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Philippines holds rates at unscheduled policy meeting
BSP is latest central bank to highlight inflationary risks from current geopolitical developments
YCC, carry trades and the changing role of the yen
Marcello Minenna argues that as the BoJ adjusts its policy regime, changes in carry positioning are increasing the instability of the correlation between exchange rates and yield differentials
Inflation shock upends Aussie dollar rates flatteners
Hedge funds’ front-end curve trades stopped out as Iran conflict drove RBA terminal rate pricing higher
Iran war and persistent inflation will derail policy – panellists
Former St Louis Fed president joins ECB and BIS’s chief economists in outlining future paths
Chile holds rates amid upcoming surge in fuel prices
Measure by new government will allow fuel prices to jump on March 26
BoE faces its toughest test in four years
Path to contain inflation from supply-side shocks is different compared with 2022–23
Non-executive directors earn five times less than governors
NEDs work an average of 14 hours weekly, Governance Benchmarks 2026 find
Backdrop to energy shock ‘more benign’ than in 2022 – Lagarde
ECB president says it is still too early to tell if rates will have to rise in response
Dirk Niepelt on the political economy of CBDCs
The BoE CBDC adviser discusses the social role of a retail digital currency versus commercial bank money and favours a remunerated approach
PBoC reserve ratio cut spurs short-term FX hedging
Removal of 20% forex risk rule drives exporters towards options and onshore forwards
Second-round effects from Iran war could persist – BoE’s Pill
Bank’s chief economist says ‘structural change’ in wage-setting behaviour warrants caution in policy
Fed should still ease policy amid energy shock – Miran
Governor says his outlook for four rate cuts this year remains unchanged
Economists expect BoK to tilt hawkish under Shin
Expert says new governor to bring ‘distinctly BIS-influenced framework’ to South Korean central bank
Boards with salary-setting duties have largest membership
Greatest number of non-execs appointed by government
Rising reliance on internal auditors spooks regulators and industry
Risk managers warn US is substituting supervisors with auditors; could compromise independence
‘Rolling windows’ method may help evaluate big data forecasts
Barbara Rossi presents new approach at ECB’s AI conference
BIS study uncovers credit crunch driven by geopolitics
Paper finds that lending recovers more slowly than trade following shock events
Paraguay signals neutral stance with pause in easing cycle
Central bank expects inflation to rise to 3.5% target by end of year
PBoC’s Pan links China’s surplus to flaws in monetary order
Global imbalance result of one currency dominating international system, governor says
ECB expects growth, even in ‘most severe scenarios’ – de Guindos
Outgoing vice-president downplays chances of Lagarde finishing her term early
Hyun Song Shin nominated as Bank of Korea governor
BIS’s former top economist says he will helm central bank at ‘critical juncture’
Roughly 40% of central banks lack a monetary policy committee
Governing boards remain widely responsible for setting overall strategy
US blows the floors off Basel III
Barr criticises 'downward deviations' in US rule; Bowman rejects 'blind adherence' to global standards
Russia eases amid Middle East conflict uncertainty
Central bank says it is too soon to estimate war’s likely impact on domestic economy
Czech Republic, Moldova, Sweden and Ukraine all hold
Riksbank also lowers rate for supplementary liquidity facility as liquidity starts to dry up
BIS authors say Bistro should be on central banks’ menu
Economists say new LLM is better at projecting inflation than standard econometric models
People: Austria nominates IMF executive director
Plus: Turkey’s former governor joins Canadian finance firm; new Bulgarian deputy nominated
One in six central banks is being recapitalised
Process is ‘not as smooth as we would want it to be’, benchmark respondent says
Central banks in China, Hong Kong and Taiwan hold rates
Taiwan tilts hawkish, Hong Kong follows Fed and China expected to ease by 10bp this year
Interest rate crosswinds buffet IRRBB teams
Political intervention and rapid-fire law changes are skewering bank models for forecasting cashflows
ECB holds rates, predicts 2.6% inflation for 2026
Lagarde presents gloomy outlook for eurozone inflation and growth as energy prices spike
Bank of England holds rates and hints at hikes
MPC member says UK economy ‘damaged’ by energy shock as war triggers first unanimous vote since 2021
Brazil starts easing with cautious rate cut amid oil shock
BCB says Middle East conflict has intensified domestic inflation risks
SNB holds rates, vows to fight franc appreciation
Bank says short-term inflation pressures are high but will remain ‘virtually unchanged’ in medium term
Governors of smaller central banks earn slightly below global average
But governors’ salaries remain above $200,000 a year
BoJ holds as Middle East conflict threatens higher inflation
Ueda says Japanese firms could pass on costs ‘more aggressively’ than after start of Ukraine war
Fed holds amid uncertainty over oil shock and tariffs
Powell pledges to stay on as interim chair if Warsh’s nomination is not confirmed in Senate
CBN governor calls on EBRD to act locally in Nigeria
Cardoso points to alignment of interests between private sector and country’s subnational authorities
Canada holds rates amid potential energy shock and jobs downturn
Governor Macklem says sustained higher prices would warrant monetary response
Iceland hikes rates by 25bp
Inflation continues to rise as central bank aims to pre-empt effects of energy shock
UAE launches support programme for country’s banks
Central bank releases capital buffers and provides capital rule relief to help lenders during conflict
European governors serve longest average term length
Central bank governors rarely appointed for one term or 3+ terms
G+D’s Tanja Heßdörfer on the challenges of CBDC
The German company’s head of digital currency advisory discusses the key challenges surrounding digital central bank money
Indonesia holds rates and adjusts FX rules to stabilise rupiah
BI says Middle East conflict provides greater reason for fiscal-monetary policy co-ordination
Australia hikes rates to combat inflation
RBA says price rises are result of capacity pressures, and persistent oil rally may worsen situation
One-fifth of central banks say governing laws are inappropriate
Government still sets salaries at one-tenth of jurisdictions
Fed watchers welcome court ruling on Powell
However, expert says DoJ’s appeal against decision could thwart Warsh’s confirmation as Fed chair
BIS urges central banks to look through energy price surge
Oil and gas prices up 40% and 60% respectively since Middle East conflict began
ECB says AI risk monitoring should not be a one-way street
Bank wants to exchange information on lenders’ AI model risks with market surveillance supervisors
Hélène Rey to head BIS monetary and economic department
Scholar of international monetary system will replace Hyun Song Shin later this year
