Central Banking
Hungary holds rates after June ‘turning point’
Finance minister says central bank was operating in “cyclops mode”
HKMA launches new measures to support struggling SMEs
Authority expands banks’ access to company data and sets up taskforce to handle financing applications
India’s central bank to launch digital lending platform
New interface will enable frictionless credit, RBI governor claims
Triggers of August market ‘flare-up’ still in place, BIS warns
Leveraged positions remain at risk of sudden unwinding, as margin calls play amplifying role
Bank of Albania denies having ‘printed money’ to finance HQ
Allegations over 2010 purchase of Tirana property resurface after leaked state audit
BLS revises US employment downward
Bureau says 818,000 fewer jobs were created over year to March than it had previously estimated
Libya’s eastern authorities shut oilfields over CBL governor row
Move follows second attempt to storm central bank in capital Tripoli
EBA study calls for stablecoin reserves transparency
Authors say suspensions of withdrawals can prevent bankruptcy
Jamaican finance minister set to become IMF deputy MD
Fund’s chief proposes Nigel Clarke for role, while general counsel announces retirement
PBoC stress-tests financial institutions’ bond holdings
Bank steps up efforts to tame market rally while keeping key medium-term rate unchanged
Bailey highlights key challenges to central banking orthodoxy
BoE governor says focus on financial stability remains key during “Covid-Ukraine era”
Fed likely to cut rates in September – FOMC minutes
Participants at July meeting said they would need greater confidence inflation was falling
Fed chair says time has come to adjust policy
Powell warns of ‘unmistakable’ labour market cooling in speech at Jackson Hole summit
‘Beveridge threshold’ can explain US soft landing – study
Gauti Eggertson tells Jackson Hole attendees why many economists were too gloomy about growth
Hungary’s central bank completes carbon capture programme
MNB expects 75% reduction in emissions by end of 2025
Food inflation spills over in India – RBI study
Central bank economists call for disinflationary monetary policy to tame phenomenon
Bank of Israel governor calls on PM to make financial adjustments
Amir Yaron writes to Netanyahu after agencies downgrade country’s credit rating
Greedflation, if it ever existed, is correcting itself
Steve Kamin constructs a “wage gap” to assess inflationary pressures in the US
RBNZ opens consultation on more standards for deposit-takers
Central bank proposes “non-core” requirements in addition to prerequisites for licensing
Bangladesh Bank to start raising rates
Governor says further tightening will be needed as he seeks additional funds from IMF
‘Reserve asset competition’ explains global fiscal cycle – paper
Local fiscal shocks can trigger debt issuance abroad, authors find
SNB launches instant payments system
Swiss central bank says system will enable “final settlement” within seconds, 24/7
Bank of Korea holds policy rate
MPC members open to cutting rates in next three months, despite concerns over rising home prices
Lending spreads may dampen monetary policy – research
Rate hikes appear to have been muffled and cuts might be too, say Kansas City Fed authors