Central Banks
Turkey keeps interest rates unchanged
Central bank says people’s inflation expectations are more pessimistic than its own
BIS publishes centuries of data on central bank balance sheets
New “spliced” series extends back to founding of Sweden’s Riksbank in 17th century
Sweden’s central bank cuts rates by 25bp
Sveriges Riksbank says country is in “mild recession"
Libya’s central bank resumes operations
Move follows “safe return” of kidnapped official
RBA minutes reveal hawkish outlook after rate hold
Members considered hike during last meeting, MPC says
Supra-national stress tests less common in middle income countries
Most central banks conduct stress tests of banks more than once a year
US housing may become increasingly affordable – paper
Authors cite income growth and housing price appreciation that trails inflation as contributory factors
Libyan central bank halts work after IT director abducted
Kidnapping comes after armed protesters call for governor’s resignation
SNB lowers sight deposit remuneration threshold factor
Central bank’s payments to lenders likely to fall in short term
BoC paper offers monetary policy ‘decision synthesis’
Authors say model combination method helps capture complexities of decision-making
Uruguay holds rate for fourth consecutive time
Central bank projects inflation will remain with 3–6% target over coming two years
US and China bolster collaboration on financial stability
PBoC and Treasury strengthen communication channels for managing periods of stress
Majority of central banks carry out cyber defence exercises
Respondents suggest ways to improve exercises’ effectiveness in building up resilience
Growing divide between ethereum investors – Philadelphia Fed study
Paper claims returns disadvantage “minnows” more than would be case with conventional assets
Brazil congress postpones central bank autonomy bill again
Senate committee yet to schedule new date for vote on proposed law
Sri Lanka’s central bank forecasts fall in inflation
CBSL says figure will fall to its lowest point in early 2025 before rising again towards 5% target
Financial literacy quickens monetary policy reaction – study
Improving people’s knowledge of money matters could strengthen transmission
Lenders not ready for resolutions – EBA research
Authority finds commercial banks still unprepared for bail-in tool
MAS to conduct quantum security trials with major banks
Experiments on quantum key distribution aim to enhance financial sector’s cyber resilience
Cyber attacks increased in most countries over past two years
Central banks want cyber experts, awareness campaigns and collaborations to mitigate risks
Philippines cuts rates by 25bp
Inflation moving towards target, central bank says
Inflation in India falls to five-year low
Food inflation is also at its lowest level for more than a year
BIS paper links interest rate risk to bank lending supply
Monetary tightening affects bank lending more when “duration gap” is larger, authors find