Central Banking
Beth Hammack named new Cleveland Fed president
Former Goldman Sachs executive will vote on Fed policy in 2024
Twenty years on, Visegrád states are converging to rest of the EU
Czech Republic, Hungary, Poland and Slovakia have undergone economic transformation, CNB finds
Chinese cities ease home-buying rules as housing slump continues
Analysts say real estate sector unlikely to turn around this year despite recent interventions
Sri Lanka keeps interest rates flat
Country introduces new governance reforms to state-owned banks
QE should stabilise rather than stimulate – ECB’s Schnabel
Asset purchases have become conventional, but central banks should exercise caution
Bank of Canada conducts large-scale survey of indigenous-owned firms
Indigenous firms have higher inflation expectations and use alternative funding sources
Cross-border payments key to boosting riel, Cambodian governor says
QR payments set to expand to India and Japan, as central bank aims for independent monetary policy
BSP policy-makers’ staff resign over absence allegations
Philippine central bank says an internal probe identified six staff and disciplinary proceedings are ongoing
Artificial intelligence: key questions for financial supervisors
Manoj Singh outlines what supervisors need to be asking as they learn to interrogate machines
Israel holds policy rate
Move comes despite higher inflation expectations
ECB is ready to cut rates, chief economist says
Next steps in ECB’s easing cycle will be “bumpy” and “gradual”, says Philip Lane
RBNZ will activate debt-to-income tool
New Zealand central bank to bring in new macro-prudential tool in July
Getting Chiang Mai right
Asia’s emergency infrastructure is on the right track, but there is still room for improvement
ECB paper recommends central fiscal instrument
Governments’ ability to delay fiscal consolidation should be limited, researchers argue
Use machine learning to protect payment systems – research
Tool could also be used to warn of money laundering and bank runs, researchers say
Egypt holds policy rates
Central bank says improved external financing after IMF loan will help price stability
FOMC members concerned over US inflation, minutes show
Some committee members sought to maintain pace of Fed’s balance sheet selloff
Can US policy choices explain economic divergence?
NIESR’s Ahmet Kaya finds US fiscal stimulus may have masked standard economic relationships, but economic gravity may soon reassert itself
IMF says Iceland’s path is clear to easing rates
Housing and bank supervision remain a concern and central bank independence needs safeguards
RBI payout to Indian government more than doubles
Dividend boosts public finances as new government set to take office in early June
Turkey holds interest rates
Central bank leaves door open for tightening monetary policy
Central Bank of Brazil delays crypto regulation to end of year
Second public consultation to be launched
Bailey predicts ‘significant increase’ in BoE repo operations
Banks have started demanding reserves through short-term repo facility as balance sheet shrinks
Nigerian central bank raises rates for third consecutive time
MPC says tight policy is starting to work but calls for more action on food security