Central Banks
Turkish president appoints new governor
Erkan faces exceptional challenges as questions remain over Erdoğan’s willingness to cede control
Eurozone’s economy contracts for two quarters running
Economic contraction will be a focal point of ECB meeting on June 15
Peru’s central bank holds rates despite high inflation
Board says decision does not mean tightening cycle is over
Zimbabwe devalues currency as crisis deepens
Analyst says Reserve Bank and finance ministry are struggling for control of FX reserves
Malawi central bank official says reserves nearly empty
Southern African country faces food crisis despite IMF aid
Philippine central bank cuts lenders’ reserve requirements
Move comes after BSP paused monetary tightening in May
More central clearing could have eased Covid shock – BoE paper
Efficiencies for dealer balance sheets could allow banks to play greater stabilising role, authors say
Few non-banks have access to RTGS systems
Maximum number of institutions reported to have access to one RTGS system was 233
Eurozone carbon tax hike would cause small GDP fall, paper finds
Raising tax to rate consistent with net zero would create only transient inflation, researchers say
Eurozone needs harmonised resolution tools, officials say
Commission proposals could bolster stability and common deposit insurance plans, say supervisors
RBI holds rate despite stubborn inflation
Policy-makers hint at need for further tightening as inflation stays above target
Economists warn Philippines state fund could increase corruption
Central bank will contribute annual dividends to fund for two years, delaying capital increase
Thugge confirmed as next Kenya governor
President’s adviser gets parliamentary approval and calls for dollar bonds to boost reserves
People: Israel appoints new chief supervisor
IDB appoints chief operating officer; IADI gets new head; and more
Most central banks have payment and settlement supervision mandates
Payment system laws contain oversight powers in two-thirds of jurisdictions
ECB paper examines green regulation’s productivity impact
Tougher rules seem to hurt productivity, but might raise it over longer horizons, researchers say