Central Banking
Boston Fed-MIT team hails successful CBDC test
The project’s two open-source systems were able to process large transaction volumes
RBNZ launches CBDC pilot project
Governor says central bank must maintain legitimacy by “responding to the needs of the public”
Union objects to Colombian central bank’s branch closures
Bank of the Republic is converting some regional offices to cultural centres, closing treasuries
Picking up the pieces: how to tackle the next phase of the Covid crisis
The global economy is heading into dangerous territory, writes Jagjit Chadha. Central banks must honour their commitments to price stability
Sri Lankan governor denies country is seeking IMF deal
Governor publicly contradicts finance minister’s statement on IMF aid as crisis deepens
Weidmann to chair IMF governance review panel
Executive board ordered a review after allegations against Kristalina Georgieva
Cape Verde SWF to stay under central bank
President rejected law to move oversight to securities regulator
IMF signs off on Pakistan aid despite ‘exceptionally high’ risks
Central bank reserves are low and fiscal spending breached limits, but recovery is proving strong
BoC paper highlights ‘profound impact’ of heterogeneity
Confluence of factors has pushed heterogeneity into the forefront of economic research, authors say
Knot eyes first ECB rate hike in Q4 2022
Dutch governor expects eurozone inflation to remain over 4% for much of 2022
Norwegian government appoints former PM as governor
Critics say Nato head Stoltenberg is close to governing party but finance minister praises his "rare skills"
Rosanna Costa named governor of Central Bank of Chile
Outgoing president appoints first woman after Mario Marcel leaves to join government
Czech central bank hikes rate and forecasts steeper inflation
CNB board says inflation should peak at mid-year but warns of de-anchoring risk
Lesotho raises rates and increases reserves
Central bank increases policy rate 25bp in bid to defend peg and fight inflation
BIS paper highlights money markets’ impact on real economy
Central bank liquidity interventions can prevent large drops in output, authors find
Accenture to lead creation of UAE instant payments platform
Firm says consortium will create cloud-based system to enable 24/7 payments and transfers
ECB maintains stance but Lagarde hints at hawkish policy turn
Lagarde's press conference remarks seem to differ from policy statement, analysts say
Pilot CBDC outage due to expired certificate, ECCB says
Blockchain network requires update before digital currency can come back online
BoE hikes main rate and begins shrinking balance sheet
UK Treasury unveils parallel measures to cushion impact of surging energy prices
Brazilian central bank continues steep tightening cycle
MPC says it aims to slow pace of rate increases but warns fiscal policy is boosting inflation
Podcast: collaboration as the key to better data
Regnology’s Joanne Horgan explains how central banks are working with industry to enhance supervisory data collection
World Bank urges Georgia to make ‘further efforts’ on financial stability
Report praises “significant progress” but says work is needed on supervision, AML and inclusion
Suriname courts convict second former governor
Van Trikt receives eight years in prison, weeks after Hoefdraad sentencing
Liberian central bank publicly burns outdated currency
Move aims to rebuild public trust after long-running “missing banknote” controversy