Financial Stability
Macro-prudential announcements cut systemic risk, paper finds
BoE paper says unexpected changes that tighten policy are effective
BoE’s high-value payment system hit by ‘global payments issue’
Settlement of some payments delayed after problem originating with Swift; ECB delays closure of Target systems
Basel Committee finalises crypto asset disclosure rules
Disclosure and prudential standards to be implemented by 2026
Nature risk poses ‘major data and modelling challenges’ – FSB
Stocktake finds supervisors at varied stages of analysing biodiversity loss and related risks
Central clearing creates repo concentration risk – research
‘Window dressing’ is a uniquely European phenomenon, Bank of Italy study finds
Banks not fully prepared for repo risks – BoE’s Benjamin
Margining practices fail to account for “jumps to illiquidity”, executive director says
Asian Development Bank raises growth outlook for Asia
Inflation forecast falls from earlier projection
Ethiopia launches new monetary policy framework
Move is part of effort to unlock much-needed funding from IMF
PMA launches loan scheme for Palestinians barred from Israel
Monetary authority aims to help workers set up business projects in West Bank
Pakistan seals $7bn IMF funding package
Institution says bilateral support will be necessary to meet objectives
US unemployment or inflation will worsen if vacancies do not fall – study
Research says “last mile” in tackling inflation will depend on developments in labour market
Automated market-makers create market integrity and stability risks – research
Canadian research warns of real economy impact, depending on level of interconnection
Policy should ‘accommodate’ core inflation to ward off unemployment – paper
Central banks can help insulate vulnerable households in event of energy shock
Gambia receives $11m from IMF
Inflation is easing, but remains well above target
Powell warns of commercial real estate risks
Fed chair tells Senate further cooling of the labour market could induce a rate cut
Vietnam mandates biometric verification for many online transactions
Bank customers must provide face or fingerprint ID for transactions over $393
Israel holds rates amid fears war could escalate
Bank of Israel raises interest rate forecast for next year
Ukraine’s governor on central banking as war endures
The NBU’s Andriy Pyshnyy speaks about the need for investment and reform amid labour shortages, securing war-risk insurance and Ukrainian funding from Russia’s frozen assets
Taliban regime appoints new Afghan governor
Noor Ahmad Agha is under international sanctions over alleged terrorist links
PBoC to start additional open market operations
Move could increase importance of seven-day reverse repo rate, some analysts say
Inflation targets have served EMEs well, says Sarb governor
EMEs and banks have ridden out rate rises relatively well, but refinancing and geopolitical risks remain
Basel Committee approves new stablecoin exposure framework
Details on new crypto asset and IRRBB rules, plus third-party risk consultation due out this month
Turkish inflation falls for first time in eight months
Cooling prices could herald disinflation trend despite negative real rates
Banque de France and HKMA to conduct cross-border CBDC test
HKMA is the first non-European central bank to join the Eurosystem’s wholesale DLT settlement trials