Central Banking
Qatar to test large payments using CBDC
Central bank says it will test AI and distributed ledger technology
Vietnamese central bank moves to lower domestic gold prices
SBV official says market may be fixed but analyst points to shifts in supply and demand
Swift tests AI-driven fraud detection
Pilot projects aim to detect fraudulent activity and improve information sharing
Maltese governor pleads not guilty to fraud
Prosecutors allege Scicluna failed to challenge suspect hospital deal while finance minister
Fed research investigates supply chain resilience
Stiglitz and co-authors look at firms’ investment in production capacity
MNB tells Hungarian lending group to ‘tread lightly’ in Russia
“Selling subsidiary for less than half its worth would help Russia,” OTP Bank CEO says
Global natural rates could be rising, SNB governor says
Jordan says Swiss central bank’s approach allows it to deal with uncertainty over r*
BoJ pays record profits to government
Central bank contributes $13.8 billion with gains from ETFs and bonds
Acemoglu questions productivity benefits of AI
MIT economist finds weak productivity gains from AI and says benefits may be undermined by costs
Bank of Mexico lowers GDP growth estimate
Slow economic activity from last year continues into the first quarter
RBI launches platform to digitise regulation
Central bank also launches mobile app to buy and sell government securities
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