Central Banks
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
People: Peru’s president-elect asks governor to stay on
Plus: Irish central bank makes senior appointments
Move to inflation targeting could boost resilience – IMF paper
Countries in Middle East and central Asia should make exchange rates more flexible, authors say
Romania and Poland continue to hold rates
Central banks exercise caution as inflation and geopolitical risk cloud outlook
FOMC worried about inflation despite rate hold
Minutes of June meeting highlight ‘broad-based’ price rises and persistent core inflation
Malaysia holds rates amid ‘fluid’ situation in Middle East
Central bank has kept benchmark rate at 2.75% for 12 months running
Size and business model are key elements of risk profile
Supervisors tend to inspect systemic banks once a year
Kenyan president signs new central bank law
Amendment provides framework for institution to offer emergency liquidity assistance
RBNZ tightens policy and expects more hikes to come
Central bank says inflation still above target
Yen options dealers struggle to hedge intervention risk
Hedge funds’ bets on BoJ intervention are leaving dealers with vol-surface exposures they can’t hedge cheaply
Silvana Tenreyro named as IMF chief economist
Former BoE policy-maker has research background in international economics
China allows its investors greater access to offshore bonds
PBoC ups quota as HKMA expands yuan funding and city begins trial run for gold clearing
Supervisors report sharp increase in AI adoption
Summarisation ranks as topmost area of application, with biggest use in larger teams
BoE proposes lower bank leverage ratio amid rising market risks
FPC warns that pace of AI investment is ‘unprecedented’ and sovereign debt is ‘historically high’
Data-driven approach needed to assess impact of AI – Lane
ECB board member sets out multiple unknowns as technology reshapes macroeconomic landscape
Israel continues easing cycle following US-Iran ceasefire
Improved inflation outlook and strong currency mean further cuts are likely, expert says
Supreme Court ruling does not end threats to Fed, say experts
Trump likely to continue pursuing Cook while seeking further influence over monetary policy
Less than third of supervisors ran resolution exercise in past year
But most in Europe and Americas have dedicated resolution team
Indonesia’s foreign reserves increase despite interventions
Central bank attributes slight rise to higher tax revenues and says holdings are sufficient
Soledad Núñez on the future of European financial stability
Spanish deputy governor discusses global regulation and lessons from extreme weather
People: RBNZ appoints assistant governor
BoE names new chief cashier; BSP board members reappointed; Japan designates deputy chair
ECB’s T2 suffers second ‘incident’ as Euronext reports outage
Euro and krone T2 settlements queued for 30–40 minutes following system update last month