News
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
Fiscal policy may complicate fight against inflation, says Macklem
Bank of Canada governor warns projected spending may ‘not be helpful’ for monetary policy
Ex-governor backs candidate who wants to abolish BCRA
Guido Sandleris says ‘continuity of Kirchnerism’ would be worse for Argentina
Bénédicte Nolens on the latest mBridge developments
The head of the Bank for International Settlements’ Hong Kong Centre speaks about cross-border CBDC governance, ongoing FX challenges and evolving technology
BoJ scraps rigid bond yield cap
Central bank further loosens YCC, ends daily bond buys and raises inflation forecasts
Zimbabwe cuts policy rate to 130%
Reserve Bank reduces rate by 2,000bp as inflation eases, according to official figures
Former executives of troubled lender wanted by Vietnam police
Central bank is looking for investors to acquire failed Saigon Commercial Bank
US sanctions Russia-linked investment bank in Hungary
Orbán government withdraws from lender called “spy bank” by opponent
Russia raises rates, Ukraine lowers them
High domestic demand pushes up prices in both countries
China sets up renminbi clearing bank in Laos
New currency clearing arrangement is China’s fifth in South-east Asia
Chile continues lowering rates, despite weakening peso
Central bank also halts reserves accumulation, citing market turmoil
Fed proposes lowering permitted debit card fees
Proposal draws ire from Michelle Bowman and banking trade associations
Swedish parliament urged to reinforce legal status of cash
“More consumers and businesses need access to payment accounts,” says Riksbank governor
Remittances to Mexico reach record high, says Dallas Fed
Researchers say strong US construction sector fuels funds transfers
Bank of Canada holds policy rate again at 5%
Central bank suggesting rates will stay high as inflation remains strong
ECB holds rates unchanged at 4%
Central bank pauses tightening cycle after 10 consecutive rate increases
RBA’s Bullock rules out setting an employment target
Governor says full employment cannot be reduced to a single measurement
Riksbank to offer counterparties new liquidity and deposit facilities
Measure aims to prevent volatility in overnight market rates as central bank reduces liquidity