Central Banks
Papua New Guinea flights grounded amid FX dispute
Central bank accuses fuel supply firm of failing to repatriate foreign exchange earnings
Mexican government nominates new Banxico board member
Previous member Esquivel played dovish role on rate-setting body
Tonga names new governor
Moeaki takes up role after disqualification from parliament for bribing voter
South Asia’s rapid progress under threat, IMF warns
Millions have escaped poverty but “bold” policies are needed to avoid backsliding
Bank of Japan to raise inflation forecasts, reports say
Central bank said to be likely to project nearly 2% annual inflation for 2024
Brazilian financial intelligence unit moves from central bank
President gives finance ministry control of unit but leaves its powers unchanged
Bahamas central bank backs law change on SDRs
Governor supports move to allow finance ministry to use SDRs but opposition condemns proposal
FOMC waiting for ‘more evidence’ of inflation decline
December FOMC minutes show staff and policy-makers warning inflation risks remain high
Tunisian governor warns country needs IMF deal after latest hike
Country faces rising inflation as foreign exchange dwindles and political crisis continues
Israel raises rates to highest level since 2008
Governor warns new government that markets expect fiscal responsibility
Taiwanese central bank unveils climate change strategy
Central bank aims to promote sustainable finance and incorporate climate factors in forecasting
Paper explores development and monetary policy transmission
Financial development only improves transmission to some rates, Colombian researchers find
Syria devalues currency
Black market still trading at substantially weaker rate
Ukraine accuses Russian governor of crimes during occupation
Security service says Nabiullina organised effort to create “ruble zone” in Russian-controlled Kherson
People: Nigeria reappoints deputy governors
Czech National Bank names new deputy; New York Fed appoints chief operating officer; and more
BIS finds Brexit dented London’s financial ‘pre-eminence’
London remains a leader in banking and derivatives, but has lost some market share
Fed warns banks on crypto exposures
Regulators cite “lack of maturity and robustness” in crypto firms’ risk management
Rates round-up: Turkey pauses rate cuts
Egypt hikes main rate 300bp after IMF deal; Indonesia decelerates tightening; and more
Italian prime minister says ECB policies are ‘making things worse’
Government ministers warn of difficulties for Italian sovereign bonds
Iran appoints new governor amid protests and plummeting rial
Farzin becomes fourth head of central bank in less than two years
RBI strategy targets global rupee use
Central bank aims for wider use of Indian payment technology and spread of national currency