Central Banks
Central Bank of Kenya orders digital credit firms to ‘cease and desist’
Backlog of 278 applications pending while central bank awaits paperwork
IDB fires president after accusations of abuse of power
External investigators claimed Claver-Carone had not co-operated with probe
Expectations are key to carbon tax’s impact, says ECB paper
Inflation may rise if consumers doubt government’s commitment to raise green taxes, research finds
Thailand’s central bank raises rates 25bp again
Inflation reaches highest level since 2008 as baht weakens
BoE to buy bonds on ‘whatever scale is necessary’
Turmoil in gilt markets forces pension funds to dump assets to meet margin calls
Senior BIS official highlights risks to Asian economies
Chief Asia-Pacific representative warns of increased debt levels in Asia
Some new monetary frictions
Negative net interest set to hit Fed earnings with monetary and fiscal policy implications
IMF warns UK government as pound resumes fall
BoE’s Huw Pill signals need for “significant monetary policy response” to government spending plan
ECB will not consider QT until rates back to normal – Lagarde
Central bank holds close to €5 trillion in eurozone securities, over €4.2 trillion in public assets
Digital dollar could reduce unbanked in US by 93% – Dallas Fed paper
Inclusion need not come at the cost of disintermediation, researchers find
Governments should raise taxes to support energy bills – ECB’s Lane
Firms must stop trying to make large profits or face tougher policy, ECB chief economist warns
Staff salaries at reserves departments increased 17.6% from last year
Total staff numbers declined by 10% to 27
King Charles to appear on Bank of England notes from 2024
Other Commonwealth central banks have made little comment on changeover
Controversial nominee joins Paraguayan board
Central bank continues tightening process with fourteenth straight hike as inflation slows
IMF says it will not provide loans for Zimbabwe
Fund urges central bank to cease “quasi-fiscal operations” as official inflation reaches 285%
Turkish central bank cuts rates despite 80% official inflation
MPC says growth rate could be slowing, and warns of pressure on current account
BoE ‘monitoring developments’ amid market ructions
Many analysts had predicted early policy action from central bank
World Bank president under fire over climate comments
David Malpass seemed unsure about man-made climate change
Brazil makes first FX intervention of the year
Strong real bucks wider regional trend of depreciation against the dollar