News
Politicians must be able to overrule RBA, say ex-governors
Ian Macfarlane and Bernie Fraser argue government should retain veto over Australian monetary policy
ECB suffers first loss in two decades as rate risk bites
Loss takes €7 billion chunk out of central bank’s equity
BoE’s Dhingra says restrictive policy risks ‘scarring’ economy
MPC member warns that focusing on pay and services inflation could lead to “overtightening”
South Korean and Indonesian central banks hold rates
BoK says policy will remain restrictive for now, while BI highlights need to keep inflation stable
Turkey’s digital lira to use ‘programmable payments’
Intermediaries will offer related services, though these may differ across providers
Global house prices close to bottoming out, BIS stats show
Economists puzzle over absence of sharper correction
Thai PM calls for emergency central bank meeting to cut rates
BoT governor appears unswayed by call for monetary policy committee to meet ahead of schedule
US CBDC ‘could enhance dollar’s international role’
Fed research claims issuing digital currency could increase demand for dollars more generally
Bailey hints at possible outcome of Bernanke review
Bank of England may present range of scenarios around central forecast
China makes record cut to mortgage reference rate
PBoC unveils 25bp reduction in five-year LPR in further bid to revive flagging property sector
Nigerian president nominates seven MPC members
Central bank tightens currency restrictions as inflation continues to rise and dollar shortages continue
RBI extends deadline for Paytm to close lender
Central bank continues to target fintech for “persistent non-compliance”
PBoC holds key rate
China’s central bank refrains from further stimulus amid weak yuan
EU considering shift to T+1 or T+0 – Cipollone
ECB board member says markets are on brink of “significant shift” in digital settlement
India and Nepal to set up cross-border payments link
Project adds to growing list of similar bilateral initiatives in Asia
‘Brace, brace’: quants say soft landing is unlikely
Investors should prepare for sticky inflation and volatile asset prices as central banks grapple with turning rates cycle
Nigerian authorities accuse ex-governor of $6m theft
Emefiele has denied all charges but prosecutors say cheque to president was forged
US sanctions firms for smuggling tech to Iran’s central bank
Central bank subsidiary that developed Iran’s digital currency platform among those targeted
Philippine central bank holds rates
BSP warns against upside risks, despite receding inflation
Belgian governor calls for rethink of EU climate policy
Transition to lower-carbon economy will create losers as well as winners, Wunsch says
Philippine central bank may issue wholesale CBDC in two years
However, governor rules out using blockchain-based technology for digital peso
EU isolates frozen Russian central bank interest
European leaders are divided over using Bank of Russia assets to fund Ukraine’s defence
Fintech Benchmarks 2024 Charts
Take a deep dive into the Fintech Benchmarks charts, which have just been released for 2024.
Eurozone rate cut is ‘fast approaching’, says Panetta
Bank of Italy governor warns that delaying looser policy could lead to financial instability