Central Banks
Book notes: Walter Bagehot, by Janet Seaton and Barry Winetrobe
This slim biography succeeds in its mission of painting a portrait of a remarkable man
Indonesia amends law to expand BI’s growth focus
Rupiah hits new low as lawmakers are given greater oversight over central bank
Two-thirds of RTGS systems now aligned with ISO 20022
Over 80% of central banks aligned with CPMI harmonised standards
Powell lauded for independence fight
Economists discuss former Fed chief’s performance on monetary policy and communications
Yellen draws lessons from an age of extremes
Ex-chair calls on Fed to look through supply shocks, supervise pre-emptively and defend its independence
Orbán ordered Ukrainian gold and cash seizure – report
Investigation suggests Hungary’s ex-premier sought to use bank assets as bargaining chip for oil
Indian authorities rebut claims of $12bn gold sale by RBI
Government says share of bullion in central bank’s reserves has been rising
RTGS systems with broader hours accessed by more financial firms
Number of non-banks with RTGS systems access doubles year on year
MAS backs removing aliases from Singapore’s payments app
Central bank says change is to prevent scams, not increase traceability of payments
The next financial crisis may start outside the banks
The warning signs are multiplying and the window for preventive action is narrowing, writes Stijn Claessens
Euro ‘more appealing’ for both invoicing and reserves, ECB finds
Bank’s annual report on currency’s use draws on findings from Central Banking’s benchmarking
Central Bank of Nigeria announces high-level reshuffle
Four deputy governors take on new portfolios
Remote working drove US youth unemployment – NY Fed study
Economists say uptick in joblessness among US graduates predates spread of AI
RTGS systems’ running costs linked to operational hours
Two-thirds of infrastructure still operational for 7–12 hours daily
AFI’s Alfred Hannig on the criticality of financial inclusion
The CEO of the Alliance for Financial Inclusion speaks about the importance of collaboration on digital and open finance, cyber resilience, data and credit infrastructure, women’s inclusion and consumer protection, amid funding squeezes
Austria launches initiatives to combat online payment scams
OeNB to work with federal police to combat phishing and raise awareness about fraud
Syria extends deadline for exchanging old currency
Replacement rate stands at 63%, says governor
Market data good predictor of FX swings – BoJ research
Paper examines trade repository information in foreign currency markets
Powell makes renewed case for Fed independence
Former chair invokes presidents Kennedy and Adams in plea for institutional autonomy to be respected
RTGS systems process nearly 200 million payments on average
Transaction values average $11.6 trillion among respondents
Sarb hikes interest rates for first time in three years
MPC split, though governor says this was more about timing than direction of travel