Central Banking
Lagarde signals first ECB rate hike in July
Nagel stresses risk of acting too late, as Villeroy says fiscal-monetary alignment no longer possible
Rise of fintech strengthens case for capital controls, IMF says
Countries may have to throw “sand in the gears” to protect monetary sovereignty, says Georgieva
Small drop in US CPI hints at inflation reprieve
Economists estimate US is past inflation peak, but other G7 nations may still be on the upward leg
Malaysian central bank makes surprise rate rise
Pre-emptive decision designed to stave off inflation
ECB paper analyses financial crisis contagion
Crisis in one region can trigger more as investors reassess other markets, researchers say
Romania meets inflation spike with rate hike
Central bank adds 75bp to policy rate as inflation passes 10% mark and economy sputters
Digital shekel must avoid arbitrage, public says
Israeli digital currency should comply with global information security standards
Christopher Waller denies Fed is ‘behind the curve’
Governor argues Fed not given due credit for forward guidance and low unemployment
Fed warns on crypto risks as major stablecoin breaks peg
CBDC could help protect against risks from crypto assets including stablecoins, Fed says
CBDC little threat to Canadian bank liquidity – paper
Bank of Canada research says most bigger banks have enough funding to handle retail CBDC competition
Zimbabwe freezes all bank lending
President announces controls on money creation to stem decline of currency
Private sector tools often used to shape comms strategies
Meltwater, Hootsuite and Fuseworks among named software providers
Norway’s headline inflation increases to 5.4%
Analysts say 50bp rate hike becoming more likely
Nigerian governor says he may enter presidential election
Godwin Emefiele demands right to stay as central bank governor while campaigning in election
Two-thirds of central banks say retail CBDC ‘possible’
BIS survey finds 90% of central banks now working on digital currencies
Moldova continues rate climb as inflation passes 20%
Central bank orders another 300bp increase as war adds to price woes
Bank of Canada’s Rogers says ‘decisive’ policy needed
Senior deputy says house prices are unsustainably high
Bank of Israel reserves fall by over 4% in April
Falling equity prices are the main factor behind $8.5 billion drop in value
People: Swiss vice-chair to take office in August
Board member appointed in Guatemala; new external MPC member in Ghana; and more
PBoC expands ‘structural monetary policy tools’
New $15 billion relending programmes target transport and coal sectors
Czech board raises rates in split vote
Central bank increases inflation forecast and awaits new governor appointment
ECB officials change to more hawkish tone
Schnabel and Villeroy de Galhau signal openness to July hike while Lane and Panetta stay cautious
Chilean central bank surprises markets with a larger rate hike
Board unanimously decided to increase the policy rate by 125 basis points to 8.25%
BoE paper models macro-prudential spillovers
Agent-based model sheds light on how housing market policies affect different groups, authors say