News
Latvian ex-governor Rimšēvičs sentenced to six years in prison
Court finds former central bank governor guilty of taking bribes
Caucasus central banks cut rates as inflation falls
Armenia, Azerbaijan and Georgia continue gradual easing, with Armenian inflation at -0.5%
ECB invites entrants for wholesale ‘digital euro’ trial
CBDC work in 2024 will test Banque de France, Bank of Italy and Bundesbank DLT solutions
Held-to-maturity assets present banking risks, paper says
Boston Fed research argues SVB failure could mean regulatory re-think
Colombian central bank begins cutting rates
Board splits over decision, as inflation remains above 10% while economy slows
MAS suspends some remittance channels to China
Singapore’s central bank acts after Chinese authorities freeze around $10 million worth of remittances
IMF extends higher loan caps for low-income countries
PRGT will be able to hand out bigger credits through end of 2024
Mozambique parliament passes SWF law
New fund will absorb oil and gas revenue in line with IMF conditions
Argentina adopts new policy rate
BCRA will use overnight reverse repo rate after halting auctions of Leliq bonds
Bank of Japan maintains ultra-loose policy
Ueda says the chance of Japan achieving sustainable above-target inflation is increasing
IMF members approve 50% increase in quotas
Decision was not unanimous and leaves voting shares unchanged
Riskiest non-banks shrink for first time since 2009
FSB says narrow measure of riskiest firms fell in 2022 as asset price falls hit investment funds
Montenegro appoints Radović as first woman governor
New governor takes office after former president failed to keep predecessor in role
Swedish inflation expectations remain anchored, research finds
Riksbank economists highlight central bank actions to tackle both low and high inflation
Bank of Russia raises rates again
Nabiullina warns of “pro-inflationary risks” from increased government spending on war
Brazilian MPC makes fourth consecutive 50bp cut
MPC unanimously anticipates cuts of the same magnitude in next meetings
Mexico holds rates again, while Peru cuts
Peruvian board says inflation is falling faster, while Banxico predicts more gradual disinflation
PBoC carries out record liquidity injection
Chinese authorities relax home-buying rules in Beijing and Shanghai
ECB holds rates as it lowers inflation expectations
Central bank intends to stop reinvesting maturing assets under PEPP in second half of 2024
BoE holds rates for third straight meeting
“There is still a long way to go,” says Bailey
Philippines and Hong Kong hold rates
BSP governor says monetary policy has to remain “sufficiently tight” to bring inflation back to target
SNB lowers inflation expectations as it keeps rates at 1.75%
Swiss central bank adopts a more dovish communication, analysts expect rate cuts early in 2024
FOMC holds rates again, ending year at 5.25–5.5%
“Committee is proceeding carefully” as inflation recedes, but slowly, says Powell
ECB paper attempts to measure spillovers from Fed policy
Authors use asset price data to estimate global effects of FOMC moves