Financial Stability
Bank of Mexico lowers GDP growth estimate
Slow economic activity from last year continues into the first quarter
Chinese cities ease home-buying rules as housing slump continues
Analysts say real estate sector unlikely to turn around this year despite recent interventions
Sri Lanka keeps interest rates flat
Country introduces new governance reforms to state-owned banks
Artificial intelligence: key questions for financial supervisors
Manoj Singh outlines what supervisors need to be asking as they learn to interrogate machines
RBNZ will activate debt-to-income tool
New Zealand central bank to bring in new macro-prudential tool in July
Getting Chiang Mai right
Asia’s emergency infrastructure is on the right track, but there is still room for improvement
Use machine learning to protect payment systems – research
Tool could also be used to warn of money laundering and bank runs, researchers say
Egypt holds policy rates
Central bank says improved external financing after IMF loan will help price stability
IMF says Iceland’s path is clear to easing rates
Housing and bank supervision remain a concern and central bank independence needs safeguards
Turkey holds interest rates
Central bank leaves door open for tightening monetary policy
Food prices keep Indian inflation up – RBI
Target may only be reached in H2, central bank research says
Global supply chains undergoing “great reallocation”, expert says
Mexico is biggest winner from US trade shift, economist tells Atlanta Fed conference
Bank of England may cut rates soon – deputy governor
Pressures have faded but economy is facing second-round effects, Broadbent said
Bank of Spain imposes capital buffers on Portugal-exposed lenders
Move follows Bank of Portugal’s November decision over possible risks in housing market
G7 may use Russian asset profits to fund Ukraine
US asks European governments to agree money should back $50 billion loan
Banks should share data on borrowers, working paper argues
Compulsory data sharing has increased credit supply, Hungarian central bank paper says
Fed green lights more capital relief trades
Five US banks authorised to issue repeat credit-linked notes backed by financial guarantees
Credit rating agency failures continue despite EU reforms, paper finds
Bond issuers are still “shopping” for good ratings, ECB paper says
ECB warns against AI market concentration in financial services
Using the same AI providers may amplify risks and threaten financial stability
PMA launches instant payments amid Gaza cash shortage
Instant payments rolled out as most banks in Gaza have suffered “partial or total destruction”
IMF reaches staff-level agreement with Argentina on EFF
The fund could release a tranche of nearly $800m upon board approval
Geopolitical events create tougher financing conditions, ECB finds
Systemic crises are unlikely unless a significant shock occurs
Fed paper looks at US opioids crisis
Banks are causing credit contraction in worst-affected communities, researchers say
QE helped smooth sovereign bond yields, ECB paper finds
Eurosystem’s asset purchases helped reduce effect of “auction cycle”, researcher says