Official Record
Egypt announces ‘record’ inflation
Inflation continues rising despite monetary tightening and could trigger IMF consultation
Bank of Canada raises rates 25bp
Central bank now predicts inflation will return to its 2% target in mid-2025
RBNZ halts tightening cycle
Central bank says policy rate will need to remain at a “restrictive” level for some time
Bank of Israel halts tightening cycle
Central bank signals it could raise rates further if inflation does not continue falling
ECB opens public consultation on new banknote design
Shortlisted themes include birds, rivers, European culture and values
Uganda passes Islamic banking law
Parliament removes provision for sharia advisory council at the Bank of Uganda
Taiwan’s central bank calls for wage rises
Report calls for more unionisation after real wages fell in first quarter
World Bank releases country income classifications
Seven countries promoted, while Jordan falls a category due to population growth
Brazil regulators cut off loans for environmental law violators
Resolution marks change in policy from Bolsonaro era
RBA keeps policy rate steady
Decision comes after Australia’s inflation slows in May
World Economic Forum warns of CBDC ‘alliances’
Report recommends interoperability via “token switching” and common messaging standards
Nigerian central bank caps contactless payments
Move limits consumers’ daily contactless payments to $66
Bank of England adopts ISO 20022
Businesses and consumers may have more data input options by year’s end
Angola appoints deputy governor to top job
Tiago Dias succeeds Massano, who left to join cabinet
State Bank of Vietnam cuts interest rates
Move comes after government’s call on the central bank to support businesses and economic growth
RBI expands branch network to north-east India
Kohima branch gives central bank presence in six of region’s seven states
CPI inflation cools slightly in the US
Headline and core inflation reach relative lows in May
Argentina defers over $15 billion interest in debt swap
Struggling country eases fiscal pressures while inflation continues rising
Eurozone’s economy contracts for two quarters running
Economic contraction will be a focal point of ECB meeting on June 15
‘Stubborn’ inflation puts an end to Canada’s tightening pause
Bank of Canada raises main rate by 25 basis points as it predicts inflation will fall to 3% in the summer
Eurozone consumer inflation expectations down ‘significantly’
ECB data shows median 12 months ahead expectations fell to 4.1% in April
Riksbank to investigate year-end distortion in money market rate
Swestr tends to decline in the last business day of the year
Eurozone inflation declines sharply in May
Core inflation declines from 5.6% to 5.3%
IMF considering Liechtenstein application
European microstate could become 191st member of fund