European Central Bank (ECB)
Eurozone faces risk of entrenched inflation – Villeroy de Galhau
Banque de France governor says higher core inflation indicates widespread pressures
Currency round-up: De La Rue issues profit warning
Central African central bank to release new coins; and more
Opec+ production cut threatens inflation outlook
Higher energy prices were the main factor boosting inflation in 2022
Eurozone headline inflation drops sharply
But core figure remains high as service price rises persist
A troubling trilemma
Central banks need to tread a fine line as they serve as the economy’s police, fire brigade and paramedics
Credit Suisse collapse triggered eurozone contagion – ECB’s Enria
Enria says some kinds of contagion were more dangerous than others as Swiss G-Sib collapsed
Lagarde slightly injured in car accident
ECB president was departing Euro Summit
Banknotes: January to March 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Georgieva warns of increased risks to financial stability
Action by policy-makers has only eased stress “to some extent”, IMF chief says
BIS to trial Asian instant payments link
Project Nexus aims to create standardised cross-border link for different countries’ systems
Lagarde lays out ECB’s data-dependent rate path
ECB president stresses bringing inflation to target is “non-negotiable”
Eurozone banks not directly hit by US stress, says Enria
Head of ECB supervision says mid-sized US banks enjoy more lenient stress tests
ECB hails launch of new wholesale settlement system
Eurosystem’s new RTGS system and liquidity management tool went live on March 20
Central banks step up dollar liquidity support
But initial auction results show little evidence of pressure on dollar funding
Denmark adjusts rates after ECB increase
Central bank warns inflationary pressures will remain high and calls for fiscal caution
ECB continues tightening despite financial risks
Lagarde says there are no trade-offs between financial stability and inflation
SNB to lend up to $54 billion to Credit Suisse
Swiss central bank and supervisory authority say bank meets capital requirements
Financial stability risks add uncertainty to ECB policy path
Central bank broadly expected to deliver another 50bp rate hike, taking rates to 3%
ECB to run cyber attack stress test for eurozone banks
Eurozone banks have seen major increase in hacking after Russian invasion of Ukraine, Panetta says
Banknote themes in motion
Antti Heinonen asks whether the world is about to witness a revolution in banknote images
Lane sees tentative signs of easing in underlying inflation
ECB officials stress need to keep tightening monetary policy in the months ahead
Eurozone core inflation hits record 5.6%
Lagarde signals rate hikes may continue beyond March
Book notes: A guide to good money, by Brendan Brown and Robert Pringle
The authors make some good points even if one does not agree with this full-bodied attack on Keynesian economics and inflation targeting
Bundesbank reports first loss in over 40 years
Decision not to pay a dividend comes after ECB reported losses last week