News
PBoC to provide 300 billion yuan to SMEs
State Council calls on central bank to step in as Delta variant shows signs of denting growth
Mozambique president reappoints governor
Former IMF official Zandamela has faced inflation, Covid-19 and fallout from alleged fraud
Payments Canada launches new wholesale payments system
Bank of Canada governor says new system is important to keep system secure and efficient
Norwegian government may split SWF from Norges Bank
Committee will assess future governance of world’s largest sovereign wealth fund
Colombian president’s central bank appointment draws strong criticism
Opposition politicians allege ex-finance minister’s place on board endangers independence
Brazil delays integrating payments into ‘open banking’ project
Phase three of project delayed to October after technical difficulties emerge
People: Riksbank deputy’s term extended until 2027
Bank of Ghana gets new non-executive board members; RBI appoints new executive director; and more
Zambia holds rates despite double-digit inflation
Governor says inflation will decelerate faster than expected despite being three times target rate
Central banks can improve reserves handling – World Bank
Direct board involvement, trading office setups and finance ministries all matter, report finds
People: New York names state financial services regulator
New president at development bank; supervisors promoted at regional Feds; and more
BIS to work on cross-border CBDC test with four central banks
Australia, Singapore, South Africa and Malaysia will help create shared DLT platforms
Bank of England names new chief economist
Huw Pill is former ECB official and chief European economist for Goldman Sachs
Chilean central bank steps up policy tightening
Board unanimously decides to increase interest rates by 75 basis points to 1.5%
Canada records surprise GDP decline
Second-quarter figures show 0.3% contraction, which may affect taper and monetary policy
US regulators warn Wells Fargo of new penalties, report claims
Bloomberg says OCC and CFPB believe US bank is moving too slowly on compensating scam victims
Olsen to step down from Norges Bank
Norwegian governor will leave one year before end of second term
Bolivian ex-governor warns pension law poses bank risk
Current governor has stayed silent on risks posed by measure, former governor Morales says
Indonesian central bank to buy $30 billion debt from government
Central bank will receive below-market yield for most purchases in two-year programme
South Korea raises policy rate
Governor cites rising household debts and house prices as reasons to tighten policy
Powell says taper test has been met ‘with regard to inflation’
Fed chair tells Jackson Hole conference that slowing QE this year “could be appropriate”
ECB council divided on forward guidance, minutes show
Some senior officials argued new formulation risks inflation overshooting
Brazil’s supreme court upholds central bank autonomy law
Opposition parties had challenged constitutionality on procedural grounds
Bank of Ghana wins legal case against ‘corrupt’ firm
Central bank says it uncovered bribery and a corrupt tender process during investigation
Dutch households to keep most pandemic savings
DNB still expects strong recovery in household consumption if social distancing measures are lifted