News
PBoC suffers headaches from growth, energy and Evergrande
Yi Gang mulls property sector risks, as China’s growth hits one-year low
Fed’s Bullard believes a ‘five-year window’ for AIT is ‘realistic’
St Louis Fed president says “big tent language” was a reason overshoot details were not specified; “precise numerical implementations” can “get you into trouble”
Permanent or transitory? Officials wrestle with inflation uncertainty
Bailey warns of possible damage to credibility, but Carstens urges caution amid high uncertainty
People: FCA chair steps down; Esma chair steps up
UK FCA chairman to depart; Verena Ross to chair Esma; new boards for Ecuador’s central bank
Turkish president names new central bank officials
Move follows Erdoğan’s dismissal of two deputy governors and one MPC member
DNB calls on government to calm Dutch housing market
Tax reforms and greater supply needed to deal with “too much money and too few houses” – Knot
Mexican inflation rising rapidly, warns deputy governor
Heath says prices increasing at “really phenomenal” rate but expects full pandemic recovery by 2023
MAS allows Singapore dollar to appreciate in tightening move
Policy-makers raise slope of the S$NEER policy band, citing rising inflation
Turkish president fires deputy governors
Move appears to be Erdoğan’s latest bid to impose low interest rates despite rising inflation
Brazil central bank spends $1bn to support real
Local currency has declined more than 10% against the dollar since June
Chilean MPC speeds up tightening, citing higher inflation risks
Central bank board surprises markets, increasing interest rates by 125 basis points to 2.75%
Time to ‘future-proof’ central banks – Sibos panel
Central bankers prepare for CBDC issuance as stablecoin threat eases
Philippines sets ‘P2M’ QR payments in motion
New function could help BSP hit 50% digital retail payment target, says governor
Quarles term as Fed vice-chair ends without replacement
Fed supervision committee will continue without a chair, acting on consensus basis
Slovak governor charged with bribery
Peter Kazimir denies wrongdoing, as president says he should consider resigning
ECB calls for changes to draft Austrian central bank law
Mechanism for paying productivity council’s head would be monetary financing, ECB says
MAS consults on ‘Cosmic’ risk info-sharing platform
Digital platform for AML/CFT information sharing could be launched as soon as 2023
FCA staff seek union help following pay cut proposals
Unite union considers seeking statutory approval to represent staff at the UK regulator
IMF: growth prospects dim as pandemic lingers
Fund revises down growth forecasts, warning of inflation, disruption and divergence
Covid-19, crypto and climate weigh on global economy – GFSR
Central banks face difficult “intertemporal trade-offs”; poorer nations unlikely to regain pre-Covid growth levels for “many, many years”, says IMF’s financial counsellor Tobias Adrian
Crypto asset transactions hit ‘macro critical levels’ – IMF GFSR
Crypto valuations “already systemic” in “many countries”, international rules "probably some time away", says IMF’s Adrian
Georgieva keeps job as Yellen promises further scrutiny
Evidence did not “conclusively demonstrate” the IMF chief played an “improper role”
Summers: digital yuan unlikely to threaten US dollar
Traceability of Chinese CBDC amid “financial thunderbolts” from Beijing may limit appeal, says former top US economics policy-maker
IMF board fails to decide on Georgieva
US and Japan call for resignation but China and many European countries back IMF head