Central Banks
Cuban official denies plans to issue higher-value notes
Deputy governor says rumours are inaccurate as citizens face cash shortages and inflation
New Zealand finance minister defends dual mandate
Robertson rejects calls for changed mandate and new regulator ahead of general election
Reserve managers cut duration as top inflation-proofing strategy
No respondent reports expansion into non-conventional assets
Ukrainian central bank carries out second wartime rate cut
Sustained fall in inflation is likely to continue as food supply improves, NBU says
ECB raises rates to all-time high of 4%
Lagarde says “solid majority” supported raise but says some members opposed it
Debt levels are likely to start rising again, IMF warns
China playing major role in debt growth, as low-income countries face worse risks, analysts say
Armenia and Georgia cut policy rates
Georgia says domestic inflationary pressures are strong, while Armenia expects gradual rise
Retail CBDCs can promote payment competition, report finds
BIS, HKMA and Bank of Israel say project found using different service providers need not harm security
Boards responsible for benchmark approval at most central banks
Over half of lower-middle income respondents favour investment committee over other methods
Book notes: The Continental dollar, by Farley Grubb
Grubb’s book brings an important new interpretation to this founding moment in US financial history
Margining added to liquidity stress after Ukraine invasion – BIS
Bulletin article examines how tool designed to promote stability can have undesirable side effects
Myanmar official says Mir payments will launch in October
Central bank leader had predicted the Russian card would start circulating last year
ECB criticises Italy’s windfall tax on banks
Central bank warns measure could hamper monetary transmission and weaken lenders
ECB nominates Bundesbank’s Buch as new head of supervision
Governing council votes for German official over Bank of Spain deputy governor
Helder Lopes becomes Timor-Leste central bank governor
Country faces bank lending challenges due to limited land registry
Momentum builds to end RBNZ dual mandate
Think-tank calls for abolishing deposit insurance and creating new prudential regulator
Central banks’ average import coverage ratio falls further
Upper-middle income institutions tend to have a higher ratio
Tunisian president wants central bank to directly finance budget
Central bank governor has rejected calls for monetary financing as observers warn of growing crisis