Central Banking
Hong Kong launches second phase of CBDC pilot
Next stage will explore use cases for e-HKD and tokenised deposits
People’s Bank of China cuts medium-term lending rate
Reduction comes a day after PBoC unleashes slew of economic stimulus measures
NBER paper seeks ‘canonical Hank model’
Early attempts at heterogeneous agent modelling led to implausible results, authors say
Crypto assets not fit for reserve purposes – World Bank study
Economists say central banks are unlikely to move into non-CBDC digital currencies “any time soon”
Bank of Canada pivots away from retail CBDC
Decision to scale back research follows similar move by Australian central bank
Reserve Bank of Australia holds policy rate
Policy-makers say cut is unlikely in near term while government’s plan to overhaul central bank sours
Bank of Israel extends credit benefits for war-affected citizens
Three-month extension follows escalation of conflict with Hezbollah
Riksbank to receive $2.46bn from Swedish government
Capital injection will put central bank just above minimum equity level required by law
FDI more important than trade in boosting Chinese lending – paper
Banks' activities in emerging economies increase in line with direct investment, say researchers
PBoC unveils major stimulus package
Central bank cuts key rate and reserve requirements, boosts support for property and stock markets
Supervisors use generative AI to tame ‘chaotic’ data
Officials merge credit databases with unstructured reports to sharpen bank oversight, explains Banco de España ex-deputy
More CCPs would not avert US Treasuries crisis – BIS study
However, economists say central clearing could still improve market functioning
Turkey’s central bank raises reserve ratios
Move follows sixth consecutive decision to hold rates
People: IMF appoints general counsel
Bank of Russia names new monetary policy head; Rob Brand becomes DNB’s chief investment officer
China announces 10bp cut in short-term interest rate
Decision comes days after central bank left benchmark rates unchanged
Philippines central bank cuts reserve requirement ratios
Move follows rate cut in August
Paraguay holds rates at 6%
Central bank points to positive signs in domestic economy and external environment
Pricing and funding pressures from BoE's QT hit gilt repo dealers
QT-driven funding cost rises combined with clients’ price demands see at least two banks pull back
Experts split on impact of Fed’s new Basel III proposal
Economists divided over financial stability ramifications of vice-chair’s new capital ratios plan
PBoC keeps benchmark rates unchanged
Bank holds one- and five-year loan prime rates, despite weak economic data
IMF review of Russia’s economy ‘postponed indefinitely’
Regular Article IV consultation cancelled after international pressure
Bank of Japan holds policy rate
Decision comes as core inflation accelerates for fourth consecutive month
Sri Lanka reaches new agreement to restructure debt
Central bank involved in reaching deal, which came two days before presidential election
BIS warns of growing offshore reinsurance risk
Deals by private equity-backed life firms could mask risk in $25 trillion industry, report says