Central Banking
Sarb pauses rate rises in split decision
MPC votes 3–2 to hold rates at 8.25% after inflation falls within target range
US Treasury bolsters ties with Vietnam’s central bank
Treasury secretary Janet Yellen says US will promote “friendshoring” with Vietnam
US instant payment system FedNow goes live
Mester says service could handle P2P, cross-border, and interoperable payments
Nagel calls on German government to tighten fiscal stance
Public spending needs to fall to lower inflation, says Bundesbank president
PNG central bank dispute leads to fuel rationing
Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings
Brazilian central bank denies censoring board members
Dispute highlights possible political divisions as president Lula appoints officials
Fed fines Deutsche Bank $186.4 million for AML violations
German lender failed to comply with earlier orders and was involved in Danske Bank scandal
PBoC steps up support for yuan
Chinese central bank eases limit on firms’ overseas borrowing and keeps key rates unchanged
ECB paper models ‘state-dependent’ impact of capital ratios
Model simulates ratio changes’ effects on credit supply in different macro-financial conditions
UK inflation falls to 7.9%
Drop exceeds Reuters poll prediction, but headline rate still almost four times target
ECB needs to maintain tight policy, says IMF
Policy rates, rather than quantitative tightening, should be main tool, IMF directors say
Bulgarian MPs re-elect Radev as governor
Governor had served two years past end of first term amid prolonged political crisis
Philippine president signs SWF law despite corruption fears
Economists concerned over use of central bank funds and possible governance problems
Panama supreme court rejects crypto law
Judges agree draft law has unconstitutional provisions and was improperly passed
Building future-proof cyber security in the financial system
The founders of SecurEyes discuss how central banks can protect themselves and financial stability
IMF grants Burundi $271 million loan
Burundi must liberalise currency regime, end central bank financing and tighten policy
German inflation to fall again from September, says Bundesbank
One-off effects boosted inflation from 6.3% in May to 6.8% in June
Banknote round-up: Belize may replace UK monarch’s image
Argentina releases new 1000 peso note while Chile reports shortage of smallest denomination
ECCB launches new website
Updated site accompanies “virtual museum” on Eastern Caribbean Central Bank
BoJ announces details of monetary policy review
Central bank plans to engage with experts, business leaders and public over policy framework
Kosovo’s parliament votes for new governor
Move will end political deadlock if president approves, after IMF calls for central bank reform
Machine learning pushes frontier of forecasting
AI techniques are starting to transform central banks’ statistical modelling. They could soon revolutionise structural models as well
Somali president reappoints governor
Abdirahman Abdullahi has overseen central bank’s introduction of first national payments system
UAE and India to create bilateral settlement system
Messaging link would remove need for Swift, RBI governor says