Central Banks
Nigerian governor says new banknotes will lessen cash hoarding
Governor says 85% of notes are outside banking system as finance minister criticises move
Central bank boards most often make decisions on banknote imagery
Banknotes image types vary from recognised figures to natural phenomena
Vietnamese governor tries to calm fears over banks
Nguyen Thi Hong says banks face liquidity bottlenecks and falling currency is causing pressure
Albanian governor says latest increase brings rates to neutral level
Gent Sejko forecasts inflation will not reach central bank’s target until second quarter of 2024
Greener energy mix would foster price stability, says Lagarde
More use of renewables would reduce chance of energy price spikes
China’s CBDC will have “managed” anonymity, says PBoC governor
Yi Gang says authorities must balance between protecting privacy and fighting illicit activity
PBoC welcomes anti-corruption probe into deputy governor
PBoC removes Fan Yifei from list of top officials and releases statement supporting investigation
Majority of central banks have access-to-cash policies
More than two-fifths require a minimum level of cash services from banks
Central bank assets enjoy ‘99%’ immunity
Why central bank assets possess legal immunity – but not from sanctions
Kuwait breaks pattern by holding rates after Fed hike
Five other Gulf states, including Saudi Arabia and UAE, raised policy rates to match Fed
Lagarde says ECB may need to tighten above neutral rate
ECB president confirms central bank will announce QT plans in December
Central banks’ gold demand hits record level
Purchases in 2022 reach 673 tonnes, higher than in any full year since 1967
Norges Bank raises rates again
Norwegian central bank governor says MPC might continue to slow pace of increases
Malaysian central bank delivers fourth straight 25bp hike
Inflation remains relatively subdued despite strong second quarter growth
Book notes: Yellen, by Jon Hilsenrath
This book offers new insights into the tough decisions and tremendous efforts Yellen has made as a pre-eminent economic policy-maker
Counterfeit banknotes removed from circulation average $425,000
UV ink and intaglio printing are most common security features
Bank of England rate hike is largest in over 30 years
MPC forecasts prolonged downturn and says it does not foresee rates rising to 5.25%
HKMA raises interest rate after Fed’s hike
Eddie Yue says US rate rises will not affect Hong Kong’s stability
Armenia raises policy rate by 50bp
Fleeing Russians are helping to drive inflation, central bank says
Philippines governor announces rate rise in two weeks’ time
Governor Felipe Medalla gives forward guidance on intensified rate hike after Fed decision
Banknotes generally have at least one aid for visually impaired
Raised inks are most common feature, followed by making denominations different sizes
Fed raises rate as Powell hints at further rises
Data suggests Fed will need to hike higher than previously expected, chair says