News
RBNZ to support government housing objectives
New Zealand finance minister changes central bank’s monetary and financial policy remits
Rich countries must aid poor over Covid-19: Georgieva
IMF chief warns of future financial instability and calls for major aid flows to developing world
Fed’s ‘operational error’ disrupts key payment services
Fedwire, ACH and other transfer systems suspended for several hours, Fed says
Powell: US economy still ‘a long way’ from meeting Fed goals
Fed chair predicts continued need for low interest rates and QE, as recovery remains “uneven and far from complete”
Stablecoin issuer agrees to settle lawsuit over ‘deceptive’ trading practices
New York attorney general accuses Tether of lying about the backing of its crypto asset with US dollars
Sudanese central bank changes currency regime
Central bank cuts official exchange rate sharply after years of major over-valuation
BoE unveils plan to ‘transform’ data collection
Decade-long effort to overhaul data standards and methods of reporting
BIS and central banks partner to create CBDC ‘bridge’
Cross-border project will link up digital currencies of China, Hong Kong, Thailand and the UAE
Bank of Japan to start testing digital yen
BoJ embarks on year-long pilot programme to test functionality
People: Former Bank of Tanzania governor dies
Fed appoints chief innovation officer; World Bank names new head of International Finance Corporation; and more
Zimbabwe’s government replaces central bank MPC
Finance minister changes entire MPC as academic observer dismisses inflation target as “fantasy”
Carney takes job on Stripe board
Former BoE governor adds role at fintech firm to growing portfolio of positions
Ugandan governor given fifth term following national election
Uncertainty surrounds timing of Mutebile’s return to office, as deputy steps in at latest MPC meeting
IMF chief economist has ‘no concerns’ over inflation in US
Biden plan likely to cause 2.25% inflation, within Fed’s framework, Gopinath says
Saudi Arabia to launch instant payment system in days
New system will go live following successful pilot with Saudi banks – Sama
Norges Bank’s policy space ‘almost exhausted’ – governor
Norwegian governor warns public spending is increasingly dependent on sovereign wealth fund
Singaporean government names new SWF head
Chief of Temasek’s investment arm to take top role as Ho prepares to end nearly 18 years in charge
Brainard sets out Fed’s approach to climate risk
Fed board member sets out agenda similar to that of other major central banks
Bolivian central bank repays ‘unconstitutional’ IMF loan
Central bank says loan was illegal and threatens legal action against officials responsible
SNB should adopt higher inflation target, report says
Senior economists recommend the Swiss National Bank reviews its policy strategy
New Nicaragua law may isolate local banks
Law could require domestic banks to maintain accounts of people under sanctions
Bank Indonesia resumes monetary easing
Central bank commits to further government bond purchases on the primary market
Kenya strikes deal on $2.4 billion IMF package
“Multi-year effort” required to stabilise public finances and boost growth
People: IMF finance department director to retire
Third new board member at Colombia central bank; Nigeria appoints deposit insurance head; and more