Central Banks
ECB opens public consultation on new banknote design
Shortlisted themes include birds, rivers, European culture and values
Weak krona increases inflation risk – Riksbank minutes
Board members agree inflation remains too high and policy needs to be tighter
Chinese regulators impose fines on Ant Group and Tenpay
Regulators’ priorities have now shifted to “normalised supervision” of platform companies
Uganda passes Islamic banking law
Parliament removes provision for sharia advisory council at the Bank of Uganda
Central banks average four forecast updates a year
Final decision on projections jointly taken by policy-makers and staff in most jurisdictions
Some Fed officials wanted to raise rates in June, minutes show
‘Almost all’ FOMC participants expect to increase the target interest rate this year
Crypto tax would be lucrative but challenging, IMF paper says
Authors say authorities face problems categorising and tracking cryptocurrency activity
Uruguay cuts 50bp as inflation falls
Headline and core readings are lowest for several years, as officials predict slight GDP decline
Mexican MPC members determined to hold rates
All five governing board members agree it is necessary to avoid rate cuts to tame inflation
Is corporate pricing causing ‘greedflation’?
Firms in US and Europe are driving inflation higher by imposing above-cost mark-ups, researchers say
Malaysia’s central bank holds policy rate
Decision comes after headline inflation fell to one-year low but core inflation remains higher
Taiwan’s central bank calls for wage rises
Report calls for more unionisation after real wages fell in first quarter
US pandemic savings depleted by Q1 2023, says Fed research
Other advanced economies should expect pandemic-era savings to deplete within the year
Monetary policy staff numbers average below 40
European institutions and advanced economy central banks tend to have highest number of staff
ECB supports European Commission’s banking plan
Central bank calls for eurozone-wide guarantee scheme and more funds for resolution
Basel Committee overhauls supervision guidance
Key updates cover supervision of risks related to interest rate, operations and climate
World Bank releases country income classifications
Seven countries promoted, while Jordan falls a category due to population growth
Brazilian president’s nominees confirmed for central bank board
Observers speculate Galípolo may be next governor, while Santos is first Black board member
Philippines central bank examines impact of temperature shocks
BSP is also working with World Bank to stress test local banks’ exposures to transition risk
Ukraine’s governor on central banking in wartime
Andriy Pyshnyy talks about macroeconomic stability, running banks under missile attack, winning IMF aid and post-war reconstruction plans