News
Chinese vice-premier He Lifeng appointed to key financial roles
Veteran party official to lead new bodies overseeing China’s economic policy
Covid-era fiscal policy helped fuel inflation, researchers say
Robert Barro and Francesco Bianchi say their evidence supports fiscal theory of the price level
DRC says central bank needs recapitalisation
Government says BCC has no real equity as war and elections add to economic crisis
RBA resumes rate hikes to curb sticky inflation
Australian government confirms it will make significant changes to central bank’s governance
All Cuban businesses must offer electronic payments, says ministry
New rule is part of government’s response to ‘critical’ shortage of cash
BoE wants stablecoins fully backed with central bank deposits
Systemic stablecoins would have to back issuance with unremunerated deposits
Mexico implements emergency cash plan after hurricane
Banxico authorises banks to suspend minimum payments on credit cards
BoJ’s Ueda sees hope of achieving inflation target
Japanese firms are more willing to raise wages and prices but uncertainties remain, governor says
MAS imposes further penalties on Singapore’s biggest lender
Central bank penalises DBS after country’s largest bank experienced repeated service outages
Norway and Czech Republic hold rates
Norges Bank 'likely' to make small increase in December
Schnabel warns next disinflation phase will be harder
Base effects, core inflation and supply-side risks threaten the outlook, she says
SNB to launch live wCBDC pilot in December
ECB’s wholesale digital euro exploratory work will start in 2024
BoE’s Hauser makes case against ultra-lean balance sheets
Even with central bank backstops, markets are not reliable liquidity managers, official says
US fiscal stimulus decreases output in rest of world – research
A helicopter drop policy could be the most effective co-ordinated effort
Regulators around the world join Singapore’s tokenisation project
Singapore, UK, Japan and Switzerland will collaborate on decentralised finance infrastructure
ECB raises concerns over Italian macro-pru committee
Decree should give a casting vote to governor and remove members’ vetoes, ECB says
Brazilian central bank cuts rate by 50bp again
Third consecutive 50bp rate cut enjoys unanimous support
Bank of England holds rates in second split decision
UK faces two years of above-target inflation and near-zero growth, forecasts the BoE
Malaysian central bank holds rate
Inflation in Malaysia has slowed but the ringgit is under pressure
AI could trigger explosive growth – and crush labour’s share
Past research may underestimate AI’s ‘transformative’ potential, economists say
Fed holds rates steady again
Powell said the question the committee is asking is should it hike rates more
Cipollone joins ECB board
Italian economist succeeds Panetta, who takes over the Bank of Italy
People: New governor in Sierra Leone
Brazilian president nominates two new central bank directors; new head of statistics at ECB; and more
China vows long-term strategy to resolve local debt risks
Officials stress need to strengthen Communist party control over China’s financial sector