News
China slides back into deflation
Falling pork prices are a major drag on consumer prices
IMF’s Adrian says world needs $5 trillion annual climate funding by 2030
Multilateral banks working to ‘crowd in’ private finance to meet need
CFPB proposes supervising large non-bank payment firms
Regulator says this is a part of a larger programme to monitor big tech
CCPs’ stress-test results have improved, BoE says
UK institutions can absorb default losses and maintain liquidity better than in 2021–22, regulator says
IMF proposes 50% increase in quotas but no voting reform
Proposal likely to be acceptable to US but would not boost emerging markets’ representation
Geopolitical risks threaten financial stability – Norges Bank
Norwegian central bank says banks are well-capitalised but notes real estate problems
Chinese vice-premier He Lifeng appointed to key financial roles
Veteran party official to lead new bodies overseeing China’s economic policy
Covid-era fiscal policy helped fuel inflation, researchers say
Robert Barro and Francesco Bianchi say their evidence supports fiscal theory of the price level
DRC says central bank needs recapitalisation
Government says BCC has no real equity as war and elections add to economic crisis
RBA resumes rate hikes to curb sticky inflation
Australian government confirms it will make significant changes to central bank’s governance
All Cuban businesses must offer electronic payments, says ministry
New rule is part of government’s response to ‘critical’ shortage of cash
BoE wants stablecoins fully backed with central bank deposits
Systemic stablecoins would have to back issuance with unremunerated deposits
Mexico implements emergency cash plan after hurricane
Banxico authorises banks to suspend minimum payments on credit cards
BoJ’s Ueda sees hope of achieving inflation target
Japanese firms are more willing to raise wages and prices but uncertainties remain, governor says
MAS imposes further penalties on Singapore’s biggest lender
Central bank penalises DBS after country’s largest bank experienced repeated service outages
Norway and Czech Republic hold rates
Norges Bank 'likely' to make small increase in December
Schnabel warns next disinflation phase will be harder
Base effects, core inflation and supply-side risks threaten the outlook, she says
SNB to launch live wCBDC pilot in December
ECB’s wholesale digital euro exploratory work will start in 2024
BoE’s Hauser makes case against ultra-lean balance sheets
Even with central bank backstops, markets are not reliable liquidity managers, official says
US fiscal stimulus decreases output in rest of world – research
A helicopter drop policy could be the most effective co-ordinated effort
Regulators around the world join Singapore’s tokenisation project
Singapore, UK, Japan and Switzerland will collaborate on decentralised finance infrastructure
ECB raises concerns over Italian macro-pru committee
Decree should give a casting vote to governor and remove members’ vetoes, ECB says
Brazilian central bank cuts rate by 50bp again
Third consecutive 50bp rate cut enjoys unanimous support
Bank of England holds rates in second split decision
UK faces two years of above-target inflation and near-zero growth, forecasts the BoE