Articles by Central Banking Newsdesk
Rates round-up: Colombian central bank holds at 13.25%
Dominican Republic cuts rates, while other central banks in the region stay on hold
World Economic Forum warns of CBDC ‘alliances’
Report recommends interoperability via “token switching” and common messaging standards
IMF extends food shock window despite low demand
Fund postpones end to looser caps on emergency credit
Nigerian central bank caps contactless payments
Move limits consumers’ daily contactless payments to $66
Kenya hikes 100 basis points at unplanned meeting
New governor says unexpected rise in inflation made rate increase necessary
Sri Lanka calls five-day bank holiday for loan restructuring
Plan offers domestic creditors a choice of haircuts, after IMF says authorities must act on debt
BoE proposes ‘Solvency UK’ insurance reforms
Government overruled central bank on tightening a key element of the rules
MAS proposes raising deposit insurance cap
Singaporean central bank says the change will mean 91% of depositors are fully covered by scheme
Low rates have small effect on bank profitability – researchers
A 100bp rate cut results in 5bp fall in banks’ net interest margins on average, study shows
No significant risk of US recession – St Louis Fed research
Sahm Rule and leading economic data indicate low – but not zero – recession risk
New Zealand rejects RBNZ’s call for single price-stability goal
Updated central bank remit retains twin goals of price stability and maximum sustainable employment
SNB to test wholesale CBDC in real-world pilot
Tokenised assets will be settled on the SIX Digital Exchange
Austria introduces new clearing service
Central bank welcomes lender-owned company’s oversight of new system
Fed’s Bowman questions Barr’s bank failures report
Governor says supervision is preferable to higher capital requirements
SBP reverses course and hikes rates 100bp
State Bank of Pakistan raises key rate in emergency session as IMF deadline looms
Zambia agrees foreign debt deal
Government agrees to repay faster if IMF assesses its ability to do so has risen
Philippine and Indonesian MPCs hold rates again
Analysts expect both banks to keep rates unchanged for several more meetings
Two major lenders tighten limits on Russian transactions
Raiffeisen stops euro payments to Russia, and Bank of China stops yuan payments from Russia
NBER paper estimates demand for bank reserves in US
Fed needs global estimates of demand curve slope to maintain interest rate control, authors say
Africa: Rate rises for DRC and Namibia, but Zimbabwe says no
DRC and Namibia react to high inflation as expert says Zimbabwe is suffering hyperinflation
Latin America: Brazil holds rates despite president’s attack
Chilean board also holds policy, while Costa Rica cuts after inflation goes below target
Switzerland and Norway raise rates
Norges Bank expects further increases while SNB does not rule them out
BoE makes surprise 50bp rate increase
Central bank to review modelling framework after repeated forecast errors
Finnish governor Rehn will run for president
Marja Nykänen will be acting governor of Bank of Finland while Tuomas Välimäki takes ECB role