Central Banks
China leaves LPRs on hold for 14th consecutive month
Decision in keeping with ‘moderately loose’ policy stance repeatedly outlined by PBoC officials
Everything you always wanted to know about money (but were afraid to ask)
Rupal Patel and Jack Leslie, authors of ‘Money: the inside story’, speak about how central banks can improve their comms – and credibility – by tackling popular misconceptions about how finance works
MBS convexity hedging: back with a vengeance, or ghost story?
More bonds now sit with active hedgers but market is split on whether flows can move US rates again
Shocks greater when inflation already high – BoE study
Bank publishes latest response to Bernanke review of UK monetary policy-making
Software may contain bugs for private credit – BIS paper
Bulletin says disruption from AI could cause outage for lenders heavily invested in sector
Nigeria’s president signs order to enhance virtual asset regulation
Central bank to chair ‘virtual assets council’ to help close regulatory gaps
Banks are reallocating risk, not reducing it – NY Fed study
Under Basel III, banks’ parent companies have made NBFI subsidiaries more fragile, authors say
Jasmina Selimović on managing Europe’s last currency board
The Central Bank of Bosnia and Herzegovina governor speaks about building resilience to counter geoeconomic shocks, strengthening reforms amid EU convergence, addressing stablecoin and NBFI risks, Sepa integration, and capacity building.
Fed watchdog issues warning after Chinese espionage case
Inspector-general’s report comes after former board adviser jailed for more than three years
Nine out of 10 Japanese people see prices rising
BoJ survey shows around half of respondents expect economic slowdown in a year’s time
BoE’s scenarios are best way forward, say ex-MPC members
Former UK policy-makers say forecasting approach is suited to today’s highly uncertain times
Canada holds rates for sixth time as growth outlook improves
Governor’s remarks removed explicit reference to future cuts or hikes
Unclear whether AI will reduce or heighten inequality – Barr
Fed governor’s caution contrasts with Warsh’s more bullish stance
Race for investment could turn AI boom into bust – BIS study
Paper warns of fragility through overcommitment and circular financing
BoK hikes rates and signals further tightening
Bank announces first rise in more than three years as Shin says growth and inflation will remain elevated
Kazakhstan scraps FX rule for state-affiliated companies
Requirement for proceeds to be sold domestically was implemented when Ukraine war led to depreciation
Angola cuts rates as inflation reaches 11-year low
Central bank says ‘no inflationary pressures in sight’ over coming months
Fed will ‘follow the law’ and ‘the data’ – Warsh
Chair tells Congress his aim is to keep US central bank out of politics
Odean White on cyber, natural disasters and geopolitical risks
Bank of Jamaica’s chief risk officer discusses weather event contingency planning, the impact of ‘shocks’ on policy, being proactive on quantum, and countering phishing and AI-enabled attacks
Overnight reverse repos are for managing liquidity, says PBoC
Deputy governor reiterates that seven-day facility still provides benchmark lending rate
Cross-border co-operation stronger for non-central bank supervisors
Roughly one-fifth of central banks lack supervisory college membership
Ethiopia raises rates for first time in two years
Move comes as NBE removes lending cap on commercial banks
US inflation and monetary policy at ‘crossroads’ – Waller
Fed governor says FOMC must be ready to prevent repeat of post-Covid inflation
RBNZ says New Zealand faces greater risk of persistent inflation
Central bank’s chief economist believes monetary policy may need to respond ‘more firmly’