News
US banks need higher equity capital levels, Kashkari says
“Essentially unlimited deposit insurance” poses systemic risk, says Minneapolis Fed president
Governors weigh trade-offs between inflation and financial stability
Officials stress central bank independence is key to addressing these risks
Iceland raises rates 125bp to head off ‘wage-price spiral’
MPC orders largest increase in two-year tightening cycle as inflation remains near 10%
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
RBNZ raises rates to peak level
Central bank predicts rates will come down slightly faster than in February forecast
Bernanke and Blanchard reassess causes of inflation surge
Economists who predicted surge misunderstood underlying causes, study finds
IMF urges caution in UK financial services reforms
Fund says efforts to ease or simplify rules must be “carefully weighed”
MAS launches AI training programme for key financial institutions
Central bank will design training programmes with universities and institutes
Financial security of US households ‘fell sharply’ in 2022
Inflation comes first in list of financial worries, Fed survey finds
NY Fed and MAS test distributed ledger CBDC payments
System averaged 6.48 payments a second, with peak of 47 payments a second
Slovak governor due to appear in court in July
Central bank deputy governor is new prime minister leading technocratic government
Polish central bank accuses critics of following Russian propaganda
Glapiński attacks critics, including opposition parties, as Poland prepares for election
Bank of Italy expresses concerns over flat tax
Official says policy is typical of emerging markets and could weaken income redistribution
PBoC holds key lending rates for ninth straight month
Central bank unlikely to cut rates this year amid yuan weakness, analysts say
Currency round-up: India withdraws 2,000-rupee note
De La Rue replaces chair; Canada and Philippines win currency awards; and more
Robert Lucas, 1937–2023
Nobel Prize-winner became famous for “revolutionary” work on rational expectations
Kenyan president nominates ally as governor despite scandal
Former IMF official Thugge likely to succeed Njoroge, despite 2019 arrest over dam allegations
HKMA launches retail CBDC pilots
Hong Kong central bank will work with 16 firms, including banks and payment companies
Bank of Mexico halts tightening cycle
Board says it will be necessary to keep rates unchanged “for an extended period”
IMF approves $3 billion for Ghana
Governor welcomes conditions, including cutting inflation and ending monetary financing
Dollar’s commodities link is creating risks, BIS paper warns
Simultaneous rises in dollar and commodities prices could harm stability, researchers say
Philippine central bank pauses tightening as inflation eases
Governor Medalla says rate rises seem to have affected domestic demand
Bolivian governor says country faces ‘liquidity crisis’
Authorities’ response to bank failure could worsen financial stress, analysts say
China’s National Financial Regulatory Administration officially opens
Veteran banker and former provincial governor Li Yunze will lead new regulator