News
Sarb pauses rate rises in split decision
MPC votes 3–2 to hold rates at 8.25% after inflation falls within target range
US Treasury bolsters ties with Vietnam’s central bank
Treasury secretary Janet Yellen says US will promote “friendshoring” with Vietnam
US instant payment system FedNow goes live
Mester says service could handle P2P, cross-border, and interoperable payments
Nagel calls on German government to tighten fiscal stance
Public spending needs to fall to lower inflation, says Bundesbank president
PNG central bank dispute leads to fuel rationing
Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings
Brazilian central bank denies censoring board members
Dispute highlights possible political divisions as president Lula appoints officials
Fed fines Deutsche Bank $186.4 million for AML violations
German lender failed to comply with earlier orders and was involved in Danske Bank scandal
PBoC steps up support for yuan
Chinese central bank eases limit on firms’ overseas borrowing and keeps key rates unchanged
ECB needs to maintain tight policy, says IMF
Policy rates, rather than quantitative tightening, should be main tool, IMF directors say
Bulgarian MPs re-elect Radev as governor
Governor had served two years past end of first term amid prolonged political crisis
Philippine president signs SWF law despite corruption fears
Economists concerned over use of central bank funds and possible governance problems
Panama supreme court rejects crypto law
Judges agree draft law has unconstitutional provisions and was improperly passed
IMF grants Burundi $271 million loan
Burundi must liberalise currency regime, end central bank financing and tighten policy
Banknote round-up: Belize may replace UK monarch’s image
Argentina releases new 1000 peso note while Chile reports shortage of smallest denomination
BoJ announces details of monetary policy review
Central bank plans to engage with experts, business leaders and public over policy framework
Kosovo’s parliament votes for new governor
Move will end political deadlock if president approves, after IMF calls for central bank reform
Somali president reappoints governor
Abdirahman Abdullahi has overseen central bank’s introduction of first national payments system
UK committee claims China may have ‘engineered’ AIIB job
Legislators say China gave jobs to Alexander, Cameron and others to gain influence
FSB unveils crypto regulation framework
Recommendations were toughened to reflect failure of FTX and terraUSD/luna stablecoin
PBoC holds key rate amid lacklustre GDP growth
Chinese economy grew 6.3% in second quarter, missing expectations by a full percentage point
Hong Kong proposes raising deposit insurance
Proposed change will bring the ratio of depositors being covered to 92%, regulator says
Nigerian court orders release of former governor
Lawyers argue that Emefiele’s month-long detention is unlawful
IMF approves $3 billion short-term loan for Pakistan
Saudi Arabia and UAE provide $3 billion more as country tries to overcome crisis
Bullard steps down as St Louis Fed president
FOMC hawk will become dean of Purdue Business School after 15 years leading regional Fed