Central Banking
‘Funding for lending’ may suffer side effects – BIS committee
Survey finds lending schemes tend to be effective, but firms may become dependent
Why central banks shouldn’t ignore stablecoins
Rapid growth of stablecoins could impair monetary policy transmission
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
Capital buffers not all working as intended – BoE paper
Some banks raised rates and contracted credit supply during the Covid-19 crisis
“Make-up” strategies may boost monetary policy, says paper
Price-level and average inflation targeting regimes stabilise import-related inflation, researchers find
Monetary tightening has ‘rapid’ effect on spending – BIS paper
Study finds conventional policy tools have bigger impact on consumption than unconventional ones
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
Nepal central bank prohibits overseas investments
Move follows import restrictions in 2022
European investigators meet with former Lebanese deputy governor
Prosecutor says he will appoint new judge to investigate corruption allegations against Riad Salameh
Central Bank of Bahrain governor celebrates Binance launch
Expansion into gulf state comes as other crypto exchanges cut their workforces
‘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
Mark-ups made up more than 50% of US inflation – Kansas City Fed
Rise in mark-ups may point to opportunistic pricing by firms
Russia and Iran discuss joint gold-backed stablecoin
Digital currency would be used for foreign trade settlements in special economic zone
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
BoE paper finds non-banks act as global stabilisers
Non-bank firms help dampen the impact of US monetary policy spillovers, authors find
PBoC launches offline CBDC payments
Users can also conduct e-yuan transactions with 0% battery