News
People: Former PNG central bank governor dies
Bank of Canada appoints non-executive deputy governor; Patra’s term at RBI extended
Danish National Bank gets new governor
Christian Kettel Thomsen had long career at finance ministry and served as EIB vice-president
Alan Budd: 1937–2023
Economist played key role in establishing BoE’s inflation-targeting framework
Argentine minister announces debt buyback
Government will repurchase up to $1 billion in foreign currency bonds “to lower risk premium”
Ethiopian PM nominates new central bank governor
“Young technocrat” Mamo Mihretu has served as head of sovereign wealth fund
Head of Jamaican financial regulator resigns over fraud scandal
McFarlane leaves after alleged fraud at investment bank costs sprinter Usain Bolt millions
Federal Reserve chair Powell infected with Covid-19
Illness means he may not be able to attend next rate-setting meeting in person
Colombia finance minister says no more rate hikes needed
Ocampo says December inflation figure of 13.1% was the peak level
Cuban foreign exchange reserves have fallen, state says
Unusual disclosure in official publication sparks speculation about country’s financial position
Some US banks “too big to manage”, OCC head warns
Acting comptroller Michael Hsu says agency may clarify regulation to improve governance
Malaysian central bank holds rates while Indonesia hikes again
Both countries report marginal rises in inflation and BNM warns of global growth slowdown
FSB finds implementation of non-bank reforms still ‘incomplete’
Banks are well insulated but more progress needed on liquidity management and securities financing
CBDCs need ‘self-custody’ to achieve inclusion – MIT Media Lab
Self-custody is currently “impossible for state-issued currency in the digital realm”
Bank of Japan defies expectations of yield curve change
Governor says it will take time for last month’s yield curve tweak to play out
European investigators meet with former Lebanese deputy governor
Prosecutor says he will appoint new judge to investigate corruption allegations against Riad Salameh
‘Geo-economic fragmentation’ could cut GDP by 12%, says IMF
Georgieva says world faces “new Cold War”, putting global financial stability at risk
S&P worried about Israeli plans to use SWF funds, says report
Finance ministry says no bill has been prepared
Nigerian lawyers call for security service to end pursuit of governor
Former governor was also arrested in case seen as politically motivated, senior lawyer says
China set to ease borrowing limits for ‘high-quality’ developers
New measure is part of a 21-point plan to support the reeling property sector
Fed presidents in chorus for smaller rate hikes
Harker, Daly, Collins and the departing Evans all signal preference for 25bp in February
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
Sri Lankan IMF deal blocked by debt problems, governor says
Bailout package needs agreement on Chinese and Indian loans, Weerasinghe says
Ban, contain, regulate: BIS weighs crypto policies
Central banks can do more to address inefficiencies in the monetary system, authors say
Bank of Korea raises policy rate to 14-year high
Two central bank board members voted to hold the rate steady