Central Banks
Bailey says bigger hikes and faster QT ‘on the table’
BoE governor says MPC is willing to act “forcefully” to prevent inflation persisting
DNB fines Binance for ‘grave’ regulatory breach
Netherlands sanctions exchange over failure to register, but other regulators are more welcoming
Larry Summers says Fed suffers from dangerous groupthink
Former Treasury secretary argues a massive recession is needed to combat inflation
Corporate debt is a growing threat to financial stability
Policy-makers need to take action as tighter financial conditions risk tipping firms into distress, says Pedro Duarte Neves
Australians can bear rising borrowing costs – RBA deputy
But Michele Bullock warns of greater financial burden for recent homebuyers
Bank of Ghana denies rationing FX
Bloomberg made claim in June article citing swelling fuel import bills
Labour supply key to understanding inflation, Shin tells G20
Understanding labour market is critical task for policy-makers, BIS head of research says
Polish governor accuses opposition of plotting violence against him
Glapiński says Tusk could use “a mob” to remove him and says opposition has broken law
Myanmar orders halt to foreign debt payments
Authorities order wider range of partly foreign-owned companies to sell FX to central bank
Why fears about quantitative tightening are overblown
The benefits of collateral availability may outweigh the monetary liquidity withdrawn by central banks
Chinese regulator urges banks to fund housing projects
Some analysts argue it is time for Beijing to intervene more forcefully
Uzbekistan introduces new 200,000 som note
Highest denomination banknote designed to ease cash payments
Rethinking regulation of the modern financial system
Bank of Italy’s Maurizio Trapanese writes that rules need to address uncertainty as well as measurable risks, entity types as well as activities, and should not be overly complex
IMF says US faces hard balancing act
Excessive tightening by the Fed could cause negative spillovers for global economy, fund warns
Chilean central bank pledges to sell up to $25 billion to defend peso
Currency plummets by 4% to new record low against US dollar following 75bp rate hike
Fed internal watchdog clears Powell and Clarida
Inspector-general still examining Rosengren and Kaplan, while senators criticise new code
BoE’s Saporta floats idea of countercyclical liquidity buffer
Design of Basel III rules may be causing banks to hoard capital and liquidity, official says
RTGS operating hours must expand, BoE’s Cunliffe says
Longer hours and more non-bank access would speed up cross-border payments, says CPMI chair
ECB paper examines equity markets’ treatment of climate risk
Researchers look at public perceptions, investors’ judgement and firms’ risk premia
US Senate confirms Barr as Fed vice-chair
Democrat appointees now form majority of board of governors
Chilean central bank makes surprise 75bp rate hike
Board takes interest rates to highest level since 1998
Singapore and Philippines make unscheduled policy decisions
Central banks tighten policy as inflation continues to rise and US releases inflation data
Mismeasurement may cause ‘missing-investment puzzle’ – BoE’s Bailey
Rise in intangibles could explain apparent fall in investment despite stable returns, governor says