Central Banks
Bank of Israel governor warns government over debt
Yaron calls for new committee to determine military budget
ECB should cut rates earlier, says BdF governor
French government has failed to reform since 2015, Villeroy de Galhau says
Laos and Brunei join Asian cross-border payments initiative
Laotian and Thai central banks also launch new cross-border payments link
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
People: January to March 2024
A round-up of central bankers in the news and on the move during the past three months
Central bank independence usually safeguarded by law
But one in 10 respondents see their autonomy threatened
Slight majority of US consumers ‘warm’ to CBDC, survey says
Respondents most interested in free use and widespread market adoption, Philadelphia Fed finds
Long-term inflationary pressure set to rise, research finds
Changed environment makes central banks’ task harder, Kenneth Rogoff and other researchers say
A new climate of change
Central banks are warming up to address climate risks just as US interest cools
Chile cuts monetary policy interest rate to 6.5%
Unanimous decision comes in wake of economic upturn
Polish MPC splits over legal process against governor
Three MPC members call for Glapiński to account for prediction of large NBP surplus
Most central banks have policy independence
But some respondents provide details of pressure they have faced to change policy
AI threatens labour’s share of income, research finds
AI could increase inequality and social unrest, Philadelphia Fed paper argues
BIS project aims to redesign global payments infrastructure
“Most ambitious” innovation hub project to date will test BIS’s “unified ledger” concept
Monetary policy may have counterintuitive housing price effects – research
Researchers from the Dallas Fed say indirect effects may undercut policy’s aims
Digital payments in Saudi Arabia rise to 70% of retail transactions
Transactions processed through national payment systems hit 10.8 billion
MAS launches AML data-sharing platform
Banks can share data on suspicious activities by customers, Singapore’s central bank says
Middle income central banks lag on diversity and green policies
But code of ethics and whistleblower schemes remain common standards
Riksbank asks government for recapitalisation
Governor called for stronger self-financing capacity in January
Nigerian central bank imposes capital levels on lenders
Move comes after MPC calls for renewed efforts to recapitalise banks
BoE plans upgrades to data collection process
Overhaul includes work on validation, communications with firms and common data standards
Two Fed governors say there is no need for rapid rate cuts
Cook and Waller call for caution but welcome some labour market developments