Central Banking
UK debt risks likely to stay below historical peaks – BoE analysis
But firms are increasingly vulnerable to rising interest rates, economists find
Central Bank of Ireland suffers credit data breach
Over 20,000 borrowers’ credit scores impacted by “archiving error”
Dallas Fed finds emerging markets insulated against US rate rises
Proactive rate rises, transparency and accumulated FX reserves helped shield economies
Custodia opens for business without Fed master account
Wyoming digital assets bank is continuing legal action against the US central bank
Libyan central bank says it has reunified
US welcomes announcement after years of civil war division but calls for “concrete action”
AI could challenge ‘art’ of central banking – BIS’s Pereira da Silva
Greater use of artificial intelligence could impact decision-making at central banks, official says
BoE prepares to supervise wholesale cash distribution
Law change grants central bank powers to intervene in cash distribution network
Trump says no to third Powell term
Former president says he is “not a fan” of Fed chair he picked in 2017
Study estimates scale of ‘demographic drag’
Loss of economic growth from population ageing could be significant, authors warn
PBoC delivers smaller rate cut than expected
Move signals banks are under strain due to falling interest margins, analysts say
Uruguay accelerates loosening as inflation hits record low
Central bank says monetary policy remains in “restrictive phase”
Milei will meet with IMF ahead of board decision on loan
Argentine opposition leader calls central bank “thieves” and repeats pledge to abolish it
Riksbank’s Breman says higher rates are necessary
Swedish central bank will announce next policy decision on September 21
Egyptian president gives acting governor one more year
Abdallah has continued programme of tighter monetary policy and devaluation
PBoC bolsters support for renminbi
Central bank pledges intervention to prevent excessive currency moves
Ecuadorean candidate promises to spend central bank reserves
Measure could imperil central bank independence
Cuba central bank official says cash shortage is ‘critical situation’
Banks struggle to meet demand as government tries to expand use of e-payments
Brazilian central bank outlines CBDC project
Drex is being developed on a distributed ledger platform with smart contracts
Kenya revives interest rate corridor
Controversial 2016 law capping rates undermined earlier attempt at corridor
Brics’ bank launches rand bond
New Development Bank offers $130.6 million debt issue ahead of Johannesburg summit
Some FOMC members sought pause in July, minutes show
Participants pointed to signs of loosening labour market and slowing consumption
Norway raises rates and signals further hike is likely
Norges Bank will increase rates in September if forecast is accurate, governor says
Central Bank of the Philippines holds policy rate
Governor pledges further increases if necessary as central bank raises inflation forecast
FDIC chair promises stricter rules for mid-sized banks
Gruenberg says regional banks will need better resolution plans and more long-term debt