Central Banks
Cash payments average over 30% of transactions in 2023
No pressures on number of printed banknotes, central banks say
Hungary holds rates again after September cut
Geopolitics prompt “careful, patient” monetary policy, says deputy governor
Eurozone needs to take more risk, says Bank of Portugal governor
Centeno says lack of investment is handicapping growth
Bank of Thailand official calls for more flexible inflation targeting
Deputy governor says excessive policy fine-tuning can be counterproductive
IMF warns central banks not to keep policy ‘too tight for too long’
Chief economist calls for “triple pivot” as global economic outlook shifts
Monetary policy shouldn’t overreact to one data point – IMF
Financial Stability Report highlights need for central banks to communicate steadiness
Inflation to be under control by next June – SBP governor
Head of Pakistan’s central bank hails fall in inflation to 6.9%, down from peak of 38% last year
Half of upper-middle income banks plan banknote issue in next year
Total number of banknote denominations in circulation averages under 10
Central banks must navigate impact of tokenisation – BIS
Paper weighs in on how policy-makers should react to innovations in financial market infrastructure
IMF disburses $340 million to Ethiopia
Fund commends country’s progress on monetary policy and exchange rate reform
MNB calls on Revolut to open bank subsidiary, not branch
Central bank says firm’s Hungarian customers deserve full deposit protection offered by banking laws
Colombian policy reforms boosted transparency, paper finds
Economists say central bank’s 2018-19 overhaul increased transparency based on two indexes
FSB calls for more action on cross-border payments
Reports say regional disparity remains and “significant progress” is needed to meet targets
PBoC cuts loan prime rates
Reductions in benchmark lending rates follow recent stimulus measures
Average cash values rise more than volumes year on year
Value of banknote pieces in circulation rises by over 30% on average
Bill aims to remove Tunisian central bank’s independence
Proposed law would also allow direct monetary financing of Treasury
Kenyan RTGS system transitions to new messaging standard
Central bank says ISO 20022 will help it monitor fraud and facilitate cross-border payments
New York Fed announces new reserve ampleness calculation tool
Bank’s president says new product will provide early-warning signs about reserves’ scarcity
PBoC launches special lending facility for share buybacks
Governor says central bank might also make further cuts to reserve requirement ratio
Egypt holds interest rates
Central bank expects inflation to fall as economy slows
Chile continues easing cycle with 25bp cut
Analyst says another reduction in December is “far from guaranteed”
European Central Bank cuts rates by 25bp
“Undershooting target” becomes real threat as markets’ medium-term inflation expectations fall below 2%
API standards would open up payment possibilities, says BIS
Bank also highlights financial and operational risks of linking systems across borders