Central Banks
Fed governors extol AI’s ‘transformative’ potential
Waller sounds bullish note on technology, though Cook caveats optimism by warning of impact on jobs
Hong Kong taps reserves to fund infrastructure spending
Government to draw from HKMA’s investment income for first time in more than 40 years
DNB implements ‘geopolitical resilience programme’ for banks
Chair of supervision says Dutch central bank must be able to perform core tasks in ‘extreme scenarios’
Two-thirds of central banks predict CBDC adoption in 5–10 years
Stablecoin launches seen as more likely by authorities without CBDC mandate
Thailand unexpectedly cuts rates on lower growth outlook
Central bank hopes easing of policy will support SMEs, households and overall economy
RBA did not lose focus on inflation, says deputy governor
Hauser says last year’s cuts were based on assumption that price levels in Australia would be lower
Monetary policy in Asia since the pandemic
Asean+3 nations must plan to tackle ‘disturbance’, ‘structural’ and ‘radical’ uncertainty using a disciplined policy mix to preserve price stability amid global shocks, writes Dong He
Hungary eases policy for first time since September 2024
Governor insists central bank is ‘not starting a rate cutting cycle’
Waller: my next FOMC vote is ‘close to a coin flip’
Governor says January’s positive jobs figures may be ‘noise’ rather than ‘signal’
Jamaica cuts rates as outlook for inflation improves
Figure expected to return to target by December, central bank says
Most circulating stablecoins pegged to the greenback
Jurisdictions with stablecoins in use are largely high and upper-middle income countries
Policy normalisation may cause economic contraction – BoJ study
Effects greater under less credible forward guidance, central bank researchers find
Lagarde downplays odds of early exit
ECB president uses interviews to say she is on a ‘mission’ with a ‘baseline’ of serving out her term
High tariff regime in the US is ‘here to stay’ – BoE’s Taylor
Impact on trade flows and pricing will take years to play out, MPC member says
US firms dominate entire AI supply chains – BIS bulletin
Tech giants operate across all layers, including designing chips and running clouds, study says
Europe’s strength in numbers could mitigate risks, says Panetta
Italian governor calls for progress on capital markets union to help guard against geopolitical threats
Lower reserves share not a sign of dollar’s decline – paper
Growth of FX coffers in countries holding fewer greenbacks dilutes currency’s share, NBER study finds
Philippines may not reach digital payments goal, says governor
Rate cuts will have limited impact on growth, despite BSP having ample policy space, says Remolona
Financial stability seen as top risk from private digital money
Concerns differ somewhat by region
Reform rules or risk ‘coercion and mercantilism’ – Lagarde
ECB president says it is better to revise current international order than to abandon it
Shipping congestion drives up inflation – IMF paper
Study of tracking data shows delays at ports are reflected in headline inflation
Banxico minutes signal potential resumption of rate-cutting cycle
One-off hit of tax rises and tariffs could see rates cut in March