Central Banks
PBoC starts trading Chinese government bonds
Central bank has bought 100 billion yuan net of bonds in August
Global house prices have ‘almost stabilised’ – BIS
Prices still declining in aggregate, a trend driven mainly by China and the eurozone
Ukraine’s central bank cracks down on ‘money mules’
NBU says limits on transactions over next six months will give breathing space to state bodies
Wildfire pollution depresses home values and rents – study
Dallas Fed research finds effects extend to areas “thousands of miles” from where fires take place
Libya’s central bank suspends operations as crisis worsens
Armed groups attempt to break into headquarters and depose governor aligned with rival authorities
BoE calls for wider research into operational resilience
Most studies have focused on cyber attacks, though UK has been hit by varying types of incidents
South Korean regulators push for benchmark rate reform
Authorities encourage wider adoption of repo-based RFR for financial transactions
Mortgage reforms, surprise rate hikes harm renters – ECB study
Researchers say young people could lose equivalent of 1% of their lifetime consumption
Financial Stability Benchmarks 2024 report – seeking sounder banks
Banking regulation remains a work in progress for many central banks, but staffing is a problem
Bank of Israel holds key interest rate
Central bank says focus is on stabilising markets as war in Gaza continues
Fed study finds there are no truly offline payment systems
Hybrid solutions mitigate some risks, say researchers
Hungary holds rates after June ‘turning point’
Finance minister says central bank was operating in “cyclops mode”
HKMA launches new measures to support struggling SMEs
Authority expands banks’ access to company data and sets up taskforce to handle financing applications
India’s central bank to launch digital lending platform
New interface will enable frictionless credit, RBI governor claims
Triggers of August market ‘flare-up’ still in place, BIS warns
Leveraged positions remain at risk of sudden unwinding, as margin calls play amplifying role
Banknotes: July to September 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Bank of Albania denies having ‘printed money’ to finance HQ
Allegations over 2010 purchase of Tirana property resurface after leaked state audit
BLS revises US employment downward
Bureau says 818,000 fewer jobs were created over year to March than it had previously estimated
Libya’s eastern authorities shut oilfields over CBL governor row
Move follows second attempt to storm central bank in capital Tripoli
Jamaican finance minister set to become IMF deputy MD
Fund’s chief proposes Nigel Clarke for role, while general counsel announces retirement
PBoC stress-tests financial institutions’ bond holdings
Bank steps up efforts to tame market rally while keeping key medium-term rate unchanged
Campos Neto on inflation targeting, independence and the future of financial intermediation
The Brazilian governor speaks with Christopher Jeffery about tackling inflation, the need for financial autonomy, and redefining the financial landscape with open finance, programmable Pix, deposit tokenisation and sound cross-border payments governance