Central Banks
Costa Rica and Paraguay whittle away at rates
Both countries make 25bp cuts as inflation falls
Chile continues lowering rates, despite weakening peso
Central bank also halts reserves accumulation, citing market turmoil
Fed proposes lowering permitted debit card fees
Proposal draws ire from Michelle Bowman and banking trade associations
Swedish parliament urged to reinforce legal status of cash
“More consumers and businesses need access to payment accounts,” says Riksbank governor
Remittances to Mexico reach record high, says Dallas Fed
Researchers say strong US construction sector fuels funds transfers
Slightly more central banks have access-to-cash policies
Almost two-thirds of respondents have access policies and nearly half minimum service rules
Bank of Canada holds policy rate again at 5%
Central bank suggesting rates will stay high as inflation remains strong
ECB holds rates unchanged at 4%
Central bank pauses tightening cycle after 10 consecutive rate increases
Turkey continues rate increases for fifth straight month
Central bank wants Turkey on a ‘disinflation course’ in 2024
RBA’s Bullock rules out setting an employment target
Governor says full employment cannot be reduced to a single measurement
Riksbank to offer counterparties new liquidity and deposit facilities
Measure aims to prevent volatility in overnight market rates as central bank reduces liquidity
Philippine central bank delivers off-cycle rate hike
Governor Remolona said high inflation expectations were ‘very worrisome’
Majority of central banks maintain currency denominations
Only a few countries removed denominations from active circulation in past five years
Hungary continues loosening as inflation falls towards 10%
MNB cuts base rate by 75 basis points
Macklem warns Canadian politicians against rates lobbying
Governor says politicians’ letters could suggest ‘operational independence is at risk’
China boosts support for economy with new debt issuance
The central government will issue one trillion yuan in bonds in the fourth quarter
Riksbank needs a capital injection, says governor
Swedish central bank estimates it would need close to Skr80 billion
CBDC opponent is Republican speaker candidate for four hours
Emmer has introduced 'CBDC Anti-Surveillance Act' to lower house
Corporate pandemic cash buffer is running low, finds research
The impact of monetary policy could grow as companies’ cash dwindles, Boston Fed paper says
Visual aids nearly universal on banknotes
Majority of respondents use four or five features on their paper currency
Firms’ pricing power was driver of generalised inflation, paper finds
Supply shocks gave firms cover to raise prices without losing sales, authors find
Botswana president appoints new governor
Government gives no reason for replacing Pelaelo, who led central bank since 2016
People: South Africa deputy governor plans to resign
BCIE presidential race; Chile general manager leaving; and more
New Zealand to publish new monthly price data
Central bank says the new data will be valuable for policy-making