News
Bahamas SDR law gets parliamentary approval
Opposition claims government wants to legalise use of IMF assets after the fact
BSP governor warns against cutting rates faster than the Fed
Medalla’s comment follows central bank’s recent move to support the peso
Chile governor warns committee against adding mandates
Debate over central bank role continues in Chile’s second attempt at new constitution
First Republic Bank at risk of collapse after deposit flight
Shares in US bank plummet as scale of outflows becomes clear and rescue options remain obscure
Riksbank increases rates by 50bp in divided vote
Two board members preferred a 25bp rate hike while leaving open further increases
Digital euro could be available via bank apps, ECB says
Approval of third round of design options does not entail progress beyond investigation
Fed triennial study shows rapid growth in electronic payments
ACH payments contributed to 90% of non-cash payment value increases in three years
Italian PM considering sovereign wealth fund
SWF would support domestic industry and rely on “enormous savings”
Communications Benchmarks 2023 charts
Take a deep dive into the Communications Benchmarks charts, which have just been released for 2023
Higher inflation and rates will not reverse asset diversification
Most reserve managers expect diversification will continue, whether unchanged, accelerated or at a slower pace
Zimbabwe will mint ‘digital gold token’, says governor
Mangudya says RBZ will offer “store of value” as alternative to foreign currency
PBoC and MAS join forces to promote sustainable finance
New task force will work to align green taxonomies in China and Singapore
People: BIS appoints deputy head of MED
Riksbank to shrink board; De La Rue chair resigns; Hungary appoints MPC members
Above-target inflation main risk for reserve managers
Central banks rank geopolitical tensions as the second most pressing risk in 2023
Brazilian governor rejects senator’s rate cut ‘plea’
Campos Neto says he leads a “technical body that makes technical decisions”
Argentina raises rates 300bp and restricts access to dollars
Peso falls sharply in April as inflation soars and BCRA struggles to obtain hard currency
Suriname president signs central bank independence law
IMF currently withholding loan payments to corruption-plagued country
Costa Rica cuts rates for a second time in a row
Inflation still above target but has fallen steadily since September, board says
CBDC could increase financial instability, Fed’s Bowman warns
Retail CBDC would not improve payments or financial inclusion, she says
Uruguay cuts rates citing ‘gradual decrease in inflation’
Country becomes second in Latin America to start unwinding rate rises
RBA review calls for major policy and governance changes
Australian government welcomes call for new rate-setting body and clearer mandate
BoE and BIS test synchronised DLT settlement
Prototype leaves open legality of digitised asset transfer
Immigration decline hurts growth and inflation prospects – Fed research
Dallas Fed VP says “absolutely” a link between low immigration and rising inflation
BoE prepares shake-up of UK deposit insurance
Proposals aim to boost efficiency of payouts, as Bailey hints limits could be raised