Central Banks
Bank of Mexico continues tightening with split vote
Governor stresses central bank needs to be cautious as inflation rises above target
HKMA to hold AML/CFT ‘lab sessions’ for firms
Hong Kong’s central bank wants firms to upgrade AML/CFT technology
Malaysian central bank to impose uniform base rate for retail loans
Unified rate will improve monetary policy transmission and consumer transparency – BNM
Central banks look set to upgrade RTGS systems in the next 12 months
Nine central banks said they are planning ISO 20022 adoption
Book notes: The pay off, by Gottfried Leibbrandt and Natasha de Terán
A timely introduction to and accessible survey of payment system developments
Turkish central bank holds rates despite pressure from president
Erdoğan said earlier that inflation would fall once rates were cut, but MPC declines to cut
Negative yields decline in Dutch bond markets
Sovereign bonds account for majority of securities yielding negative returns
Israel’s financial risks back to pre-Covid levels – central bank
Banks are well capitalised and housing-related risks are low, report says
Philippines central bank keeps key rate at record low
Central bank pledges loose policy “for as long as necessary” as Covid-19 cases increase
Over 50% of central banks actively regulate cost of payments services
Central banks with explicit payments mandate more involved in setting cost limits
Julio Velarde set to accept new term as Peruvian governor
New left-wing president said in June he intended to re-appoint long-serving governor
Global economy faces ‘decisive moment’ – IMF’s Gaspar and Gopinath
Policy-makers have “window of opportunity” to help those falling behind in Covid-19 recovery
RBNZ welcomes reformed governance framework
Overhaul of the central bank law paves way for new decision-making body
Link between US labour costs and inflation has weakened – ECB paper
US can sustain robust labour markets without risking inflation outbreak, researchers say
Fed decisions barely noticed by households – BIS paper
Researchers find even major events have only a muted impact on household inflation expectations
Mastercard and Visa dominate card scheme market
Number of operational card schemes ranges from zero to 10
New Bafin president takes up role
Ex-Finma head pledges to make heavily criticised German financial regulator “world class”
Energy prices boost Norway’s headline inflation to 3%
Core index declines to 1.1%, the lowest level in almost four years
OECD flags early signs of ‘moderating’ growth
Slowdown is widespread in advanced economies, but emerging markets see greater divergence