Central Banks
Netherlands Bank aims to cut costs by 10% with spending freeze
DNB 2030 programme will involve job losses, spokesperson says
Fed vice-chair says progress on inflation has stalled
Jefferson pushes for caution as US central bank lowers rates towards neutral
Hong Kong and Saudi Arabia to launch $1bn fund
HKMA will team up with Saudi sovereign wealth fund to help Chinese firms invest in Middle East
How generous is the UK’s new deposit insurance limit?
BoE’s decision to raise limit to £120,000 marks first change in eight years
Ueda outlines BoJ policy in first meeting with new PM
Governor says monetary policy will guide inflation smoothly towards 2% inflation target
Centralised comms unit staff earn lesser salary than peers
FTE employees average roughly 20 personnel across central banks
Irish governor warns against stretched equity valuations
CBI is latest institution to flag risks of market correction as talk of AI bubble continues
Iceland cuts back on regular currency purchases
Reserves have reached more than 120% of IMF’s preferred metric
More independent central banks hold fewer dollars – research
De-dollarisation benefits Singaporean and Korean currencies, while Australia’s and China’s lose out
Lebanon strengthens oversight of financial system after US visit
Central bank tightens AML/CFT rules as Washington tells it to contain Hezbollah funding
Vietnam to allow major banks to increase gold positions
State media says central bank aims to reduce gap between global and domestic prices of precious metal
BoE paper highlights ‘cost-of-carry’ channel of monetary policy
High inventory levels can boost transmission, authors say
Hybrid comms teams prioritise website over other activities
Communications department budget averages just over $1 million yearly
France could lose 7% of GDP from climate-linked event – BdF deputy
Bénassy-Quéré says even ‘the most ardent’ sceptics will have to accept reality of global warming
Will AI’s bubble gum up the US economy?
Experts weigh in on prospects for growth, employment and interest rates if the bubble bursts
Bolivia’s new government picks interim central bank chief
Career monetary authority official David Espinoza vows to restore independence
‘Imaginations are running wild’ – Nagel on AI
Europe is prepared for a financial downturn, Bundesbank president says
Nigeria and Waemu brace themselves for T+2
Former head of West Africa Monetary Institute believes change will boost cross-border payments
ECB’s Elderson welcomes debate on simplification
Vice-chair of supervisory board points to expanding proportionality and cutting capital stacks
IMF sees room for further easing in Thailand
Country’s household debt challenges compounded by other shocks, mission head says
South Africa lowers inflation target from 4.5% to 3%
Sarb governor’s wish finally granted as finance minister announces change during budget review
BoE, MAS and BoT to test synchronised FX settlement
Project will use ‘synchronisation operator’ to achieve atomic settlement