Central Banks
Clash between Yemen’s central banks escalates
Rival central banks issue retaliatory bans on transacting with financial institutions
Majority of central banks increased payment system budget in 2023
Nearly half of central banks say resourcing is not sufficient
ECB cuts policy rate by 25 basis points
Strong eurozone wage growth rules out commitment to further cuts, says governing council
Bank of Canada reduces rates by 25bp
Macklem says runway for a soft landing is in sight and policy is working
Economics is becoming exclusive, RBA official warns
Drop in diversity among Australian economists will hurt discipline, Jacqui Dwyer says
Average cost of running RTGS systems is $1.8 million
Annual costs slightly higher than last year’s benchmark
Lessons from the banking turmoil of 2023
Guardrails on capital, liquidity, deposit insurance, resolution, digitalisation and disintermediation need a rethink
Turkish court challenges president over governor dismissals
Presidential adviser says Erdoğan will still be able to sack governors
How Argentina’s financial tango could become a dance of death
Central bank and government’s unholy alliance is storing up further trouble for economy
Oman central bank joins Afaq payments system
System is operated by company owned by Gulf region’s central banks
Atlanta Fed cuts second-quarter US GDP estimate
Bostic says “orderly slowdown” could be positive news
IMF’s Gopinath calls for international trade co-operation
US-China tensions have redirected trade flows, deputy director says
RBNZ governor in dispute with pro-business group
New Zealand Initiative spars with Adrian Orr over prudential policy
Most RTGS systems operate between seven and 12 hours daily
More than 40 institutions on average have direct access to infrastructure
Most Germans would use digital euro – Bundesbank
Privacy, sturdiness and offline functionality among top concerns, survey finds
BdF paper looks at what new global currency would need
Unified debt market would go “some way” to internationalising the euro
Most central banks optimistic about tokenisation
Programmability, digital signatures and enhanced security are some purported benefits
Lkhagvasuren Byadran on geopolitics, gold and 100 years of central banking on the steppe
Bank of Mongolia governor Lkhagvasuren Byadran speaks about monetary and financial reform, embracing AI and fintech, and Mongolia’s new SWF
Banknotes: April to June 2024
A round-up of news and salient issues that have affected central bankers in the past three months