Central Banks
Singapore leaves monetary policy unchanged
Decision comes despite moderation in domestic inflation
Bank of Russia hikes interest rates by 200bp
Labour shortage continues to grow under war economy
Firms’ prices respond rapidly to CPI data – BoE study
Companies are more sensitive to rises in inflation than to falls
Eddie Yue reappointed as head of Hong Kong Monetary Authority
Chief executive says HKMA will promote stability amid “complex” economic and geopolitical environment
Income not main determinant of inflation variances – ECB study
Research claims “fixed shopping basket” method not helpful for measuring differences across households
Head of Malta’s central bank resists calls to resign
Prime minister removes embattled governor from board of financial services authority
Uzbekistan reduces policy rate by 50bp
Central bank delivers first cut since May 2023
The unbearable lightness of the krone
Norway's weak currency reflects financial markets’ lack of confidence in the country's economic policy
Banks begin tailoring offers to Gen Z’s needs – MNB report
First “fully digital” generation expects 24/7 digital payments solutions
Palestinian Monetary Authority launches instant payment system
Move aimed at providing alternative to traditional services damaged during conflict
PBoC unexpectedly cuts key interest rate
MLF rate’s 20bp reduction is largest decrease since 2020
BoE to open non-bank emergency facility in Q4
Central bank working “at pace” to deliver facility, as it publishes provisional design
Central bank balance sheets: is there an optimal structure?
Establishing guidelines is challenging, although there are many reasons why CBBSes are heterogeneous
Monetary Policy Benchmarks 2024 – model banks analysis
Further breakdowns of the data reveal patterns in staffing, liquidity tools and transparency
RBA examines central clearing for bond and repo markets
Central bank says recent developments mean there is a stronger case for CCPs
Sri Lanka cuts interest rates by 25bp
Decision follows improved economic figures but stubbornly low inflation
Emerging markets at greater risk from stablecoins, FSB warns
Limited regulation, resourcing constraints and FX exposures create hazards for poorer countries
Inflation more persistent in post-Covid era – Fed research
Study recommends aggressive tightening for longer
BSP launches fully automated intraday settlement facility
Central bank aims to ease gridlocks in fund transfers via its real-time gross settlement system
End of QQE and US rate decline will rein in Japanese yields – study
Japan’s institutional investors likely to stay in foreign bond markets, researchers say
Nigeria raises rates as inflation continues to rise
Central bank plans to maintain tight policy as food prices prove particularly challenging
Hungary cuts rates by 25 basis points
Country edges closer to ending monetary easing campaign
Turkey holds key policy rate despite fall in inflation
Central bank says services and food inflation are sustaining broader price pressures
Long-term repo set for bigger role in BoE operations
Executive director Victoria Saporta outlines “major change in operating practice”