Central Banks
People’s Bank of China continues rate cuts
Cuts follow weaker growth figures as deputy governor promises stable credit growth
Consumer prices reach 30-year high in Canada
Wage increases fall below prices as consumers' inflation expectations reach record highs
Norges Bank signals March rate hike
Last MPC meeting under Olsen says economy needs says “gradual normalisation” of policy
Banks can exploit imperfectly informed investors – BIS paper
Some banks gain additional funding from investors who underestimate their credit risk, analysts find
Pakistan’s central bank asks government to rethink Afghan scheme
Channelling donations to Afghanistan might violate international regulations, central bank warns
Effective market operations in a modern central bank
Oliver Wyman’s Paul Fisher and Oliver Wünsch explain how central banks can successfully organise and manage their market operations departments with a public sector workforce, and when their objectives are not dictated by financial returns.
Minority of central banks define project risk appetite
Institutional risk and delegated risk appetites defined more often
ECB criticises Polish law on cash use
Frank Elderson says law “may not be in public interest” and says government failed to consult ECB
Visa and ConsenSys launch plan to bridge CBDCs and traditional payments
Payments giant and fintech firm to develop “on-ramp” to link up existing and new systems
Bank of Canada pilot explores transitional risks of climate change
Six financial institutions joined the central bank and financial regulator in auditing their assets
Norges Bank appointment process stirs debate on independence
Nato chief and former prime minister Jens Stoltenberg is proving a controversial governor candidate
Financial risk most staffed function
Risk management team sizes vary considerably between central banks
First deputy governor to leave Russian central bank
Bank of Russia appoints new officials in first major change to senior leadership in three years
UK inflation hits 30-year high
Figure is now highest since CPI series began, driven by energy and food prices
Ecuador brings in anti-theft dyes
Latin American country faces increasing crime rates including attacks on ATMs
Experts urge OCC to include climate risk in bank exams
Regulator’s proposed principles are step in the right direction, but still behind Europe
BoJ sees emerging signs of inflation in Japan
Central bank says inflationary risks are now “generally balanced”
Japan launches Oceania CBDC study
Fintech firm Soramitsu will examine outlook for digital currencies in four Pacific island states
Over half of central banks have a chief risk officer
Most have a risk management committee
PBoC cuts rates as Xi warns against ‘rapid tightening’
Quarterly GDP growth hits lowest rate in 18 months as Xi calls for international policy co-operation
ECCB digital currency suffers outage
Eastern Caribbean’s DCash disrupted by unspecified “technical issue”
Brazilian banks use market power to raise cost of credit – BIS paper
Research explores role of market power and informational switching in banking competition