Central Banks
Currency round-up: Uganda considers dropping smallest note
Suriname banker calls for larger denominations, while Chilean ex-governor opposes them
Cambodian governor’s daughter succeeds him
Chea Serey is the first woman to lead the National Bank of Cambodia
Argentina reaches provisional agreement with IMF
Fund may continue loan despite non-compliance and ease reserve targets
Chilean central bank starts easing cycle with 100bp rate cut
Board says inflation is falling faster than expected and signals further reductions
US bank lobbying spending increases sharply in Q2
ABA and ICBA increased their spending by 132.6% and 264% respectively between quarters
MAS to replace corporate cheques with deferred payment system
Singapore will move to new system by 2025 amid falling usage and rising processing costs
Myanmar to release new top-denomination banknote
Note will commemorate white elephant, as opposition accuses government of monetary financing
The financial sanctions maze
Anyone affected by Russia-related sanctions knows patience and caution are strongly advised, writes Richard Heckinger
Turkish governor warns inflation is rising
Erkan says central bank will have to “take very careful steps” as president appoints new deputy governors
European banks pass stress test’s 2023 adverse scenario
Tested banks had higher CET1 levels after adverse scenario than in 2021, EBA says
Bernanke to lead BoE review of inflation forecasting
Former Federal Reserve chair will work with Bank of England officials
Banque de France says printworks are going ahead
Staff end strike as central bank agrees to appoint ergonomist to help in design of new plant
Algeria is applying to join Brics bank, says president
Country joins Argentina and Honduras on list of applicants
BoJ loosens yield curve control, raises inflation forecasts
Ueda says Japanese central bank has been underestimating inflationary pressures
German economy remains stagnant in Q2
Official figures show no growth as outlook for eurozone largest economy’s remains weak
ECB raises rates again but Lagarde says pause is possible
Eurozone banks to receive zero interest on minimum reserves
Eastern Caribbean will drop UK monarch from notes
Heads of government decide to place ECCU’s symbol on new series of notes
Costa Rica cuts rates again as inflation turns negative
Strong currency and base effects contribute to unusual readings, central bank board says
US credit application rejections increase sharply
Automobile loan rejections hit highest level since NY Fed began measuring in 2013