Central Banks
Clearer guidelines needed for crisis co-operation – FSI report
BIS institute publishes findings from exercise simulating bank failure in Latin America
Libyan factions agree compromise over central bank leadership
UN mission mediated talks after former governor fled
Central Bank of Liberia set for reform as IMF approves funding
Damning audit report leaves acting governor with a lengthy to-do list
BoE’s Greene strikes cautious note on consumption
Monetary policy committee member says UK consumption has been weak, but risks are to the upside
Nuclear industry says World Bank should resume financing
Industry bodies say Institution should allow nuclear projects to fall under “green bond” taxonomy
Hungary cuts rates by 25 basis points
Central bank says prime minister’s austerity plans will help by providing fiscal credibility
Nigeria raises key interest rate to historical high
Rate now stands at 27.25%, despite slight drop in headline inflation last month
Central Bank of Brazil warns against lavish fiscal spending
Policy committee says unsustainable public debt would make it harder to control inflation
Hong Kong launches second phase of CBDC pilot
Next stage will explore use cases for e-HKD and tokenised deposits
People’s Bank of China cuts medium-term lending rate
Reduction comes a day after PBoC unleashes slew of economic stimulus measures
One in 10 central banks uses FX swaps to defend currency
Interventions were relatively common in past year, suggesting greater activity in spot market
NBER paper seeks ‘canonical Hank model’
Early attempts at heterogeneous agent modelling led to implausible results, authors say
Crypto assets not fit for reserve purposes – World Bank study
Economists say central banks are unlikely to move into non-CBDC digital currencies “any time soon”
Bank of Canada pivots away from retail CBDC
Decision to scale back research follows similar move by Australian central bank
Reserve Bank of Australia holds policy rate
Policy-makers say cut is unlikely in near term while government’s plan to overhaul central bank sours
Bank of Israel extends credit benefits for war-affected citizens
Three-month extension follows escalation of conflict with Hezbollah
Riksbank to receive $2.46bn from Swedish government
Capital injection will put central bank just above minimum equity level required by law
FDI more important than trade in boosting Chinese lending – paper
Banks' activities in emerging economies increase in line with direct investment, say researchers
PBoC unveils major stimulus package
Central bank cuts key rate and reserve requirements, boosts support for property and stock markets
Middle income countries form largest membership of World Bank Ramp
Central banks highlight market intel, support, training as partnership gains
Supervisors use generative AI to tame ‘chaotic’ data
Officials merge credit databases with unstructured reports to sharpen bank oversight, explains Banco de España ex-deputy
More CCPs would not avert US Treasuries crisis – BIS study
However, economists say central clearing could still improve market functioning
Turkey’s central bank raises reserve ratios
Move follows sixth consecutive decision to hold rates
People: IMF appoints general counsel
Bank of Russia names new monetary policy head; Rob Brand becomes DNB’s chief investment officer