Central Banks
Unclear whether AI will reduce or heighten inequality – Barr
Fed governor’s caution contrasts with Warsh’s more bullish stance
Race for investment could turn AI boom into bust – BIS study
Paper warns of fragility through overcommitment and circular financing
BoK hikes rates and signals further tightening
Bank announces first rise in more than three years as Shin says growth and inflation will remain elevated
Kazakhstan scraps FX rule for state-affiliated companies
Requirement for proceeds to be sold domestically was implemented when Ukraine war led to depreciation
Angola cuts rates as inflation reaches 11-year low
Central bank says ‘no inflationary pressures in sight’ over coming months
Fed will ‘follow the law’ and ‘the data’ – Warsh
Chair tells Congress his aim is to keep US central bank out of politics
Odean White on cyber, natural disasters and geopolitical risks
Bank of Jamaica’s chief risk officer discusses weather event contingency planning, the impact of ‘shocks’ on policy, being proactive on quantum, and countering phishing and AI-enabled attacks
Overnight reverse repos are for managing liquidity, says PBoC
Deputy governor reiterates that seven-day facility still provides benchmark lending rate
Cross-border co-operation stronger for non-central bank supervisors
Roughly one-fifth of central banks lack supervisory college membership
Ethiopia raises rates for first time in two years
Move comes as NBE removes lending cap on commercial banks
US inflation and monetary policy at ‘crossroads’ – Waller
Fed governor says FOMC must be ready to prevent repeat of post-Covid inflation
RBNZ says New Zealand faces greater risk of persistent inflation
Central bank’s chief economist believes monetary policy may need to respond ‘more firmly’
MAS heralds progress on cutting carbon emissions
Central bank reports reductions in climate impact across its operations and investment portfolio
Supervisors report capital and liquidity resilience across banks
Basel II remains most adopted global standard among respondents
NY Fed study points to more tariff-related inflation in US
Survey shows many firms plan to pass on further costs to customers over coming months
Policy transmission weaker in poorer countries – paper
Authors say disconnect may reflect limited financial inclusion and prevalence of informal credit
Perception is reality when it comes to comms – BoE paper
Study finds central bank messaging rarely reaches public, though it shapes media narratives
BoK sees AI boom continuing
Central bank dismisses concerns that semiconductor business cycle has peaked
Some G-Sibs’ capital exceeds Basel III provisions – BIS study
Certain jurisdictions demand higher-quality capital than is required under post-GFC rules
Data quality is main focus for improved supervisory reporting
Supervisors with high level of automation rate submissions more highly, but quality still an issue
Serbia holds rates for 22nd consecutive month
Central bank says it is continuing to pursue cautious monetary policy
Japanese government stresses importance of BoJ independence
Ministers’ comments come after 10-year JGB yields spike to near 30-year highs
Vietnam tracks towards credit growth target
Central bank deputy governor says lending grew by around 7.4% in first six months of year
Rajan, King and Stein to head Warsh’s Fed task forces
Former governors among experts asked to help ‘advance the cause’ of US monetary policy