Central Banking
IMF renews Mexico’s Flexible Credit Line
Two-year programme reduces funds from about $61 billion to $50 billion
Paraguay continues tightening with second 125bp hike
Inflation rises far above 4% target, reaching 7.6% in October
PBoC hints at tilt to easier policy as growth slows
Third-quarter monetary policy report tweaked phrases, downplaying opposition to easy policy
Podcast: Central banks and cloud adoption
The Covid-19 pandemic has forced central banks to think differently about cloud-hosted services
ECB says banks are falling short on climate risk
Actions are “too slow” and no supervised bank is “close” to meeting expectations, central bank says
Lebanese governor claims personal audit exonerates him
Judge says court has ordered him to suspend Salameh probe as foreign investigations continue
Weidmann clashes with Lagarde on policy outlook
Bundesbank president said policy may have to tighten just after Lagarde said it would likely stay loose
BoE’s new RTGS system to be open 24/7 ‘if required’
Should industry require it, the upgraded system will be operational continuously
Biden re-nominates Powell as Fed chair
Lael Brainard nominated as vice-chair, to take over from Richard Clarida
People: Knot to assume FSB chairmanship
New board members appointed at central banks in Brazil and Peru
State Bank of Pakistan hikes interest rate by 150 basis points
IMF reached “staff-level” agreement with Pakistan for long-awaited loan two days after the hike
Lagarde says ECB policy is likely to stay loose in 2022
ECB president says eurozone must not “rush into a premature tightening”
CPMI proposes ‘global settlement window’
BIS committee says window could work as focal point for aligning payment systems worldwide
Chinese governor says CBDC must balance privacy and anti-crime measures
Yi says PBoC will collect “minimum amount of information” as police report first CBDC-related arrests
China sets up $31 billion financing facility for ‘clean coal’
Move comes after PBoC excluded coal projects from eligibility for 'green bonds' finance
Brazil’s Pix system used by 62% of population – central bank
Real-time retail payments platform was most-used means of payments in October – BCB
RBA stepping up CBDC research despite scepticism over use
Australian central bank is concerned private sector firms could dominate payments sector
Turkish currency hits new low as central bank cuts rates again
Move follows Erdoğan’s dismissal of two deputy governors and one MPC member
Iceland hikes policy rate again
Central bank orders 50 basis-point rise amid inflationary pressures
Sarb raises rates for first time in 17 months
MPC splits three to two on vote to increase rates
People: RBNZ chief economist to leave after 25 years
ECB appoints lead for digital euro project and new director for banknote department
OECD’s total GDP surpasses pre-pandemic level
Organisation says many countries’ GDP still lags behind, and growth is now slowing
ECB paper examines exchange rates and household consumption
Exchange rate elasticity of household consumption driven largely by industrial goods - researchers
Qatari emir names new central bank governor
Abdulla Bin Saoud Al-Thani leaves QCB leadership after 15 years