Central Banking
New NBER research sheds light on ‘cheapflation’
Savings from price discounts partially offset by price hikes for cheaper products
Bulgaria’s central bank suspends deputy governor
Gurov is ‘incompatible with his role,’ says anti-corruption commission
MAS carbon emissions rise amid shift to greener investment portfolio
Equity and corporate bond climate exposures fall as rising air travel and data use drive up own emissions
Basel Committee approves new stablecoin exposure framework
Details on new crypto asset and IRRBB rules, plus third-party risk consultation due out this month
AI, quantum computing and tokenisation set to transform finance – Menon
But significant barriers remain preventing the technologies from unlocking their full potential
African countries plan to link payment systems – Rwangombwa
Rwanda central bank governor promotes scope for fintech growth in Africa
Dollar exchange rate variation affects prices less than euro – Riksbank study
Krona-dollar depreciation often coincides with downturn in demand
Turkish inflation falls for first time in eight months
Cooling prices could herald disinflation trend despite negative real rates
EU central banks don’t want to ‘over-regulate’ AI
Lack of international co-operation may spur regulatory arbitrage, panellists warn
Banque de France and HKMA to conduct cross-border CBDC test
HKMA is the first non-European central bank to join the Eurosystem’s wholesale DLT settlement trials
Japan issues first new banknotes in 20 years
New notes are fitted with 3D holograms
Malaysia’s Rasheed expects a “bumpy road” for EM currencies
Governor Abdul Rasheed Ghaffour says BNM will intervene if needed ahead of future Fed cut; rules out capital controls but has encouraged institutions to repatriate earnings
Irish central banker acknowledges ‘valid’ criticism of Dora timeline
New digital resilience regulation criticised for not giving firms enough time to comply
Central bankers must keep away from politics – Campos Neto
Comments come after ruling party accused Brazilian governor of politicisation
‘Selective memory’ helps explain expectation de-anchoring – paper
Authors build model around three “regularities of human recall”
Laos replaces central bank governor amid economic woes
Bounleua Sinxayvoravong steps down after two years at the helm
Bahamas’ central bank will tell lenders to make CBDC available
Governor says central bank will introduce measures over next two years amid low take-up
ECB, EBA and Eiopa publish data point model agreement
Framework aims to maintain and streamline methods of reporting supervisory data
Fed needs more evidence to cut rates – Powell
Lagarde tells same Sintra panel that services inflation is making disinflation “bumpy”
Sexual orientation impacts financial wellbeing – Fed research
Gay, lesbian and bisexual people “significantly more financially vulnerable than previously understood”
PBoC to start borrowing government bonds as yields fall
Analysts expect central bank to sell in secondary market to stabilise yields
Eurozone ‘soft landing’ still not guaranteed, warns Lagarde
ECB president says costs of disinflation are contained better than in the past
ECCB reports record profit of EC$80.2 million
Central bank attained highest-ever profit in last fiscal year, after loss of EC$54 million