Latest
India launches CBDC pilot using 24/7 grain ATMs
Public can use QR codes or SMS passwords to release food
IMF: shareholders must absorb Lebanon’s bank losses first
Effort to repay depositors cannot undermine public debt sustainability, fund says after mission
Banks’ internal markets impact wider funding conditions – paper
Repos from affiliates play key role in channelling liquidity to financial system, authors find
ECB to offer repo line access to almost all central banks
Euro liquidity ‘granted by default’ unless breaching AML/CFT rules or sanctions, says Lagarde
MAS and HKMA aim to green red envelopes over Lunar New Year
Monetary authorities encourage the giving of used notes or electronic cash gifts to cut waste
Central banks keep trialling link between wCBDC and RTGS
Most respondents motivated to issue wCBDC to enable financial innovation
Chicago Fed study points to AI tail risk for US banks
Authors warn that a risk event could spill across multiple industries
QT ‘crucial’ if ECB is to tackle future crises, says Nagel
Bundesbank president says dollarisation by way of stablecoins could weaken European sovereignty
Egypt cuts rates by 100bp and lowers reserve requirements
Central bank continues to reverse tight monetary policy stance as inflation gradually declines
Russia eases by 50bp despite inflation risk
Central bank says pro-inflationary threats are still greater than disinflationary ones
Repeat of past mistakes fuels risk of new crisis
Jesper Berg and Hans Geeroms argue that bank lobbying has succeeded in securing a dangerous softening of rules
Majority of central banks still lack CBDC issuance powers
Legal mandates are scarce in both larger and smaller central banks
BSP to use satellite imagery to aid policy-making
Philippines central bank partners with space agency to help identify climate-vulnerable communities
People: Change at the top in South Sudan
Plus new appointments in Austria, Romania and at the ECB
IMF and NBU rework models to reflect Russia-Ukraine war
Forecast process redesigned to take account of battlefield uncertainty and additional policy tools
BoE to assess eligibility of digital gilts in monetary operations
UK set to become first G7 country to issue sovereign bonds on DLT
Suspended Bulgarian deputy appointed as caretaker PM
Country’s president says Gurov is only candidate not tainted by association with outgoing government
Nigeria opens up official dollar market to bureaux de change
Move aims to strengthen retail FX liquidity and close spreads with exchange rate in informal economy
Two in five CBDCs designed to be programmable
Over half of respondents’ retail CBDC projects are at research phase
RBNZ welcomes external probe into Covid-era monetary policy
Finance minister says bank’s easing and asset purchases caused ‘decades-high inflation’
UAE central bank joins Hong Kong’s bond clearing scheme
Monetary authorities say move will provide Gulf state with direct access to renminbi debt market
Reserve managers focus on the ‘E’ in ‘ESG’
Central banks continue buying green assets while largely eschewing governance and social elements
Central bank independence ‘a means to an end’ – Miran
Fed governor says autonomy increases chances of monetary policy being aligned with business cycle
Waller: ‘Skinny’ master accounts can shield Fed from legal risk
Governor also argues that stablecoins are forcing banks to innovate with payments
European parliament votes for online and offline digital euro
MEPs' stance on CBDC is now closer to that of EU heads of government
Riksbank’s Seim: helping foreign central banks has ‘major’ impact
Deputy governor says institution is working with its Palestinian and Ukrainian counterparts
Zambia cuts rates by 75bp to 13.5%
Inflation expected to fall to within target range by next quarter, central bank governor says
BNM selects firms for tokenisation and stablecoin pilots
Malaysian institutions to test wholesale payments and tokenised asset settlement
Some central banks expect CBDC to boost seigniorage
Result depends on design features of digital currency, with many central banks unsure of the outcome
Iraq’s KRG launches payment system for government bills
Central bank-approved platform forms part of digitisation efforts in autonomous Kurdistan Region
Study calls for twin-pronged macro-pru approach to shocks
Higher capital and CCyB are both needed to mitigate threats to stability, say Bank of Italy authors
Brazil’s Pix gaining prominence in B2B transactions – report
Small businesses increasingly using platform for procurement, study from fintech company finds
Price change frequency upped inflation post-Covid – study
Size of individual changes had same effect on overall prices as during normal times, ECB paper finds
Payment innovation is top fintech research priority
Recruitment and retention of talents is biggest tech challenge, but constraints vary somewhat by teams
Brunei to focus on Islamic and sustainable finance
Central bank says it has no plans to introduce a CBDC or stablecoin regulations
Models need rethink due to effect of global shocks – paper
Central banks can no longer assume shocks are ‘temporary, linear and symmetric’, authors say
Banque de France governor unexpectedly steps down early
Villeroy de Galhau to take on new role at non-profit foundation
China goes long gold, short Treasuries
Bullion-buying spree continues, but banks told to limit purchases of US government debt
Dollar will remain core to global finance – Saudi governor
US currency maintains strong liquidity and robust legal framework despite “hiccups”, says Sayari
Central banks facing fintech hiring challenges tend to have bigger teams
Private sector opportunity is most widely reported issue for fintech staffing
China says tokenisation illegal under existing framework
PBoC and agencies update 2021 crypto guidelines to place restrictions on real world assets
Nexus picks operators to build and run ‘network of networks’
CEO expects global scalability following launch of multi-country fast payments linkage
Ken Rogoff on the dollar’s role in a fractured world
The former IMF chief economist speaks about Trump, central bank independence and the $20 trillion underground economy
RBI keeps policy steady
Policy committee takes positive view of inflation and growth outlook, despite some external headwinds
World will choose dollar stablecoins over CBDCs – Bessent
Treasury secretary expects private sector option to be “important source of funding” for US government
Cook links stubbornly high US goods prices to Trump’s tariffs
Fed governor, still fighting attempted dismissal, laments stalling of progress on tackling inflation
Czech National Bank holds rates
Sub-2% inflation does not warrant policy loosening, central bank says
This is not quite Japan’s ‘Truss moment’ – ex-BoJ board member
Experts add that central bank is unlikely to have to intervene directly in sovereign bond market
Tech issue caused RBA systems outage, says Bullock
Australian governor apologises and says payments failures were ‘not acceptable’
Working group minutes: strategic planning structures
Central banks are adapting their strategic planning functions and adopting digital tools
