Central Banking
PBoC holds key rate for tenth consecutive month
May data shows continued property downturn and improvement in retail sales and industrial production
CBDC will not reduce seigniorage, panellists say
Communicating need for CBDC is hard, officials tell Central Banking Summer Meetings
Non-banks in RTGSs: greater efficiency or more risk?
Policy-makers and practitioners from central banks in Brazil, Hungary, Israel, Romania, Rwanda and the US share their perspectives
Four central banks commit to responsible artisanal gold principles
Colombia, Ecuador, Mongolia and the Philippines commit to principles aimed at guiding domestic small-scale, gold-buying schemes
Swedish government proposes $2.37bn injection for Riksbank
Government proposal falls short of central bank’s request
Central banks face challenges in diversifying reserves
Gold could gain in popularity despite carbon challenges as renminbi faces problems, panellists say
BoJ to reduce its government bond purchases
Central bank will announce bond-buying details at next meeting and keeps rates unchanged
Ransomware payments can be necessary, say panellists
Paying off hackers may be only way to safeguard financial stability, despite risks
US politicians urge Fed to lower interest rates
Democratic senators and congress members say CPI likely to be “grossly overstating” inflation
How the Czech National Bank brought inflation down from 18% to 2% in two years
Governor Aleš Michl on the road to 2% inflation and future profitability
Central Banking Awards 2024 ceremony honours best in field
Shirakawa receives lifetime award and Brazil is named central bank of the year
New York Fed paper argues for wage insurance
The programme would pay for itself and increase lifetime earnings, researchers say
Argentina extends swap agreement with China
Central Bank of Argentina says it will repay activated $5 billion swap by mid-2026
How to cut the interest cost of bank reserves – and how not to do it
William Allen says setting required reserves is not a straightforward decision for the Bank of England
Ukraine’s central bank is reforming during wartime, governor says
NBU is strengthening insurance and investment, Pyshnyy tells summer meetings
Supervisors must embrace technology – ECB’s McCaul
Data is “growing exponentially”, so supervisors must innovate to track risks, supervisory board member says, as SSM digitalisation enters ‘phase 2’
Financial statement revisions can predict bank instability – research
Central Bank of Brazil researchers looked at 7.4 million financial items from 1,812 banks
Central bankers warn of US election risks
Danger of tariffs and supply chain disruptions, Central Banking Summer Meetings hear
African states should end fixed exchange rates, IMF official says
More credibility on monetary policy is best cure for “fear of floating”, Selassie argues
Bank of Thailand holds rate again
Policy-makers agree to hold rate despite government pressure to cut
BoE reserves framework drawn into political arena
Minor party’s proposal to axe interest on reserves highlights BoE’s costly operating framework
Pakistan cuts interest rates for first time in five years
Central bank says growth of exports and remittances bolsters foreign exchange reserves
ECB penalises European banks for not meeting climate risk deadline
European real estate market remains a concern but banks are in a “robust” position, Jochnick says
Riksbank updates benchmark rate calculation method
Swestr to become more robust, especially around year-end