Central Banks
ECCB reports record profit of EC$80.2 million
Central bank attained highest-ever profit in last fiscal year, after loss of EC$54 million
Brazil adopts new inflation targeting mechanism
Authorities must now give 36 months’ notice of new target rather than setting it annually
Briefing, analysis and research are monetary policy officials’ top duties
Average departmental staff remains below 40 persons
BIS instant payments trial to move from ‘concept to reality’
India joins Project Nexus as it prepares for “live implementation”
Hungary’s central bank orders faster action over Apple Pay glitch
Lenders deflecting customer complaints is unacceptable, says central bank
Half of central banks use forecast errors to assess policy impact
Surveys of expectations widely used but surveys of trust and understanding are less common
Syrian central bank says lenders must expand bank accounts
Citizens need accounts to receive cash transfers as government cuts subsidies
Masaaki Shirakawa on his ‘unease’ about 2% inflation targets and lessons from Japan
The former Bank of Japan governor speaks with Christopher Jeffery about the need to properly understand the business of banking, making sound contingency plans and the BoJ’s current policy constraints
BIS profit rises as balance sheet grows
Institution close to completing five-year strategic plan, as deposits hit record high
Monetary policy could face ‘tougher tests’ ahead, BIS warns
Soft landing “in sight”, but pricing imbalances, fragile fiscal policy and financial vulnerabilities loom
Canadian rate hikes may have lasting effects – research
Bank of Canada researchers find disposable income could decrease by up to 5% by 2027
US inflation’s last mile ‘could take several years’ – Cleveland Fed
Favourable shocks are necessary to reach 2% quickly, researcher argues
Czech National Bank cuts rates by 50 basis points
Next step likely to be a 25bp cut or a halt to easing, says central bank
Turkey holds interest rate amid rising inflation
Disinflation will start in the second half of the year, CBRT says
MAS expands asset tokenisation initiatives
Central bank publishes white paper on shared ledger system, and expands ‘Project Guardian’
Nearly 40% of central banks use targeted liquidity facilities
“Funding for lending” schemes remain widespread, though some have been wound down post-Covid
Trademark confusion influences US depositors, Fed paper finds
Federal Reserve Board researchers find a similar name to a failed bank decreases deposits
Sri Lanka signs debt restructuring deals
Government reaches agreement with 17-nation group and China’s Exim bank
Martin Schlegel becomes new chairman of SNB
Antoine Martin becomes Swiss National Bank vice-chair and Petra Tschudin joins board
Philippine central bank holds rates and cuts inflation forecast
BSP governor signals possible August rate but refuses to comment on board member allegations