Central Banks
Sri Lanka cuts interest rates by 25bp
Decision follows improved economic figures but stubbornly low inflation
Emerging markets at greater risk from stablecoins, FSB warns
Limited regulation, resourcing constraints and FX exposures create hazards for poorer countries
Inflation more persistent in post-Covid era – Fed research
Study recommends aggressive tightening for longer
BSP launches fully automated intraday settlement facility
Central bank aims to ease gridlocks in fund transfers via its real-time gross settlement system
End of QQE and US rate decline will rein in Japanese yields – study
Japan’s institutional investors likely to stay in foreign bond markets, researchers say
Nigeria raises rates as inflation continues to rise
Central bank plans to maintain tight policy as food prices prove particularly challenging
Hungary cuts rates by 25 basis points
Country edges closer to ending monetary easing campaign
Turkey holds key policy rate despite fall in inflation
Central bank says services and food inflation are sustaining broader price pressures
Long-term repo set for bigger role in BoE operations
Executive director Victoria Saporta outlines “major change in operating practice”
Bangladesh Bank website hacked by protestors
Other government websites also inaccessible amid crackdown on protests
Brazil delays launch of recurring instant payments function
BCB postpones Automatic Pix until June 2025
Trinidad and Tobago cuts reserve requirement
Central bank plans move towards market-determined instruments of policy
More than half of US organisations ‘vulnerable to IT failure’
New research underlines cyber risks to central banks following CrowdStrike IT outage
Perceptions of monetary policy shape inflation – Dallas Fed paper
Academics say Phillips curve not always applicable post-Covid
Acting US comptroller warns of threats to stability
Hsu defends preemption, federal oversight and increasing regulation for large banks
Higher-for-longer inflation remains risk – Bank of Finland chief
Political uncertainty in eurozone dominating discussions in Frankfurt, says Olli Rehn
PBoC cuts suite of key interest rates
Move follows weaker-than-expected Q2 growth and policy meeting by Communist party
Monetary Policy Benchmarks 2024 – executive summary
Key findings from the benchmark on policy tools, liquidity facilities, transparency and more
State-supplied firms in Belgium are less profitable – study
Research by central bank shows financially troubled firms sustained by government orders
Egypt holds rates as inflation recedes
Central bank only forecasts significant decline in inflation next year
Global current account balance to narrow, IMF says
Weakening commodity prices have stripped energy-exporting countries of their surpluses
Macro-prudential announcements cut systemic risk, paper finds
BoE paper says unexpected changes that tighten policy are effective
Spanish political parties fail to agree on new governor
Opposition refuses to accept government’s nomination of former ECB official Escrivá