Central Banks
Israeli banks disburse benefits to customers affected by war
Central bank directs lenders to provide 3 billion shekels in relief over two years
Legal framework key to keeping money’s singleness – study
Interoperable blockchain payment systems could present challenges, say NY Fed researchers
RBNZ opens payment system to non-banks
Second phase will accept applications from payment service providers and overseas deposit-takers
ECB ‘assessing’ bilateral link to India’s UPI – Cipollone
Board member says US promotion of stablecoins presents real risks for EM central banks
Over 40% of central banks lack formal recapitalisation agreement
Ten banks were recapitalised in the past year
Vector-based language model can improve forecasts – BIS paper
“Word embeddings” can be used to make better inflation predictions, authors find
BoE proposes raising deposit insurance limit
Central bank suggests increasing level of savings protection to account for inflation since 2017
New Zealand to review banks’ capital requirements
RBNZ to consult “international experts” as lenders demand looser prudential treatment
Ghana raises rates to 28% despite fall in inflation
Central bank also points to credit risks in banking sector
Some central banks report pressure to change monetary policy
Central banks mention financial and political factors impacting independence
Concentrated ownership in US means fewer jobs, lower pay – study
Chicago Fed research says resulting changes have not led to any commensurate rise in productivity
Mexico’s central bank cuts rates by 50bp
Economist says last month’s uptick in inflation means Banxico should have held
Karim Souaid named governor of Lebanon’s central bank
Former asset manager will lead negotiations with IMF and banking reforms
Banknotes: January to March 2025
A round-up of news and salient issues that have affected central bankers in the past three months
One in five central banks pays unrealised gains to government
Most central banks have a formal agreement in place for sharing profits with government
BoT says payment systems still in operation following earthquake
Powerful quake hits Myanmar and Thailand as Bangkok’s stock exchange suspends trading
Business models at heart of 2023 banking turmoil – research
Unrealised losses and uninsured deposits were not main drivers of crisis, Chicago Fed paper argues
ECB monetary policy spills over to US – Chicago Fed study
Resulting appreciation of dollar causes US leveraged loan investors to demand more compensation
Bank of Israel governor criticises budget
Yaron says tax rises will not be enough to offset increased military spending and lower debt ratio
Bank of Thailand to start choosing new governor ‘within days’
Sethaput Suthiwartnarueput’s term to end in September
Two-thirds of central banks regularly audit policy processes
Internal and external audit functions are combined in most jurisdictions