Central Banking
Finance must do more on climate risk, BoE’s Breeden says
Sector using lack of certainty as “an excuse to go slowly,” senior official says
RBA review calls for major policy and governance changes
Australian government welcomes call for new rate-setting body and clearer mandate
ECB paper looks at borrower-based macro-pru limits
Households’ resilience and banks’ capital ratios improved by caps on borrowing
UK inflation still in double digits in March
Analysts think MPC likely to vote for at least one further rate increase
BoE and BIS test synchronised DLT settlement
Prototype leaves open legality of digitised asset transfer
Immigration decline hurts growth and inflation prospects – Fed research
Dallas Fed VP says “absolutely” a link between low immigration and rising inflation
BoE prepares shake-up of UK deposit insurance
Proposals aim to boost efficiency of payouts, as Bailey hints limits could be raised
Venezuela may join Russian card network
Mir system suffered major setbacks last year after US warning
IMF code drives reform of central bank transparency
Dmytro Solohub says pilots of new transparency code have already fostered change
Lagarde warns fragmented world could be inflationary
“Multipolarity” could also raise global co-ordination challenges, ECB president says
EU concludes authorities cannot seize Russian assets
Brussels says Europe may be able to invest assets and use extra profits to aid Ukraine
Bank of Israel details digital shekel factors
ECB and Fed CBDC decisions will affect decision to proceed with issuance
MAS did not tell banks to ‘keep quiet’ about China flows, group says
Private banking group says sources of inflows into Singapore remain diversified
Stagnant US bank numbers ‘concerning’ – Fed’s Bowman
Governor argues regulation be loosened for bank formation, not tightened for mergers
Menon set to leave MAS this year – reports
Former MAS assistant managing director tipped to take over the role
Carstens calls for return to ‘region of stability’
Short-term thinking has led to increasingly painful trade-offs for policy, BIS chief says
ECB supervisory regime needs change – report
Current approach is “too capital-centric” and needs to be streamlined, says panel
Bolivian officials say reserves problem is temporary
Central bank sells SDRs as dollar scarcity and legislative gridlock persist
PBoC has ‘by and large’ ended FX intervention, says governor
But Yi Gang declines to give a timeline for full renminbi convertibility
Monetary policy faces tougher trade-offs – IMF panel
Financial instability risks may be abated with changes to inflation targets and tools
Ethiopia requests $2 billion from IMF
Talks ongoing as debt sustainability assessed, sources say
Decentralised finance is here to stay
Whatever happens to cryptocurrencies, tokenisation is the future
Federal Reserve denies FedNow is a CBDC
Online sources post disinformation on payment system as anti-CBDC sentiment grows
Global recession possible, Canadian governor warns
Tiff Macklem says firms are still raising prices excessively