Central Banking
Bangladesh Bank to start raising rates
Governor says further tightening will be needed as he seeks additional funds from IMF
‘Reserve asset competition’ explains global fiscal cycle – paper
Local fiscal shocks can trigger debt issuance abroad, authors find
SNB launches instant payments system
Swiss central bank says system will enable “final settlement” within seconds, 24/7
Bank of Korea holds policy rate
MPC members open to cutting rates in next three months, despite concerns over rising home prices
Lending spreads may dampen monetary policy – research
Rate hikes appear to have been muffled and cuts might be too, say Kansas City Fed authors
Poland’s top court blocks inquiry into central bank governor
Glapiński accused of politically aligned monetary policy decisions
Public sector pay rises ‘will not drive UK inflation’
Former BoE deputy governor says wage agreements’ impact on private sector prices is likely to be limited
Bank Indonesia keeps rates unchanged
Central bank sees room for cuts in fourth quarter, governor says
Bank of Thailand holds rates at 2.5%
Change of government poses uncertainty over major cash handout plan
Bank of Jamaica delivers first rate cut in two years
Inflation should remain within target despite Hurricane Beryl, MPC says
NY Fed chief unveils real-time reserves calculation framework
John Williams and fellow researchers cite five measures of reserves’ ampleness or scarcity
Turkey keeps interest rates unchanged
Central bank says people’s inflation expectations are more pessimistic than its own
BIS publishes centuries of data on central bank balance sheets
New “spliced” series extends back to founding of Sweden’s Riksbank in 17th century
Sweden’s central bank cuts rates by 25bp
Sveriges Riksbank says country is in “mild recession"
Libya’s central bank resumes operations
Move follows “safe return” of kidnapped official
RBA minutes reveal hawkish outlook after rate hold
Members considered hike during last meeting, MPC says
US housing may become increasingly affordable – paper
Authors cite income growth and housing price appreciation that trails inflation as contributory factors
Libyan central bank halts work after IT director abducted
Kidnapping comes after armed protesters call for governor’s resignation
SNB lowers sight deposit remuneration threshold factor
Central bank’s payments to lenders likely to fall in short term
BoC paper offers monetary policy ‘decision synthesis’
Authors say model combination method helps capture complexities of decision-making
Uruguay holds rate for fourth consecutive time
Central bank projects inflation will remain with 3–6% target over coming two years
US and China bolster collaboration on financial stability
PBoC and Treasury strengthen communication channels for managing periods of stress
Growing divide between ethereum investors – Philadelphia Fed study
Paper claims returns disadvantage “minnows” more than would be case with conventional assets
Brazil congress postpones central bank autonomy bill again
Senate committee yet to schedule new date for vote on proposed law