Central Banking
Record-high eurozone inflation raises pressure on ECB
HICP increased by 5.1%, well above consensus expectation of 4.4%, as energy prices drive up reading
Azerbaijan, Kyrgyzstan and Armenia raise rates
Inflation remains high across region, though falling in these three countries
BIS’s Borio: inflation not yet ‘endemic’ but could become so
There is not yet a deeper shift in the “inflation regime” but it remains a long-term risk, BIS official says
Diem confirms sale of stablecoin technology
Facebook-backed project sold its last remaining assets to Silvergate Capital
Lebanese president accuses central bank of obstructing audit
Judge issues summons for governor as staff refuse to share data for long-delayed audit
Planned EU cross-border trading ban to hit most large markets
Most major jurisdictions currently provide either interdealer or client exemptions
Dominican Republic raises rates 50bp
Central bank promises policy “normalisation” as inflation remains above target
RBA halts asset purchases
Australian central bank maintains interest rates at 0.1%
Indian government directs RBI to issue CBDC
Central bank told to prepare to issue the digital currency in 2022 and 2023
The case for trade surveillance in FX and fixed-income markets
This whitepaper explores the essential need for central banks to monitor activity for signs of market abuse, which has a negative impact on the economy and society
People: RBNZ completes leadership reshuffle
RBNZ sources assistant governor from private sector; Basel Committee names-secretary general; and more
Honduran president appoints new governor
Rebeca Santos was finance minister and faced fraud charges over political dispute
Polish president nominates governor for second term
Opposition politicians criticise Glapiński over rising inflation and claims of bias
Central Bank of Colombia steps up tightening cycle
Full percentage point hike comes as both inflation and growth rebound
RBI’s Patra highlights value of bold crisis communications
Central bank usually avoids the “glare of the limelight” but Covid demanded rethink, says Michael Patra
Pakistan passes central bank autonomy law
Senate approval brings country closer to meeting IMF loan requirements
Wunsch sceptical on forward guidance
Belgian governor says tool may be effective in a stable environment of below-target inflation
IMF warns Chinese economic recovery ‘lacks balance’
Focus on investment has set back progress towards “high-quality” growth, fund says
IMF staff agree outline of deal with Argentina
Argentina accepts need for policy framework leading to positive interest rates, IMF says
Eastern Caribbean digital currency remains offline
DCash has been shut down since January 14, as firm says it has “identified problem”
ESRB calls for European cyber incident framework
Regulators must have joint response to systemic cyber incidents
Kazakhstan’s president announces changes to powerful wealth fund
National unrest leads to changes at SWF that owns an estimated 40% of GDP
Wunsch calls for gradual ECB policy tightening
Belgian governor stresses risks posed by prolonged negative rates and QE
IMF officials warn of high-risk asset sell-off
Investment in emerging markets could be hit by over-aggressive tightening, economists say