Central Banking
Sri Lanka’s central bank forecasts fall in inflation
CBSL says figure will fall to its lowest point in early 2025 before rising again towards 5% target
Financial literacy quickens monetary policy reaction – study
Improving people’s knowledge of money matters could strengthen transmission
Lenders not ready for resolutions – EBA research
Authority finds commercial banks still unprepared for bail-in tool
MAS to conduct quantum security trials with major banks
Experiments on quantum key distribution aim to enhance financial sector’s cyber resilience
Philippines cuts rates by 25bp
Inflation moving towards target, central bank says
Inflation in India falls to five-year low
Food inflation is also at its lowest level for more than a year
BIS paper links interest rate risk to bank lending supply
Monetary tightening affects bank lending more when “duration gap” is larger, authors find
Trump administration would pursue ‘course correction’ at Fed
Former Fed adviser says ex-president would try to reform an institution he already sees as politicised
Namibia administers first rate cut in four years
Move comes as inflation slows and foreign exchange buffers increase
PBoC delays medium-term lending facility operations
Postponement to later in the month aligns with bank’s plan to diminish MLF’s role as key policy rate
Russia launches payments moratorium for displaced citizens
Residents of regions affected by Ukraine’s counteroffensive can defer payments for up to six months
Medium-term US inflation expectations hit record low
However, expert says infrastructure projects could push prices to higher-than-expected levels
HKMA launches GenAI sandbox
Authority encourages banks to test use cases such as improved risk management and anti-fraud efforts
Distribution of reserves determines QE and QT’s impact – BoE paper
Policies have ‘highly asymmetric’ impacts on reserve-scarce banks, researchers say
UK CPI up less than expected as services inflation falls
Figures may help allay concerns over persistent wage pressures
New Zealand cuts policy rate for first time in four years
RBNZ cites easing inflation and weakening economic activity
EMEs’ rising reserves increase global volatility – NBER study
Emerging economies’ accumulation of foreign assets has depressed global interest rate
Bank of Israel reports continued rise in digital payments
Survey shows increase pre-dates emergency measures brought in during Gaza war
‘State-dependent’ model sheds light on inflation surge
Bank of Spain’s Galo Nuño says changing key pricing assumption helps explain “immaculate disinflation”
Did the Fed make a mistake holding rates in July?
Experts warn Fed not to signal “panic” but to be ready to act aggressively if needed
Former IMF economist to be next Bangladesh Bank governor
Ahsan Habib Mansur will take over after predecessor was forced out of office following protests
Kyrgyzstan opens public consultation on laws governing CBDC
Amendments to legislation affecting digital som are due to come into force in 2027
Ukraine offers creditors deal to restructure its debt
Two-thirds of bondholders will need to agree to 37% haircut in IMF-supported plan
Bangladesh central bank’s governor steps down
Abdur Rouf Talukder’s departure comes days after protests forced deputy governors to resign