Central Banking
No bank meets ECB expectations on climate disclosures
Supervisor sees progress since 2020 report, but significant gaps remain unaddressed
Energy firms call for central bank support to cover margin spikes
Trade body warns energy market participants risk being unable to meet “unprecedented margin requirements”
US inflation continues ascent
CPI inflation reached new high of 7.9% in February
West African central bank denies devaluation
CFA franc has been pegged to European currency since establishment
Argentina suspends minting of coins
Global commodities inflation makes production too costly
Bank of Thailand and finance ministry delay PayPal suspension
PayPal Thailand must comply with KYC regulations by end of year, central bank says
Riksbank’s pandemic QE eased financing conditions, says research
Swedish central bank’s purchases boosted equities, depreciated krona and cut bond yields
Biden orders CBDC report from Fed and other agencies
Report must advise on how possible CBDC would affect US security and sovereignty
Peru’s central bank continues policy tightening
Most indicators are pessimistic, central bank says, as IMF staff warn of possible currency pressure
Some CCPs could struggle to cover major losses – FSB
Cyber attack could pose serious problems for systemically important CCPs, report finds
Guinean governor’s arrest may be linked to gold dispute, say reports
Military junta’s motive for prosecuting ex-governor is currently unclear, experts say
IMF approves $1.4 billion Ukraine aid and BIS suspends Russia
Georgieva praises Ukrainian authorities’ emergency measures after invasion
PBoC resumes profit transfer to government
Transfer of $158 billion follows two-year suspension during Covid-19 pandemic
ECB accelerates end of QE programmes
New forward guidance hints rate rise will not immediately follow end of asset purchases
RBA deputy governor resigns
Guy Debelle leaves to join green energy company less than a year into second term
BIS paper finds benefits from ‘deconstructing’ ESG scores
“Best-in-class” strategy can overcome problems with other approaches, authors say
Bank of Russia caps FX withdrawals and EU sanctions Belarus
Russian depositors can withdraw unlimited rubles but only up to $10,000 in foreign currency
Ukraine invasion adds to pressure on food prices
Russia and Ukraine are key global producers of wheat and sunflower products
Bank of Mauritius makes first rate hike in over 10 years
Inflation risk prompts policy-makers to begin gradual tightening cycle
MAS’s Tharman urges investor action on global instability
War, stagflation risk, climate crisis, pandemic and uneven growth create “perfect long storm”
Reciprocity can curb macro-prudential ‘leakages’ – BIS paper
But gains can be small, which may explain limited use of reciprocity to date, authors say
Sudan floats currency
Decision follows adoption of single unified exchange rate
Ukraine allows unlimited cash withdrawals for threatened regions
Bank of Russia halts publication of regulatory data and announces more emergency measures
Bank of Israel reserves decline on falling equities
Total reserves decline from $208.7 billion in January to $207.1 billion at the end of February