Exchange rate
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
Uganda cuts rate for first time since 2021
Central bank head refuses to comment on World Bank decision to halt funding
Bank of Russia raises rates in emergency meeting
Board says domestic demand is boosting depreciation’s effects as Putin adviser criticises governor
Argentine central bank intervenes after Milei win
BCRA hikes rate 2,100bp and devalues peso after central bank opponent leads primary elections
Man on a mission: Axel van Nederveen, swaps evangelist
EBRD treasurer spreads the good word about local currency derivatives markets
Ghana opposition demands governor resign
Parliamentary leader threatens march after Bank of Ghana reports $5.4 billion loss
DRC orders huge policy rate rise at unscheduled meeting
Increase is needed to combat accelerating currency depreciation and inflation, MPC says
Cuba limits cash transactions and ATM access
Central bank measure provokes scepticism and concern
When £1 is not £1
Gabriel Stein examines the risks from introducing a CBDC should its value diverge from that of physical currency and bank deposits
Taiwanese governor flags US sanctions risks
Yang says Taiwan should pay attention to the widening trade surplus with US
IMF’s Selassie calls for ‘pragmatism’ on exchange rates
Official challenges idea that resisting depreciation is always the best policy
Lebanon’s acting governor says he will radically change course
Wassim Mansouri pledges cuts to central bank financing and demands action from politicians
Argentina reaches provisional agreement with IMF
Fund may continue loan despite non-compliance and ease reserve targets
Myanmar to release new top-denomination banknote
Note will commemorate white elephant, as opposition accuses government of monetary financing
Costa Rica cuts rates again as inflation turns negative
Strong currency and base effects contribute to unusual readings, central bank board says
Book notes: Inflation targeting and central banks, by Joanna Niedźwiedzińska
A useful and rich reference source, especially for central banks moving to adopt inflation targeting
Bank Indonesia holds again as inflation falls to target level
Governor says central bank is focused on keeping the rupiah stable
Stefan Ingves on central bank failings on inflation and financial stability
The Riksbank veteran speaks about liquidity, interest rate and non-bank regulatory reforms, the importance of saying ‘no’, and the need for explicit legal definitions for digital money
Stronger US dollar hits emerging countries more, says IMF
Credible monetary policy frameworks are key to cushion external shocks, report argues
US Treasury bolsters ties with Vietnam’s central bank
Treasury secretary Janet Yellen says US will promote “friendshoring” with Vietnam
Book notes: Forks in the road, by C Rangarajan
A memoir by one of India’s most distinguished governors, who presided over critical policy issues such as the 1990s’ balance-of-payments crisis
PNG central bank dispute leads to fuel rationing
Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings
PBoC steps up support for yuan
Chinese central bank eases limit on firms’ overseas borrowing and keeps key rates unchanged