Central Banks
Olaf Sleijpen to step up to DNB presidency
Klaas Knot says his successor embodies “substance, integrity and the ability to forge connections”
Mexico’s deputy governor hints at rate hold
Heath says analysts disagree with central bank over timeline on taming inflation
Trump: Powell is a ‘numbskull’ for not cutting rates
President calls for 100bp easing, while vice-president says Fed policy is “monetary malpractice”
PMA attacks Israeli efforts to end bank co-operation
Authority says proposal would cut off Palestinians’ access to basic goods and services
Connectivity makes payments faster and cheaper – panel
Officials at Summer Meetings discuss need to facilitate cross-border payment systems
Handful of central banks have bilateral payment links
Projects are nascent and growing, but some countries seek multilateral links instead
AI ‘not there yet’ for reserve management, panellists say
Managers say new technology helps with some analysis but risks remain
Monetary policy faces new era of complexity – Bosnian governor
Selimović urges rethink of central banking amid constant disruption and uncertainty
IMF’s Adrian highlights GaR’s value in scenario analysis
Chief financial counsellor tells Summer Meetings of motivation in developing award-winning framework
BoK expresses ‘grave concern’ over Korean economy
Governor says stimulus needed, but cautions against expecting too much from rate cuts
Central banks favour instant payments over CBDCs
Interoperability of systems and financial inclusion drive decisions among survey respondents
Liquidity is king for risk and reserve managers – panel
Short-term market moves cannot determine asset allocation, central bankers say
Capping interchange fees would benefit cash and card users – Fed study
Authors say limit on payment card charges would be advantageous for both customers and merchants
A fireside chat with BIS head Agustín Carstens
The lifetime achievement award-winner speaks with Chris Jeffery about how experiencing inflation shaped his career, gaps in economic theory and macro-pru governance, the future of money and the importance of international co-operation
Central banks looking to re-orient to euro from US dollar – panel
“Geopolitics is here to stay”, reserve managers say, as “very gradual” de-dollarisation continues
Acting US currency comptroller defends pre-emption
Hood says principle is in line with federal law and court precedent
Central bankers discuss policy-making amid high uncertainty
Flexibility, caution and financial stability analysis can support monetary policy, panellists say