Central Banks
RBA says CBDC decision is likely ‘some years away’
Australian central bank says a CBDC might improve payments system but also questions its necessity
Most central banks say cross-border cyber co-operation is good
Respondents from upper-middle income countries most likely to say co-operation could improve
Kazakhstan cuts main rate as outlook improves
Governor says inflation should keep falling but fiscal policy or Russian prices could derail forecast
IMF modifies deal with Argentina
Fund disburses $7.5 billion ahead of elections despite finding government failed to meet some targets
Iceland raises main rate 50bp as inflation persists
Inflation is falling but central bank warns “strong demand pressures” remain
BIS paper highlights costs and benefits of crypto regulation
Decision to regulate needs to be backed by data and clear frameworks, authors say
South Korea and Indonesia hold rates
Bank Indonesia says it will issue securities in bid to bolster rupiah
Cambodia and Laos launch cross-border payments link
Travellers from the two countries will be able to shop in their home currencies using QR codes
Most central banks report rise in cyber attacks
Majority say they co-operate well with other agencies on cyber risks
Central bank communicators at a time of transparency
Specialists discuss the evolving roles of comms staff in the policy-making process
Prospects for Palestinian economy ‘bleak’, IMF says
Fiscal crisis and “volatile” security situation undermine hopes of recovery
CPMI-Iosco report surveys CCP tools for ‘non-default losses’
Losses from investment risk or cyber attacks could threaten a CCP’s survival, report says
US wage expectations rising, says NY Fed labour market survey
Both lowest acceptable transitionary wage and expected salary hit series highs
Generative AI has ‘broad systemic implications’ – IMF
Economists argue regulators need to take action now to mitigate risks
Most central banks say AML/CFT co-operation is good
Small minority of institutions face problems working with domestic or foreign partner agencies
Digitalisation has complex impact on monetary policy – BoC paper
New technologies could affect policy transmission, communication and data tools
BoE researchers call for more advanced stress-testing techniques
Survey finds “great strides” in modelling but calls for greater complexity and feedback loops
UK debt risks likely to stay below historical peaks – BoE analysis
But firms are increasingly vulnerable to rising interest rates, economists find
High income countries’ central banks more likely to say AML/CFT risks are rising
Majority of institutions from middle income countries say money laundering risks have not risen
Dallas Fed finds emerging markets insulated against US rate rises
Proactive rate rises, transparency and accumulated FX reserves helped shield economies