Central Banks
BoE raises rate to 1% as recession risks mount
Inflation expected to climb above 10% and GDP growth to drop to around zero
Eurozone could improve fiscal pact – ECB paper
Reformed framework should combine expenditure growth rule with “debt anchor”, researchers say
BIS economists see ‘limited’ evidence of wage-price spiral
But institutional shifts and changing expectations could set stage for greater price increases
Central banks use multiple channels for internal comms
Email and platforms developed in-house are top channels, but many others are also common
Fed makes first 50bp rate hike in decades
Central bank under pressure to curb inflation without crashing the economy
RBI hikes at unscheduled monetary policy meeting
India joins race to tighten policy, amid “vortex” of economic forces
QR code payments pave way for borrowing – BIS paper
Chinese merchants that offer QR code payments can more easily access credit from big tech firms
Icelandic central bank implements largest rate hike since 2008
Despite 100bp rate hike, policy-makers signal more tightening will be needed in coming months
Researchers try to measure public trust in ECB
“Reflective trust” is lower than “instinctive” reaction, especially among women, paper finds
Pakistani governor steps down as term expires
Government chose not to renew Reza Baqir’s term
South Korean inflation climbs to 13-year high
Central bank concerned about record price rises
Costa Rican president-elect names next governor
Róger Madrigal López will lead central bank once new administration takes office on May 8
Central banks offer wide range of comms training courses
Many train communications staff in areas such as writing, public speaking and social media
Colombian central bank raises rates by 100 basis points
Three board members voted for a 150bp hike
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
ECB renews repo line for Romanian central bank
Move comes after ECB creates liquidity facility for Poland and renews four other repo lines
RBA hikes for first time in over 10 years
Philip Lowe says RBA will also allow the balance sheet to shrink, as inflation rises more than expected
US banks anticipate delay to Basel III implementation
New Fed supervision head expected to align schedule with EU and Japan, but time is tight
Many central banks ‘layer’ news for different audiences
Techniques include use of differing language, visual and video presentation, and data release
Bank of Russia continues unwinding giant rate hike
Central bank cuts rate 300 basis points to 14%, in second reduction this month
Higher global inflation allows SNB to let franc rise – Jordan
Less integrated global economy could lead to persistent higher inflation, says SNB chair
Botswana hikes newly introduced policy rate
Central bank announces first rate increase since 2008 as inflation stays in double digits