Central Banks
Peru holds rates for second month
Governor says economic growth likely to underperform central bank’s estimates
Saudi Arabia gives Turkish central bank $5 billion
Turkish government moves to protect workers from firing in aftermath of earthquake
US housing prices are moderating, says Fed chair
But other indicators show need for tighter policy, says Jerome Powell
Russia may nominate candidate for World Bank president
Experts think move is meant to embarrass US
Banknote themes in motion
Antti Heinonen asks whether the world is about to witness a revolution in banknote images
China to overhaul financial regulatory system
Proposed changes reduce the PBoC’s role in financial oversight
BoE’s Dhingra cautions against ‘overtightening’
MPC member says there is little evidence cost pressures are being embedded in wages and margins
Layoffs higher in US tech industry – St Louis Fed
Data shows layoffs in “information industry” were up over 65% compared with April 2022
Blanchard and Summers say higher inflation likely to persist
Veteran economists say structural factors are likely to push up neutral rate and inflation
Bolivia sells dollars to public as reserves dwindle
Analysts say central bank may not be able to defend its peg much longer
Lebanese judge to interview central bank governor
Second judge summons Salameh over allegations as observers say governor could extend term
Lane sees tentative signs of easing in underlying inflation
ECB officials stress need to keep tightening monetary policy in the months ahead
OK regulator? How AI became respectable for AML controls
Dutch court case pressures supervisors to accept new tech; explainability the key challenge
Georgieva backs flexible credit line for Morocco
IMF executive board to consider request for $5 billion facility
IMF raises borrowing limits amid ‘challenging’ environment
Managing director calls on members to contribute more resources
Rates round-up: Australia signals more tightening to come
Guatemala and West African states increase rates, while Jamaica raises reserve requirement
Russian payment system to start operation in Cuba soon
Ambassador says Mir will help Cuba counter effects of embargo
Dallas Fed warns of global housing ‘slide’
US and German markets are out of touch with fundamentals, authors say
Argentine minister announces new dollar rate for winemakers
New bid to help exporters and build reserves after success of soy dollar
To repo or to buy? Non-bank liquidity backstops still elusive
BoE’s Hauser and Fed’s Logan flag major design challenges in building ideal market backstop
China sets modest growth target ahead of leadership reshuffle
Outgoing premier Li calls for accommodative policy and warns of property sector risks