Central Banks
ECB’s policy rate should reach 2% in December, Villeroy de Galhau says
Banque de France governor says “jumbo” rate hikes “will not become a new habit”
Argentine central bank debt poses major risks, analyst says
Moody’s analyst says central bank faces macroeconomic crisis as short-term debt rises
BoE officials reject criticism of forecast misses
Bailey says labour market dominates firms’ concerns and says Brexit has hampered economy
Bank Indonesia raises rates 50bp for third consecutive month
Warjiyo says “pre-emptive” move aims to bolster currency and dampen inflation expectations
Philippine central bank speeds up monetary tightening
Both key policy rate and inflation are now at highest levels for 14 years
Currency Benchmarks 2022 report – a slow evolution continues
Cash usage persists, polymer makes advances and volumes are expected to rise
ECB warns array of risks threatens financial system
Luis de Guindos calls on governments to avoid fiscal policies running against tighter monetary policy
Climate change may have serious effects on natural rate – ECB paper
Monetary policy may need more flexibility to deal with climate and green transition, researchers say
Climate analysis likely understates risk, say FSB and NGFS
Study finds scenario analysis struggles to capture more complicated dynamics
Rates round-up: tighter policy in Uruguay, Rwanda and French Pacific
Persistent inflation prompts further rate rises in emerging market economies
RBA to return to “less specific” forward guidance
Central bank admits forward guidance during the pandemic was sometimes too complex
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Hungarian government proposes change to central bank funding law
Move comes after MNB changes monetary policy framework amid foreign exchange turbulence
Brazilian central bank will make Pix open source
Communications protocols will be open to all “for free”
Portuguese PM threatens legal action against ex-governor
António Costa denies pressuring Carlos Costa over bank intervention
Riksbank develops model to stress-test banks’ corporate lending
New model is based on microdata on all Swedish non-financial corporations
Fed outlook: officials urge caution amid uncertainty
Pace of rate hikes doesn’t need to be as “rampant” as recent moves, says Mary Daly
PBoC keeps key lending rate unchanged
Central bank sticks to accommodative policy as China faces slowdown
Currency round-up: BEAC to launch new banknote series
Afghanistan permitted to import new notes; Canada shortlists banknote figures; and more
Non-banks in focus as G20 leaders meet in Bali
FSB calls for action on liquidity mismatches and “hidden leverage”