News
Israel’s financial risks back to pre-Covid levels – central bank
Banks are well capitalised and housing-related risks are low, report says
Philippines central bank keeps key rate at record low
Central bank pledges loose policy “for as long as necessary” as Covid-19 cases increase
Bank of Ghana to pilot CBDC using G+D technology
Central bank says prototype would operate without bank account, contract or smartphone
Julio Velarde set to accept new term as Peruvian governor
New left-wing president said in June he intended to re-appoint long-serving governor
RBNZ welcomes reformed governance framework
Overhaul of the central bank law paves way for new decision-making body
Link between US labour costs and inflation has weakened – ECB paper
US can sustain robust labour markets without risking inflation outbreak, researchers say
New Bafin president takes up role
Ex-Finma head pledges to make heavily criticised German financial regulator “world class”
Jamaica ‘mints’ first units of digital currency
Central bank kicks off pilot exercise with limited issuance of currency to banks and payments firms
PBoC plays down surge in factory-gate prices
PPI and CPI in July both higher than expected, but central bank says pressure is “controllable”
Russian central bank may sell nationalised lender to ‘strategic investor’
Bank of Russia says it could bring sale of Otkritie forward if right buyer can be found
People: Georgia names new vice-governor
IMF appoints director of HR; Kuwaiti emir makes delayed board appointments; Indonesia shuffles regional reps
Bank Indonesia bolsters FX settlement with Japan and Malaysia
BI continues to promote local currencies in a bid to “reduce dependence on the US dollar”
Police search Paraguay central bank
“Fifa-gate” investigations into embezzlement lead special AML unit to execute warrant
RBI promises policy support ‘as long as necessary’ despite inflation surge
Inflation breaches tolerance band but governor says economy now “in a much better position”
The distant cry of hawks? Fed begins tightening talk
Richard Clarida gives a date for hiking interest rates, as debate on taper timing continues
Brazil accelerates tightening cycle with 100bp rate hike
Central bank takes key policy rate to 5.25%, as inflation increased by 8.4% in June
Iran’s Hemmati warns against monetary financing
Former governor mounts criticism of departing President Rouhani
BoE on hold as inflation looks set to soar to 4%
Committee hints at need for “modest tightening” soon, but says asset purchase programme will not unwind until interest rates reach 0.5%
Armenia and Georgia raise policy rates
Caucasus states follow Russia in anti-inflationary moves
Spain’s interior vulnerable to loss of cash access – Bank of Spain
Rural areas have older populations and rely more on cash, but banks are closing branches
MAS grants first crypto exchange licence
Central banks taking divergent approaches to scrutiny of crypto firms
Fed reverse repo demand tops $1 trillion
New York Fed facility sets latest in series of record volumes
RBNZ to tighten loan limits as house prices continue to rise
Tougher loan-to-value limits could be followed by rate floors or debt service limits
Moldova raises interest rates 100bp
Central bank cites “persistent” inflationary pressures, though rate is below target