Bank of Thailand (BoT)
BIS to trial Asian instant payments link
Project Nexus aims to create standardised cross-border link for different countries’ systems
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
The Bank of Thailand governor speaks with Christopher Jeffery about the trend towards higher inflation, the sustainable finance challenge, experiments with CBDCs and governance issues related to multi-lateral payments
Rates round-up: Canada to pause after 25bp rate rise
Thailand ups 25bp; Nigeria increases sharply; Angola opts for cut; and more
Bank of Thailand to open virtual banking applications
Virtual banks should open in 2025 and come under same regulatory regime as existing lenders
There’s work to be done on RTGS contingencies
Central bankers from Canada, Thailand, Singapore and Brazil discuss RTGS backup planning, including how redundancy, cost and complexity prevent central banks from operating more contingency sites
Bank of Thailand governor calls for better inflation model
Phillips curve model under-predicts inflation, argues governor Sethaput
Bank of Thailand raises interest rate by 25 basis points
Central bank decision comes after headline inflation eased to around 6% in October
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
BIS and central banks say multi-CBDC platform trial was a success
Central banks of China, Hong Kong, Thailand and UAE took part in US$22 million cross-border trial
Currency round-up
New notes for Paraguay, printing error for Thailand, and news from Peru, Costa Rica and Tonga
China, Hong Kong, Thailand and UAE complete cross-border CBDC test
Bank for International Settlements co-ordinated the trial on its mBridge platform
Thailand’s central bank raises rates 25bp again
Inflation reaches highest level since 2008 as Thai currency weakens
Social media: an essential tool for central bank communication
Strategies to secure popularity, comprehensibility and reputation as new media takes centre stage
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Taking a cue from the top: governor turnover and independence
Central bank governors tend to have long tenures, but what that means can vary. High turnover remains a worrisome signal
Thailand raises rates for first time since 2018
Bank of Thailand signals more “gradual and measured” rate increases to come
Bank of Thailand to launch retail CBDC pilot
BoT says it does not have plans to issue a retail CBDC yet
Asian central banks deploy FX reserves to prop up currencies
Analysts remain confident in Asia’s financial stability, but recession risks are building
Thai MPC split over rate hikes, minutes show
Minority of committee members voted for policy rate rise at last meeting
The Central Banking Awards 2022 virtual ceremony
View the trophy presentations and acceptance comments from the winners of the ninth annual Central Banking Awards
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
Tackling private-sector debt in the wake of the pandemic
Navigating Covid-19 debt is more of a challenge amid gathered storms of inflation and war, write Roong Mallikamas and Benjamin Weigert
Tech talent: a global bottleneck for central banks?
Central banks are struggling to recruit people with the right fintech expertise. The search for talent may also create new ethical challenges in managing links to industry
Central Banking Awards 2022: the winners in full
Recipients of the 2022 awards include Stanley Fischer, the Bank of Korea, Mario Marcel and many more