lagarde
ECB president says costs of disinflation are contained better than in the past
Brazil adopts new inflation targeting mechanism
Authorities must now give 36 months’ notice of new target rather than setting it annually
Syrian central bank says lenders must expand bank accounts
Citizens need accounts to receive cash transfers as government cuts subsidies
Masaaki Shirakawa on his ‘unease’ about 2% inflation targets and lessons from Japan
The former Bank of Japan governor speaks with Christopher Jeffery about the need to properly understand the business of banking, making sound contingency plans and the BoJ’s current policy constraints
Turkey holds interest rate amid rising inflation
Disinflation will start in the second half of the year, CBRT says