Central Banks
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
ISO 20022 payments messaging adoption rate increases
Majority of central banks uphold plans to transition by 2025
To govern well, manage ‘enterprise’ risk
Effective risk management should be governance-oriented and top-down; not operationally oriented and bottom-up, writes John Mendzela
People: April to June 2023
A round-up of central bankers in the news and on the move during the past three months
Central banks need short-run climate models – BdF governor
Governments may push central banks into ineffective climate action, Sarb governor warns
Dominican Republic cuts key rate by 50bp
Central bank expects headline inflation will have returned to target in May
Bank of Mexico to maintain tight policy, minutes say
Board says it will have to keep rates at 11.25% “for an extended period”
Boston Fed paper looks at wider impact of banking stress
High levels of leverage magnify impact of bank crises on output and employment
Hong Kong legalises retail crypto trading
Licensed exchanges will be able to trade major virtual tokens to retail investors
Sudan’s warring parties attack central bank and currency printers
Military sacks governor as fighting drives up prices amid existing food shortage
More than 80% of central banks are investigating CBDC
Central banks feel negatively about retail digital currencies in their payment systems
Eurozone inflation declines sharply in May
Core inflation declines from 5.6% to 5.3%
South African central bank prepares for total power failure
Sarb working on resilience plans but warns only “some transactions” may continue
Lagarde warns against excessive tightening
Eurozone inflation declined sharply in May from 7% to 6.1% and core inflation declined to 5.3%
Chilean commission proposes broader central bank mandate
Elected councillors and experts will decide on proposal before voters decide in December
IMF economist takes on vexed question of macro-pru calibration
Housing markets are “at a turning point”, says Laura Valderrama, and policy faces tough trade-offs
Most central banks regulate or operate instant payment systems
Bank accounts, phone numbers and QR codes are most common access tools for instant payments
Common deposit insurance essential for financial stability, says ECB
Central bank says tighter financial conditions are putting pressure on households and businesses
Thailand’s central bank raises interest rate for sixth consecutive time
Central bank highlights upside risks to inflation amid economy recovery