Central Banks
Peru holds rates amid too-close-to-call election
BCRP says effects of supply shocks that drove inflation will dissipate
Central banks laying ground for multi-currency settlement
Africa leads as region with most RTGS systems able to settle multiple currencies
Governor says BoK must tighten policy ‘before it is too late’
Shin rows back on previous calls to look through inflation and says data points in one direction only
HKMA joins push for yuan-rupiah settlement and exchange
Renminbi clearing bank to be established in Indonesia as country’s largest lender joins Cips
ECB hikes by 25bp as eurozone inflation takes off
Staff projections foresee higher price growth followed by downward revision over coming two years
De-dollarisation presents new opportunities – panel
Speakers at London Meetings outline unique approaches to dealing with changing investment landscape
Canada holds amid uncertainty over tariffs and energy shock
Governor points to US trade policy and Iran war as known unknowns affecting trajectory of policy
Supervision must be forward-looking, says ECB’s Donnery
Resilience prepares banking system for complex risk landscape, top supervisor tells London Meetings
Ueda’s hospitalisation may create challenges for BoJ comms
Observers say bank is still likely to hike, but signs of future policy path will be harder to read
Over 70% of jurisdictions now have an instant payments system
Nearly a fifth of central banks plan to launch a system in the future
BCB financial autonomy bill advances through Senate committee
Legislation first proposed in 2023 would give Brazil’s central bank full control over its budget
Monetary policy is about robustness, not precision – panel
Uncertainty is no longer an exception but the norm, panellists tell Central Banking London Meetings
Credit Suisse’s AT1 loss hurt regulatory credibility – paper
Declining bail-in spreads show markets doubt regulators will enforce resolution, BIS study argues
AML/CFT seen as biggest barrier to improving cross-border payments
All African central banks say AML/CFT compliance is a major challenge
Oil price shock to weigh on growth in Guatemala – IMF
Institution adds that central bank’s current monetary policy stance is ‘appropriate’
South Africa signals cautious stance on stablecoins
Deputy governor asks if they are efficient payment method or a means of circumventing regulations
Policy cannot handle effects of climate change – Slovak official
Authorities will be unable to fulfil mandates if they ignore impact, bank’s head of climate change warns
BI offers more support for rupiah with off-cycle rate hike
Bank plans measures to attract foreign investors to its debt as currency performs worse than expected
RBA flags risks posed by ‘acute’ geopolitical shocks
Australian central bank outlines short-term threats such as conflicts, sanctions and blockades
Three in 10 instant payment systems built in-house
Montran is most widely-used commercial partner for development
‘Dark corners’ authors on setting policy under intense uncertainty
Douglas Laxton and Shalva Mkhatrishvili say policy-making should work to avoid the worst outcomes