Central Banks
Mervyn King on his career and big ‘mistakes’
The former BoE governor speaks with Christopher Jeffery about the value of transparency, lessons from the GFC, the need to track broad money and tie short-term funding to haircut collateral, and danger presented by non-banks
Supreme Court sides with Cook against Trump
Justices rule that firing her would have given future presidents the right to dismiss Fed governors at will
Bolivia ends peg to US currency after 15 years
Finance ministry calls arrangement ‘unsustainable’ amid domestic dollar crunch
Bank of Spain announces plans to upgrade governance
Reforms will improve communications, change internal regulation, bank says
Hong Kong scales up in bid to attract central bank gold
Financial bureau chief targets Asian institutions to bolster gold storage to 2,000 tonnes, use new trading and central clearing services plus links to China, amid sovereign immunity concerns
Non-central bank authorities tend to supervise non-banks
Non-banks offering credit-like products unregulated in tenth of jurisdictions
PBoC designates RMB clearing banks for Indonesia and Africa
Bank of China (Hong Kong), ICBC and Standard Bank to operate services for Chinese currency
BIS warns of stability risks from ‘fiscal-financial nexus’
Report sounds alarm over public debt and NBFIs’ role in bond markets, as de Cos calls for immediate action
BIS shifts strategy ahead of 100th anniversary
‘BIS 100’ aims for resilience in complex environment, as bank sets new income record
Cheap Chinese imports keep eurozone goods inflation down
Paper says prices may stay low because of excess capacity, weak Chinese demand and yuan
QE reduces bonds’ safe haven properties – BdF paper
Safety is becoming ‘increasingly fragmented’ across asset classes, researchers say
Banxico holds rates at 6.5% in end to easing cycle
Board says inflationary risks remain ‘tilted to the upside’, despite recent easing of price pressures
ECB scraps 40 supervisory publications in simplification push
Revised guidelines should make bank’s expectations clearer, says vice-chair of its supervisory board
SBP finds digital payments make up 92% of retail volumes
Mobile banking and e-money wallets dominate Pakistan’s digital payments landscape
Vanessa Mussard on the Seychelles’ evolving reserve management
The Central Bank of Seychelles' financial markets chief speaks about minimum FX coverage requirements, reserves accumulation and diversification, the Iran war, climate vulnerabilities and building financial infrastructure
Governors move markets as much as ECB board members – paper
Presidents' speeches have greatest influence, followed by those given by heads of national central banks
Geopolitics is driving monetary policy – panel
ECB’s Vujčić points to impact of US equities, while BoE’s Taylor says uncertainty justifies rates hold
RBI and Myanmar central bank discuss swap line
Indian ambassador meets with Burmese governor to discuss payments co-operation
CBN alerts Nigeria’s financial sector to new sanctions
Lenders and other institutions ordered to report to central bank within 48 hours
Russia rates decision shows Nabiullina ‘in a good position’
Analyst says governor’s warning of fiscal policy’s inflationary risks illustrates Putin’s reliance on her
Payments Benchmarks 2026 – model banks analysis
Additional data breakdowns reveal different approaches to payments across cohorts
Paraguay holds rates at 5.5% for fourth time
Central bank expects inflation to remain below 3.5% target over the coming months
Forecasters look to complexity for better results
Central banks are developing models with production networks, non-linearities and heterogeneity
Libya says cyber security incident under control
No indication that customer accounts have been compromised, central bank says