Central Banking
Policy-makers report progress in CBDC exploration
Central banks generally see promise in digital currencies, though one is halting research
How to increase the impact of financial literacy initiatives
As surveys show financial literacy outcomes falling short, Pedro Duarte Neves distils key lessons
Higher inflation results in greater remittances to Pakistan – paper
Workers send more money to make up for erosion of real incomes in their home country
Stablecoin issuers pose short-term outflow risk to lenders – study
Research finds crypto assets weaken liquidity coverage ratios
Azerbaijan holds key policy rate
Inflation still significantly below target levels
National Bank of Georgia holds rates
Move comes as inflation remains well below 3% target
BIS Americas chief: region must stay alert to inflation risks
Tombini praises efforts to tackle inflation, while outlining monetary policy challenges
BoJ raises policy rate, outlines plan to reduce bond purchases
Governor says bank will raise rates again if economy and prices move in line with projections
Central banks face a capital framework imbalance – should we care?
Most economists say clear recapitalisation frameworks are important. But many central banks still lack them
Asia’s central bankers bullish over cross-border payments
Policy-makers at Asia Summit also spoke of gradual pick-up in use of local currencies
Armenia cuts rates by 25bp
Decision comes as inflation remains well below 4% target
Innovate to defend status of central bank money, says BoE
Bank “exploring options” to widen access to settlement
Ethiopia secures $3.4bn IMF package after floating currency
Funding likely to catalyse additional external support, institution says
DNB study sounds alarm over youngsters’ payment habits
“Fun” justifications for big purchases storing up trouble for future, says research
Malaysia is latest country to seek Brics membership
However, uncertainty remains over whether Saudi Arabia will join emerging economies bloc
Euro has given France better interest rates – BdF official
Bénassy-Quéré says rates would have been higher if France had stayed outside single currency
Uruguay appoints new central bank president
Vice-president promoted as outgoing chief resigns
Falling r* a ‘mirage’ in open economies – IMF paper
Adding exchange rate to standard model significantly changes predictions, authors find
Ethiopia adopts market-based FX regime
Move follows monetary policy reform aimed at attracting IMF funding
Pakistan cuts rates by 100 basis points
Decision comes after country secures IMF funding amid falling oil prices
Hedge funds and dealers have outsized price impact – BoE paper
Mutual funds have smaller impact so may not play central role in fire sales, authors say
ECB sees ‘areas for improvement’ following cyber stress test
Experiment focuses on response and recovery from database losses on 109 banks
Central banks of Japan and Thailand renew swap agreement
$3 billion bilateral arrangement aimed at supporting financial stability and trade
Innovate to tackle challenges, says BoT deputy governor
Mallikamas outlines ways to deal with economic and geopolitical uncertainties