Central Banking
Digital pound unlikely to be monetary policy tool – Cunliffe
Deputy governor says effect of paying interest unclear and could clash with other objectives
Swiss authorities freeze Lebanese governor’s assets – report
Lebanese prosecutor orders judge to pause investigation of crisis-hit banks
IMF officials: do not make crypto legal tender
Fund leaders call for cautious approach to digital assets at February meeting
Israel political crisis sparks fears for economy
Bank of Israel governor reportedly convened financial stability committee last week
Disinflation may trigger recession, say Mester and Jefferson
Fed president and governor acknowledge policy tightening is uncertain and costly
FSB sets ‘priority actions’ for global payments reform
Broad study of interoperability and alignment has been narrowed down to specific actions
FATF suspends Russia and grey-lists Africa’s largest economies
South African president pledges rapid reform as Yellen hails action against Russia
US and UK sanction Russian bank licensed in UAE
Central bank “studying options” as Ukraine allies target sanctions evasion
Court rules golf tour organisers can sue Saudi sovereign fund
PGA Tour and Saudi-sponsored rival pursue dueling lawsuits in US court
BIS welcomes end to investors’ ‘sanguine attitude’
Optimism over future easing clashed with what central bankers were actually saying
Marks (and sizes and colours) of distinction
Many central banks make an effort to make cash accessible to blind and partially sighted users
Carstens sets out vision for future monetary system
Programmable money on shared ledger would preserve two-tiered structure
Biden nominates Ajay Banga to lead World Bank
Ahead of the nomination, some argued president should pick a non-US citizen
Fed spurns Custodia a second time
Central bank again denies membership application from Wyoming crypto firm
CBRT cuts policy rate to support earthquake recovery
Central bank fears supply disruption from natural disaster could add to inflationary pressures
US court rules plaintiffs cannot seize Afghan reserves
Judge supports earlier ruling that frozen assets belong to Afghan government, not the Taliban
China considers veteran banker as next PBoC governor
Former deputy PBoC governor Zhu Hexin is leading the race for the central bank
Fed, FDIC, and OCC warn banks over crypto deposits
Risks from crypto firm deposits are correlated, heightened and unpredictable, Fed says
Lebanese governor is charged with financial crimes
Prosecutor asks higher court to examine case against Riad Salameh
Iran imposes FX controls as currency falls again
Commodities inflation bites ahead of upcoming new year
IMF allows five regional banks to hold SDRs
Development banks in Europe and the Americas are now “prescribed holders”
South Korea holds rates for first time in 12 months
Governor says further rate hikes are possible as figures show economic contraction in last quarter
BoE’s Mann challenges idea of ‘long and variable lags’
MPC member says changing transmission of policy in UK may demand more tightening
How US demographics complicate the Fed’s job
Ageing population and pandemic legacy are confounding economists’ predictions