Central Banks
Global risks at worst in four decades, says IMF
Financial stability report paints a picture of growing vulnerabilities
Polish governor says dissenting MPC members may have broken law
Glapiński and four colleagues could notify prosecutors over critical comments by fellow rate-setters
IMF publishes sober outlook for 2023
“Worst is yet to come”, says chief economist
ECB needs at least two ‘significant steps’ in coming meetings – Knot
DNB financial stability report warns high inflation and weak growth will test banks
Development banks need to change amid global threats – Yellen
“Extreme stress” and global threats demand rethink, says US Treasury secretary
ECB and PBoC extend currency swap deal for three years
Central banks keep the size of the swap line unchanged
Canada’s Macklem sees global inflationary pressures easing
But more interest rate increases still needed, says Bank of Canada governor
BoE widens asset purchases as ‘dysfunction’ threatens again
Surge in gilt yields comes in final week of BoE’s “temporary” intervention
Payments Benchmarks 2022 – presentation
Central Banking’s payments subject matter specialist Riley Steward speaks with Chris Jeffery about digital currencies, payments oversight and more
IMF loans $1.3 billion to Ukraine under ‘food shock window’
Foreign donors should increase funding, IMF says, after officials warn of potential instability
BoE prepares more market support as cliff edge looms
Central bank creates temporary repo facility with wider range of eligible collateral
IMF approves $3.8 billion for Argentina
Country has met most key targets, but 2022 inflation now projected to top 100%
PBoC injects $15 billion into policy banks
This is the first time the PBoC has used the lending tool in more than two years
Vietnam’s central bank reassures depositors amid bank run
Arrest of a prominent businesswoman triggers a run on a major Vietnamese bank
Bernanke, Diamond and Dybvig win Nobel Prize
Economics prize goes to authors of widely cited work on financial crises
The race to adopt ISO 20022 payments messaging
Some jurisdictions do not plan to adopt the protocol, while others are preparing for a disjointed implementation
BoE launches teaching resources for secondary school students
Few UK students study economics before age of 16 and schools are not required to teach finance
Four more African central banks raise rates
Ghana raises policy rate to highest level since 2017, plus hikes in Uganda, Sierra Leone and Tunisia
Eurozone governments must tackle energy crisis, says ECB
Philip Lane backed 75bp raise against opposition from some dovish members in most recent meeting
Peru and Uruguay carry out more rate rises
Peruvian policy now “clearly restrictive”, analyst says, while Uruguay warns of risks to growth
Belarusian president bans price increases
“God forbid someone decides to raise prices,” says Lukashenko