Central Banks
CPMI and Iosco raise ‘serious’ concern over cyber security flaw
Global bodies say several FMIs have vulnerabilities in their cyber security
Eurozone inflation falls for first time in 17 months, estimates say
Eurostat figures show inflation dropping in most countries, including Germany
Bank of Lithuania targets 2025 for data governance overhaul
Central bank moves to “hub-and-spoke” structure as it seeks to streamline reporting and analytics
Central banks judge success of research by number of publications
Inflation and exchange rate most topical issues for central banks
Bank of Canada posts first quarterly loss in its history
“We do not make policy to maximise our income,” says Macklem
Bank of Thailand raises interest rate by 25 basis points
Central bank decision comes after headline inflation eased to around 6% in October
Knot and Schnabel strike hawkish tone on ECB policy
Portuguese governor calls for an end to 75bp hikes; Lagarde says inflation may still rise
BoE begins unwinding gilt market intervention
Use of “reverse enquiry window” designed to limit market impact from £19 billion sales
NY Fed’s Williams foresees rate cuts in 2024
Fed minutes discuss inflation expectation dispersion, losses and policy lag risks
People: October to December 2022
A round-up of central bankers in the news and on the move during the past three months
Rates round-up: Pakistan adds 100bp to main rate
Central banks raise rates in Kenya, Congo and Iceland
RBA to review payment system after outage
Central bank apologises for October incident that saw 500,000 payments via an Australian fast payment platform delayed for hours or days
Use of centralised data services increases across institutions
Rise of central data teams has gone hand in hand with greater use of alternative data
People: Esma appoints vice-chair
HKMA names deputy chief executive; MAS expands sustainability group
Colombian court annuls Carrasquilla appointment
Law required president to name a woman to vacancy to central bank board, say judges
Alternative data used at most central banks
Non-traditional data such as Google searches widely used to support research and forecasting
RBA governor apologises over forward guidance
Philip Lowe says he’s sorry that people took out mortgages on the basis of central bank guidance
Sarb hikes rates as inflation continues to rise
MPC votes by three to two for 75bp rise as Kganyago warns power cuts are harming economy
Chile’s Costa on tackling inflation, forex interventions and nowcasting
The Central Bank of Chile governor speaks about stubbornly high prices, Fed policy spillovers, reserve buffers, retail CBDC and the need to address unconscious bias
Slovak police charge governor with bribery
Kažimir strongly rejects allegation that he tried to bribe head of tax agency
China cuts reserve requirement ratio for banks
Change to ratio will release funds for banks to help hard-hit industries, says the PBoC