Central Banks
More than half of US organisations ‘vulnerable to IT failure’
New research underlines cyber risks to central banks following CrowdStrike IT outage
Perceptions of monetary policy shape inflation – Dallas Fed paper
Academics say Phillips curve not always applicable post-Covid
Acting US comptroller warns of threats to stability
Hsu defends preemption, federal oversight and increasing regulation for large banks
Higher-for-longer inflation remains risk – Bank of Finland chief
Political uncertainty in eurozone dominating discussions in Frankfurt, says Olli Rehn
PBoC cuts suite of key interest rates
Move follows weaker-than-expected Q2 growth and policy meeting by Communist party
Monetary Policy Benchmarks 2024 – executive summary
Key findings from the benchmark on policy tools, liquidity facilities, transparency and more
State-supplied firms in Belgium are less profitable – study
Research by central bank shows financially troubled firms sustained by government orders
Egypt holds rates as inflation recedes
Central bank only forecasts significant decline in inflation next year
Global current account balance to narrow, IMF says
Weakening commodity prices have stripped energy-exporting countries of their surpluses
Macro-prudential announcements cut systemic risk, paper finds
BoE paper says unexpected changes that tighten policy are effective
Spanish political parties fail to agree on new governor
Opposition refuses to accept government’s nomination of former ECB official Escrivá
UAE to link payments system with Indonesia and Ethiopia
UAE and Ethiopia sign currency swap agreement worth up to $817 million
BoE’s high-value payment system hit by ‘global payments issue’
Settlement of some payments delayed after problem originating with Swift; ECB delays closure of Target systems
European Central Bank holds rates
Inflation set for return to target in 2025, as Lagarde defends ECB response to staff burnout
Basel Committee finalises crypto asset disclosure rules
Disclosure and prudential standards to be implemented by 2026
Nature risk poses ‘major data and modelling challenges’ – FSB
Stocktake finds supervisors at varied stages of analysing biodiversity loss and related risks
Central clearing creates repo concentration risk – research
‘Window dressing’ is a uniquely European phenomenon, Bank of Italy study finds
Banks not fully prepared for repo risks – BoE’s Benjamin
Margining practices fail to account for “jumps to illiquidity”, executive director says
Eurozone consumers’ smart payments use limited – ECB paper
Many customers believe merchants do not accept non-cash methods, researchers say
Monetary Policy Benchmarks 2024 report – back to normality?
Data reveals trends in use of policy tools as well as operating frameworks and communications
Trump says he would probably let Powell continue on Fed board
If he is “doing the right thing”, Jerome Powell can serve out his term, former president says
FSB issues recommendations to improve cross-border payments
Data flows and payment service providers among the key areas of concern