News
Chicago Fed study points to AI tail risk for US banks
Authors warn that a risk event could spill across multiple industries
Suspended Bulgarian deputy appointed as caretaker PM
Country’s president says Gurov is only candidate not tainted by association with outgoing government
Nigeria opens up official dollar market to bureaux de change
Move aims to strengthen retail FX liquidity and close spreads with exchange rate in informal economy
RBNZ welcomes external probe into Covid-era monetary policy
Finance minister says bank’s easing and asset purchases caused ‘decades-high inflation’
UAE central bank joins Hong Kong’s bond clearing scheme
Monetary authorities say move will provide Gulf state with direct access to renminbi debt market
BNM selects firms for tokenisation and stablecoin pilots
Malaysian institutions to test wholesale payments and tokenised asset settlement
Iraq’s KRG launches payment system for government bills
Central bank-approved platform forms part of digitisation efforts in autonomous Kurdistan Region
Brazil’s Pix gaining prominence in B2B transactions – report
Small businesses increasingly using platform for procurement, study from fintech company finds
Price change frequency upped inflation post-Covid – study
Size of individual changes had same effect on overall prices as during normal times, ECB paper finds
Brunei to focus on Islamic and sustainable finance
Central bank says it has no plans to introduce a CBDC or stablecoin regulations
Banque de France governor unexpectedly steps down early
Villeroy de Galhau to take on new role at non-profit foundation
Dollar will remain core to global finance – Saudi governor
US currency maintains strong liquidity and robust legal framework despite “hiccups”, says Sayari
China says tokenisation illegal under existing framework
PBoC and agencies update 2021 crypto guidelines to place restrictions on real world assets
Nexus picks operators to build and run ‘network of networks’
CEO expects global scalability following launch of multi-country fast payments linkage
Czech National Bank holds rates
Sub-2% inflation does not warrant policy loosening, central bank says
This is not quite Japan’s ‘Truss moment’ – ex-BoJ board member
Experts add that central bank is unlikely to have to intervene directly in sovereign bond market
Tech issue caused RBA systems outage, says Bullock
Australian governor apologises and says payments failures were ‘not acceptable’
ECB holds rates again, despite below-target inflation
Lagarde says bank will not be forced into precipitate easing by January’s 1.7% figure
Full ‘postmortem’ on QE yet to be written – Klaas Knot
Former DNB governor expects Fed to continue international monetary diplomacy under Warsh
BoE holds rates at 3.75% in yet another close decision
Good progress on disinflation and weak labour market open door for cut in March