Central Banks
UK government ‘must act against decline in cash acceptance’
Parliamentary committee suggests firms could be made to accept cash to protect those who rely on it
Governing boards approve majority of strategic plans
Departmental heads widely assigned implementation duties
BoE plans to link system-wide and individual stress tests
Meanwhile, ECB wants to broaden system-wide stress models to include central counterparties
Six in 10 at ECB do not trust Lagarde – staff union survey
Survey shows frustration at career progression, employment uncertainty and HR over past decade
Inflation expectations survey flashes warning signs in US
University of Michigan report, cited by Fed officials, says outlook had dropped in tandem with tariffs
Next phase of BoE RTGS project aims for atomic settlement
New platform settled £778 billion on first day of operation, deputy governor says
Pakistan points to progress on inflation, reserves and growth
Central bank says tight monetary policy and IMF support will underpin recovery, but risks remain
Regulation should be ‘smarter’, not ‘less’ – ECB’s Donnery
Financial resilience cannot be sacrificed under banner of simplification, senior supervisor says
Three in four central banks use dedicated strategic units
Units typically have a direct reporting line to the governor
Yen rates losses from tariff drama top $1 billion
Losses came from forced unwinds of bets on BoJ rate rises
Eurozone fiscal policies grew real GDP, dampened inflation – ECB
However, Covid-era policies led to higher deficits and debt in years following pandemic, research finds
‘Liberation day’ likely to cause US recession – NBER study
Paper sets out conditions for tariff-driven downturn and says US is likely to meet them
BoE’s RTGS service update goes live
Renewal expands access to payments infrastructure, with increased focus on cyber resilience
Lebanon to introduce new banknotes
Parliament authorises issuance in response to high inflation and long-term depreciation of pound
Events are top channel for strategic plan communication
But over half of plans lack a framework for communication
‘This is not a wobble’: Brunello Rosa on the path to de-dollarisation
Digital currencies will play a central role as China challenges US hegemony, says economist
Rate hikes and financial stability can coexist – IMF panel
Policy-makers can ease lenders’ stress with short-term liquidity when tightening policy, say speakers
US Treasury secretary accuses IMF and World Bank of ‘mission creep’
Bessent says organisations should focus on core goals rather than issues such as climate change
BIS, ECB, BoE develop synchronised cross-border FX transactions
BIS says Project Meridian FX reduces liquidity, credit and settlement risk
Bank lending in Ukraine continues to grow, despite conflict
NBU survey reports demand from businesses and households is up, though loan quality may be slipping
Ethiopian governor hails benefits of central bank reforms
Mihretu tells IMF Spring Meetings inflation is now projected to fall to 10% in 2025-26