Central Banking
Bank Indonesia delivers another 50bp rate rise
Governor Perry Warjiyo describes the rate hike as a pre-emptive move
DNB advises pension funds to boost liquidity – report
Following UK crisis, Dutch central bank asks funds to monitor stress signals and review liquidity rules
Brazil set to nominate Goldfajn to lead regional bank
Competition to lead Inter-American Development Bank heating up
Nominal interest rates strongly affect savings – ECB paper
Simple models based on real rates do not accord with eurozone data, researchers find
Hong Kong sets up investment company using HKMA funds
Analysts draw parallels between the new company and Singapore’s sovereign wealth fund Temasek
Banks in Kyrgyzstan suspend Mir
Operations limited in Kazakhstan, Uzbekistan, Turkey and Vietnam on threat of US sanctions
Demand for cash in turbulent times
Antti Heinonen analyses trends in cash use as Covid fades, but new shocks take its place
Bank of England to go ahead with QT
Central bank delays start of bond sales by one day to avoid fiscal announcement
Eurozone sovereign downgrades increased corporate risk – ECB paper
Ratings changes for “core” eurozone countries had largest effects on corporate bonds
CBDC, cash and fast payments: the view from the IMF meetings
Digital currency and fast payments present ample opportunity for improvements, say policy-makers
Independence white paper outlines possible Scottish central bank
Proposals map out “the process of establishing a Scottish pound”
IMF recommends using reserves ‘prudently’ to offset dollar strength
Floating currencies, IMF precautionary lines and reactivation of Fed swap lines among possible measures
Report of delay to QT ‘inaccurate’, BoE says
Article says central bank is “expected to bow to investor pressure” for delay to asset sales
China’s CBDC spending surpasses 100 billion yuan
PBoC vows to promote e-yuan use beyond retail payments
People: Kuwait appoints first woman deputy governor
New deputies in Sri Lanka, Ireland and Zimbabwe; Turkish MPC member dies; and more
US and European policy-makers feel ‘vindicated’ over aggressive hikes
QT may deserve a slower approach than traditional policy, says Jacob Frenkel
BoE ends bond purchases as government rolls back tax cuts
Gilt market rebounds as government axes most of its controversial ‘mini-budget’
Hungary makes emergency intervention to defend forint
Action comes after the central bank said it would cease rate rises
Hsu says US needs proper regulation of bank-fintech alliances
Policy-makers focus too much on crypto, says comptroller
BoK governor highlights difficulty in forward guidance
Rhee Chang-yong says he may reassess forward guidance amid exchange rate pressure
Atlanta Fed chief admits to trading rules violations
Bostic claims he misinterpreted rules on funds managed by third parties
African governors face multiple financial ‘floods’
Kenyan governor says a “doubling, tripling” of access to IMF resources is needed
State Bank of Vietnam expands exchange rate trading band
Move effectively allows the dong to fall further against a strong US dollar
PBoC rolls over 500bn yuan policy loans to maintain liquidity
Central bank keeps the rate on the medium-term loans unchanged at 2.75%