Central Banking
IMF releases $1.1bn to Bangladesh
Fund calls for tight policy to bring down inflation
Build up CCyB gradually over financial cycle, says ECB paper
Even partially built-up buffers help during a shock, researchers argue
BIS predicts AI will be inflationary in long term
Expects accelerated inflation dynamics as firms adjust prices in response to shocks
Seven island central banks sign green finance roadmap
Central banks agree to boost efforts on knowledge exchange and resource sharing
Digital euro ‘may require’ battery-powered cards for offline use
Eurosystem could develop its own app to manage digital euro accounts
Laotian central bank raises rates amid high inflation
Inflation in Laos has been above 20% due to weak local currency
People: Sri Lanka appoints two new deputy governors
Nithya Navaratnam named deputy head of BIS banking department
Japan ready to intervene in FX markets, finance ministry says
Top currency official issues warning as yen hits 34-year low against dollar
MNB posts historic $4.74 billion loss in 2023
Central bank act amendment precludes immediate recapitalisation
Italian service sector needs liberalising, paper finds
Bank of Italy research says making market entry easier boosts productivity for all firms
PBoC and RBI have highest-ever gold holdings, WGC says
PBoC paused gold purchases in May for first time since November 2022
Thai governor clashes with government over inflation target
Sethaput warns of inflation risks amid ongoing dispute with prime minister
QE liquidity boosts investment into EMEs, paper finds
Economists propose new mechanism for QE spillovers to emerging market economies
Brazilian politicians launch legal action against Campos Neto
Allies of president escalate pressure on central bank as policy-makers opt to hold rates
European Commission opens consultation on AI in finance
As AI use in financial services increases, regulators must balance innovation with risk
SNB cuts rates by 25 basis points
Decrease prompted by sub-1% inflation forecast
SNB carries out first tokenised monetary policy operation
Central bank issued $72 million in bonds on DLT settled in wholesale CBDC
Bank of England holds rates as services inflation lingers
“We need to be sure that inflation will stay low,” governor Andrew Bailey says
Bank Indonesia holds policy rate despite rupiah weakness
Governor Perry Warjiyo vows further intervention to support the currency
PBoC holds key lending rates
Market-based lending rates remain unchanged as economic data remains mixed
Ethiopia approves CBDC law as it pursues bitcoin mining policies
Monetary policy and financial stability committees established as part of economic reforms
ECB paper presents new measure of bank performance
“Bank edge” compares individual banks’ book returns to benchmark portfolio
Russian central bank reacts to tighter US sanctions
Bank of Russia suspends some dollar trading as G7 countries consider moves against Chinese banks