Central Banks
Sama enables Google Pay, to launch Alipay+ by 2026
Saudi central bank expands payment system to global players in digitalisation drive
BI makes third surprise cut as lawmakers mull its mandate
Bank says 25bp easing aimed at promoting growth, pledges further monetary-fiscal policy alignment
Securities lending banks engage external managers for new assets
Allocation to third parties rises year on year to 15.6% on average
Political turmoil rattles Turkish lira carry trade
Echoes of March crackdown that sparked market rout leave traders on alert
NBER paper emphasises role of accounting in bank regulation
Bookkeeping conventions matter to how effective capital and liquidity rules are, authors write
Competitiveness, not regs, led to Poland’s RTGS upgrade – expert
Central bank aims to maintain payments “edge” with ISO 20022-compatible Sorbnet 3 system
BoK meeting minutes show sole dissenter favoured rate cut
Board members agreed economy showed signs of recovery, but majority voted to hold
Investment remains largest tranche of most FX reserves
Asset-screening central banks more likely to operate other tranches
Senate confirms Miran, while court allows Cook to stay
President’s nominee and person he tried to fire will both attend this week’s FOMC meeting
New taxonomy of operating frameworks from BIS economists
Two-dimensional approach captures “surprising similarities” between different methods
BIS warns of elevated equity prices amid ‘sanguine’ markets
High stock valuations “sit oddly” with fiscal sustainability concerns, according to quarterly review
Smaller reserve holders rarely lend securities or conduct stress tests
CVAR remains widely used risk management technique
Dollar dominance amplifies transmission of US shocks – study
Bank of Korea research recommends promoting South Korean bonds and internationalisation of won
Riksbank deputies say rate forecasting key to transparency
Officials say advantages of openness outweigh drawbacks
Options for realising gold revaluations
Is monetary gold a special case in central bank revaluations accounting?
National Bank of Serbia holds rates
Summertime inflation warrants restrictive policy, central bank says
Russia eases by 100bp in third consecutive rate cut
Governor says decision was warranted by falls in both inflation and economic activity
China and Indonesia expand cross-border settlement links
Central banks also announce QR-based pilot for payments in local currencies
US consumers’ expectations of finding work hit new low – study
Mean perceived probability of a newly unemployed person finding a job fell to 44.9%
Liquidity impairment harms policy transmission – BIS paper
Authors say QE may be more potent in times of market stress
Reserve managers typically do not employ negative screening
Central banks with short-term import coverage more likely to utilise tool
European Central Bank holds rates
Staff’s new projections look “similar” to those published in June, Lagarde says