News
Pakistan cuts rates by 100 basis points
Decision comes after country secures IMF funding amid falling oil prices
ECB sees ‘areas for improvement’ following cyber stress test
Experiment focuses on response and recovery from database losses on 109 banks
Central banks of Japan and Thailand renew swap agreement
$3 billion bilateral arrangement aimed at supporting financial stability and trade
Financial Stability Benchmarks 2024 Charts
Take a deep dive into the Financial Stability Benchmarks charts, which have just been released for 2024.
Innovate to tackle challenges, says BoT deputy governor
Mallikamas outlines ways to deal with economic and geopolitical uncertainties
Singapore leaves monetary policy unchanged
Decision comes despite moderation in domestic inflation
Bank of Russia hikes interest rates by 200bp
Labour shortage continues to grow under war economy
Eddie Yue reappointed as head of Hong Kong Monetary Authority
Chief executive says HKMA will promote stability amid “complex” economic and geopolitical environment
Head of Malta’s central bank resists calls to resign
Prime minister removes embattled governor from board of financial services authority
Uzbekistan reduces policy rate by 50bp
Central bank delivers first cut since May 2023
Banks begin tailoring offers to Gen Z’s needs – MNB report
First “fully digital” generation expects 24/7 digital payments solutions
Palestinian Monetary Authority launches instant payment system
Move aimed at providing alternative to traditional services damaged during conflict
PBoC unexpectedly cuts key interest rate
MLF rate’s 20bp reduction is largest decrease since 2020
BoE to open non-bank emergency facility in Q4
Central bank working “at pace” to deliver facility, as it publishes provisional design
Kazakhstan’s CBDC pilot enters second phase
Central bank to examine how digital tenge could be used to reduce corruption in public spending
Sri Lanka cuts interest rates by 25bp
Decision follows improved economic figures but stubbornly low inflation
Emerging markets at greater risk from stablecoins, FSB warns
Limited regulation, resourcing constraints and FX exposures create hazards for poorer countries
BSP launches fully automated intraday settlement facility
Central bank aims to ease gridlocks in fund transfers via its real-time gross settlement system
Nigeria raises rates as inflation continues to rise
Central bank plans to maintain tight policy as food prices prove particularly challenging
Hungary cuts rates by 25 basis points
Country edges closer to ending monetary easing campaign
Turkey holds key policy rate despite fall in inflation
Central bank says services and food inflation are sustaining broader price pressures
Long-term repo set for bigger role in BoE operations
Executive director Victoria Saporta outlines “major change in operating practice”
Bangladesh Bank website hacked by protestors
Other government websites also inaccessible amid crackdown on protests
Brazil delays launch of recurring instant payments function
BCB postpones Automatic Pix until June 2025