Central Banks
News coverage drove 2023 US bank runs – NY Fed study
Equity investors only became attuned to lenders’ weak fundamentals after mass panic began
France’s fiscal ills may require ‘targeted taxes’ – BdF head
Villeroy de Galhau warns citizens there is no ‘magic tax’ that only others will pay
BoE’s Breeden dismisses worries over UK’s persistent inflation
September’s flare-up in prices will not have significant second-round effects, deputy governor says
India maintains wait-and-see approach with rates hold
RBI’s governor says effects of previous easing cycle and US tariffs have yet to play out
Future-proofing reserve management and monetary operations
Central banks are searching for ways to streamline and optimise by leveraging cloud technology, AI and DLT.
FX turnover surges 28% to nearly $10 trillion a day – BIS
Triennial survey finds euro has overtaken dollar in OTC interest rate derivatives market
AI could fundamentally alter market dynamics – Fed study
Tech is not purely algorithmic as it has inherited human biases, say authors
Waller praises DLT, AI and stablecoins for payments
Governor says there is nothing to fear from new technologies or payment providers
Eurozone payment systems not ready for quantum – research
Bank of Italy paper calls for more robust cryptographic algorithms and quantum roadmaps from suppliers
EMs can adopt higher inflation targets – BoE Bulletin
Authors say more elevated goals reflect economies’ faster growth and susceptibility to supply shocks