Central Banks
No one monetary policy target optimal – Bank of Canada paper
Flexible inflation targeting one of best performers in “horse race” with other options
Venezuela to debut CBDC in October
“Bolívar digital” accompanied by redenomination of currency, which will drop six zeroes
IMF urges Bank of Sierra Leone to investigate cash shortages
Recent banknote shipment failed to alleviate shortage, fund says
Green finance and mispricing: what role for central banks and governments?
Governments and central banks cannot stay on the sidelines if they are to fix market mispricing, says Sayuri Shirai
Third parties often develop RTGS technology
Seventy-one percent of respondents said the technology underpinning their RTGS system was developed solely by a third party or in collaboration with the central bank
Digital revolution: perks of a global Chinese CBDC
Chinese central bank digital currency has the potential to boost the renminbi’s internationalisation further, but only if international investors have access.
Belize governor resigns after 19 weeks
Central bank offers few details, but country has suffered sharp economic blows
Lebanese politicians condemn governor for ending fuel subsidy
Salameh says he will not resume subsidy unless parliament allows use of mandatory reserves
SNB research highlights trade-offs in use of capital controls
Financial stability benefits come at cost of curbing job creation, authors find
Systemic banks shrink balance sheets at reporting dates – BIS paper
Authors find “systematic” balance sheet compression often results in lower capital requirements
Uganda’s growth unlikely to return to pre-pandemic levels until 2024
Central bank governor says tourism sector has been hit by Covid containment measures
Cambodia links up quasi-CBDC with Malaysia
Malaysian bank users can transfer money to e-wallet developed by Cambodia’s central bank
Payments department responsible for oversight of payments infrastructure
Heads of payments systems oversight often report to departmental head, but some report directly to the governor
Somalia relaunches payments system after three decades of absence
World Bank played key role in restoring system to war-torn country, governor tells Central Banking
Peru hikes policy rates as inflation exceeds target
Central bank says policy is still expansionary stance as real rates stay at -3.3%
Bank of Mexico continues tightening with split vote
Governor stresses central bank needs to be cautious as inflation rises above target
HKMA to hold AML/CFT ‘lab sessions’ for firms
Hong Kong’s central bank wants firms to upgrade AML/CFT technology
Malaysian central bank to impose uniform base rate for retail loans
Unified rate will improve monetary policy transmission and consumer transparency – BNM