News
IMF opens long-term lending initiative
Resilience and Sustainability Trust will offer 20-year packages to mitigate long-term problems
BoE’s Pill says government must ‘respect’ independence
Government and central bank have clashed over causes of UK’s gilt market turmoil
New Zealand central bank suggests change to mandate
RBNZ says mandate could prioritise price stability and drop housing requirement
Currency round-up
New notes for Paraguay, printing error for Thailand, and news from Peru, Costa Rica and Tonga
Fiscal co-ordination threatens independence, SNB president says
Central banks must not let Covid-19 era policies continue, Thomas Jordan warns
Bank of Korea raises rate to highest level in 10 years
Governor Rhee Changyong says board members are divided on the size of next hike
Georgieva says Argentina needs permanent fix to FX problems
IMF releases latest $3.8bn financing tranche, as market inflation forecasts reach 100%
BoE sticks to bond-buying deadline amid strains on UK non-banks
Bailey restates cut-off date for asset purchases despite spike in margin calls and redemptions
Global risks at worst in four decades, says IMF
Financial stability report paints a picture of growing vulnerabilities
Polish governor says dissenting MPC members may have broken law
Glapiński and four colleagues could notify prosecutors over critical comments by fellow rate-setters
IMF publishes sober outlook for 2023
“Worst is yet to come”, says chief economist
BoE widens asset purchases as ‘dysfunction’ threatens again
Surge in gilt yields comes in final week of BoE’s “temporary” intervention
IMF loans $1.3 billion to Ukraine under ‘food shock window’
Foreign donors should increase funding, IMF says, after officials warn of potential instability
BoE prepares more market support as cliff edge looms
Central bank creates temporary repo facility with wider range of eligible collateral
IMF approves $3.8 billion for Argentina
Country has met most key targets, but 2022 inflation now projected to top 100%
Vietnam’s central bank reassures depositors amid bank run
Arrest of a prominent businesswoman triggers a run on a major Vietnamese bank
Bernanke, Diamond and Dybvig win Nobel Prize
Economics prize goes to authors of widely cited work on financial crises
BoE launches teaching resources for secondary school students
Few UK students study economics before age of 16 and schools are not required to teach finance
Four more African central banks raise rates
Ghana raises policy rate to highest level since 2017, plus hikes in Uganda, Sierra Leone and Tunisia
Eurozone governments must tackle energy crisis, says ECB
Philip Lane backed 75bp raise against opposition from some dovish members in most recent meeting
Peru and Uruguay carry out more rate rises
Peruvian policy now “clearly restrictive”, analyst says, while Uruguay warns of risks to growth
Belarusian president bans price increases
“God forbid someone decides to raise prices,” says Lukashenko
Default risks for Australian homeowners rising, RBA says
Some borrowers could see negative disposable income, but risk is not yet systemic
Open-ended mutual funds may destabilise markets, says IMF paper
Funds with daily redemption create “major potential vulnerability”, researchers say