Central Banks
Vietnam and Laos launch local currency settlement framework
Central banks also set up cross-border QR payments link
ECB presidents’ displays of emotion affect markets – study
Research says leaders’ facial expressions and tones of voice amplify effects of their policy statements
Liquidity risk: finding the right balance amid growing challenges
2023 banking turmoil is leading to a rethink of liquidity requirements, writes Manoj Singh
NBER paper explores sources of ‘geoeconomic power’
Authors write of “urgent need” to understand “new era of geoeconomic rivalry”
West Balkan central banks to create instant payments system
Albania, Bosnia and Herzegovina, Kosovo, and Montenegro to launch Tips clone in 18 months
BoJ to discuss whether to raise rates, deputy governor says
Himino Ryozo says policy-makers need to monitor wage growth and future US policies
BoE study suggests policy can affect inflation expectations
However, many households still have theoretically “wrong” idea about effects of tightening
Finland’s fintech head on retail CBDCs versus instant payments
Payments unit leader Aleksi Grym discusses overlaps and synergies for retail CBDCs and instant payment systems in Finland and the eurozone
IMF: $44bn loan deal to Argentina fell short of expectations
Monetary policy’s effects limited as central bank suffered heavy cashflow losses, evaluation finds
Serbia rules out further easing for now
Central bank says previous rate cuts have yet to make full impact
Moldova makes surprise 200bp hike
Energy prices spur up Moldovan inflation prompting unscheduled meeting
Trade wars could cost world $6.5tn by 2030 – Swift study
Fragmented financial landscape “benefits no one”, report shows
The UK is not suffering another Truss shock
The increase in gilt yields is a long way from the turmoil of 2022, writes Jagjit Chadha. But it does highlight flaws in the use of fiscal rules
Mainland China and Hong Kong deepen financial ties
PBoC and HKMA announce new measures to promote renminbi use
One-fifth of central banks lack defined risk tolerance and strategy
But majority of respondents apply risk management principles to policies and processes
Central bank watch: watchful and wary easing ahead
Franklin Templeton assesses the monetary policy outlook for the Group of 10 central banks, as well as China and South Korea, as 2025 begins
Danish kroner coins to be minted in Spain until 2029
National Bank of Denmark heads south ahead of Finnish mint’s impending closure
Fed’s anecdotal survey correlates with economic data – research
Study says Beige Book’s “soft” data is “actually quite firm”
Banxico board uncertain on pace of easing, minutes reveal
Members had differing views on inflation dynamics and effects of tariffs in December meeting
PBoC suspends government bond purchases
China's central bank moves after “persistent excess demand” causes yields to hit record lows
Hungary’s central bank to maintain active green programme
MNB to offset 2024 carbon footprint with 36 hectare nature restoration