Central Banking
Bank of Israel keeps interest rates unchanged
Yaron warns government over fiscal policy as central bank cuts growth forecast
RBI replaces bank’s management over governance concerns
Supervisors intervene over “poor governance standards” but allow lender to continue operating
ECB paper analyses impact of Chinese financial shocks
“China shocks” affect global commodities and equities, but less than US equivalents, researchers find
Parliamentary committee calls for BoE governance reforms
Report urges simpler mandate, greater “diversity of thought” and regular reviews
Argentina’s Milei struggles to find central bank governor
Two candidates refuse position amid uncertainty over dollarisation plans
Australia announces RBA governance law and new deputy governor
Labor government appoints BoE official Andrew Hauser to senior role
China appoints head of foreign exchange regulator
Veteran banking executive Zhu Hexin to lead Safe in latest change among senior financial officials
Cyprus central bank defends supervision after sanctions-busting claims
Prime minister pledges report after media investigation says Russians used local firms to dodge sanctions
ECB paper studies ESG ratings’ effects on debt costs
Downgrades had only temporary effect on US firms’ bond spreads, researchers find
Korea plans to run a CBDC pilot next year
Bank of Korea and financial regulators plan to involve 100,000 citizens in a real-world CBDC pilot in Q4
Former Nigerian central bank governor granted bail on fraud charges
Emefiele pleads not guilty to new $2 million fraud indictment, trial starts November 28
Sarb governor confirms Treasury may draw on reserves to service debt
South African authorities considering use of $25 billion to address ‘expensive’ repayments
Japanese inflation increases to 3.3% in October
Food, energy and services inflation boost price increases
ECB willing to hike rates further, say minutes
Governing council stresses it needs to be persistent and vigilant to bring inflation to 2% target
Incoming New Zealand government pledges to return to single price stability goal
New coalition government agrees to amend central bank laws to remove RBNZ’s dual mandate
Turkish central bank raises rates above market expectations
MPC hints it may be near end of tightening cycle despite continuing high inflation
ECB prioritises IT outsourcing and cyber resilience supervision
Institutions lost $161 million due to poor-quality outsourced services in 2022
Carstens says ‘quantum leap’ needed to overcome legacy systems
BIS chief says tokenisation, CBDC and unified ledgers could ‘democratise’ finance
Riksbank keeps policy rate at 4%
Most analysts think the Swedish central bank has reached peak rate
Two dozen Vietnamese central bankers accused of bribery
Vietnamese authorities allege 24 central bank officials took bribes from a troubled lender
BIS unveils new data portal
Bank will hold training courses for journalists wishing to access statistics
RBI’s Das warns banks to avoid ‘exuberance’ as credit surges
Indian central bank tightens macro-prudential policy on consumer credit
CBDC features will have financial stability effects – Fed paper
Design choices could cut chance of bank runs and disintermediation, authors say
Smaller US banks face unequal real estate risk, paper says
St Louis Fed research finds lenders hold 40% to 75% of commercial real estate debt