Central Banks
Armenia central bank raises policy rate 50bp
Inflation forces rate hike, matching moves by other former Soviet republics
Chilean central bank measures country’s carbon footprint
Study aims to create methodology to assess emissions and develop plan to cut footprint
People: US set to name OCC chief; IMF’s Werner to retire
New deputy governor appointed in India; former Ecuadorian general manager dies; and more
RBI steps in with liquidity amid worsening Covid outbreak
Central bank “stands in battle readiness”, governor says, as virus death toll climbs
Implementing Basel III accords must not be delayed – ECB’s Enria
Financial sector is calling for further postponement but this will bring no benefits, supervisor warns
Dallas Fed chief wants to talk about tapers
Comments may indicate split at Fed, though FOMC remains committed to asset purchases
SNB’s Jordan rejects higher profit distribution
Current system takes into account market risk stemming from ever-larger balance sheet
BoE prepares to break with EU rules on smaller banks
Central bank signals a more tailored approach to regulating non-systemic banks
Colombia’s central bank revises up growth forecast
Board maintains rates at 1.75%, as IMF says delays in vaccination could hamper recovery
Greening the central banks
What are members of the NGFS doing to ‘green’ their own operations? Officials from the central banks of Belgium, Canada and Morocco highlight some of their initiatives
Nigerian central bank sacks board of third-largest lender
Central bank governor Emefiele says senior managers made large non-performing “insider loans”
Brazilian opposition and prosecutor challenge central bank law
Former president’s party argues law giving central bank more autonomy is unconstitutional
Central banks remained net gold buyers in Q1
Rate of gold buying down on first quarter of 2020, as Hungary leads purchases
RBNZ does not have ‘adequate’ AML/CFT resource – FATF report
New Zealand central bank needs more AML/CFT resources and tougher penalties
Central clearing of Treasuries could cut disruption – NY Fed paper
Central clearing could have avoided most settlement failures during Covid-19 crisis, authors say
Singapore’s SWF starts work on cross-border payment network
JP Morgan, DBS Bank and Temasek say project will build on collaboration with MAS
Friends say Myanmar deputy governor still alive
Bo Bo Nge’s whereabouts are unknown but military junta denied rumours of his death this month
MAS and Bank of Thailand connect retail real-time payments
Transaction times will be reduced to minutes as opposed to one to two days, central banks say
Insolvencies could jeopardise EU recovery – ESRB report
ESRB calls on governments and banks to plan a smooth phasing-out of support measures
Iran’s central bank tries to unfreeze foreign assets
Governor seeks to reduce effects of US sanctions, but expert says nuclear talks will be key
ECB paper measures economic uncertainty in eurozone
Researchers present method to monitor changes in uncertainty in eurozone and its trading partners
Fed plays down US economic rebound
Powell says economy still “a long way from our goals” as FOMC holds policy steady
Australia, Canada and New Zealand form network for indigenous inclusion
Ottawa will host symposium on indigenous economics later this year
Central banks play growing role as local gold buyers
Purchase programmes can save resources, while helping to foster security and fairness in mining industry, report says