Central Banks
Swift tests AI-driven fraud detection
Pilot projects aim to detect fraudulent activity and improve information sharing
Are low-level inflation targets still fit for purpose?
Geostrategic shifts make the case for a narrow price target less compelling
Slightly over half of payments teams outsource services to third parties
Contracting central banks provide information on attendant risks and precautionary measures
Maltese governor pleads not guilty to fraud
Prosecutors allege Scicluna failed to challenge suspect hospital deal while finance minister
Fed research investigates supply chain resilience
Stiglitz and co-authors look at firms’ investment in production capacity
MNB tells Hungarian lending group to ‘tread lightly’ in Russia
“Selling subsidiary for less than half its worth would help Russia,” OTP Bank CEO says
Global natural rates could be rising, SNB governor says
Jordan says Swiss central bank’s approach allows it to deal with uncertainty over r*
BoJ pays record profits to government
Central bank contributes $13.8 billion with gains from ETFs and bonds
Payments staff strength averages close to 30 personnel
Employees in the Americas collect highest average annual salary
Book notes: Balance of power: central banks and the fate of democracies, by Éric Monnet and translated by Steven Rendall
This short book offers partial insights, but ultimately underwhelms
Acemoglu questions productivity benefits of AI
MIT economist finds weak productivity gains from AI and says benefits may be undermined by costs
Bank of Mexico lowers GDP growth estimate
Slow economic activity from last year continues into the first quarter
RBI launches platform to digitise regulation
Central bank also launches mobile app to buy and sell government securities
Beth Hammack named new Cleveland Fed president
Former Goldman Sachs executive will vote on Fed policy in 2024
Twenty years on, Visegrád states are converging to rest of the EU
Czech Republic, Hungary, Poland and Slovakia have undergone economic transformation, CNB finds
Chinese cities ease home-buying rules as housing slump continues
Analysts say real estate sector unlikely to turn around this year despite recent interventions
Fewer than half of central banks involved in pricing payments
But Asia-Pacific and African institutions are typically do engage in pricing
Sri Lanka keeps interest rates flat
Country introduces new governance reforms to state-owned banks
QE should stabilise rather than stimulate – ECB’s Schnabel
Asset purchases have become conventional, but central banks should exercise caution
Bank of Canada conducts large-scale survey of indigenous-owned firms
Indigenous firms have higher inflation expectations and use alternative funding sources
Cross-border payments key to boosting riel, Cambodian governor says
QR payments set to expand to India and Japan, as central bank aims for independent monetary policy
BSP policy-makers’ staff resign over absence allegations
Philippine central bank says an internal probe identified six staff and disciplinary proceedings are ongoing