News
Bank of England holds rates as services inflation lingers
“We need to be sure that inflation will stay low,” governor Andrew Bailey says
Bank Indonesia holds policy rate despite rupiah weakness
Governor Perry Warjiyo vows further intervention to support the currency
Ethiopia approves CBDC law as it pursues bitcoin mining policies
Monetary policy and financial stability committees established as part of economic reforms
Russian central bank reacts to tighter US sanctions
Bank of Russia suspends some dollar trading as G7 countries consider moves against Chinese banks
PBoC overhauls monetary policy framework
Central bank aims for clearer policy rate, bigger role for bond trading and use of “structural” tools
Attention shifts to US, UK after European Union postpones FRTB
Global timeline still unclear, with banks hoping lawmakers will use delay to soften rules
Armenia receives support from IMF as inflation turns positive
Central bank carries out ninth consecutive cut but says inflationary pressures remain low
Iran to launch digital rial on Kish Island
Central bank aims to develop digital micropayments domestically
Expanded IMF mandate presents ‘serious’ challenges, review finds
Independent review finds staff have been overstretched by work on climate, gender and technology
RBA holds rates as inflation stays above target
Australian governor says rate-setters did not discuss a cut and forecasts rising real incomes
GenAI could amplify cyber risks – Banque de France official
Mass use of AI could amplify “herd behaviour” in financial markets, Denis Beau warns
BIS and BoE launch project to simplify FX transactions
Project Meridian FX seeks to link RTGS and DLT systems
Start small to secure resources for AI, central bankers say
Data-driven results could demonstrate GenAI’s usefulness, Summer Meetings hear
Central banks continue climate action despite political pressure
Reserve managers are expanding green investments, as some incorporate “double materiality”
BIS finds a third of jurisdictions not developing crypto regulations
Annual CBDC and crypto survey finds decline in expected retail CBDC launches by 2030
PBoC holds key rate for tenth consecutive month
May data shows continued property downturn and improvement in retail sales and industrial production
CBDC will not reduce seigniorage, panellists say
Communicating need for CBDC is hard, officials tell Central Banking Summer Meetings
Four central banks commit to responsible artisanal gold principles
Colombia, Ecuador, Mongolia and the Philippines commit to principles aimed at guiding domestic small-scale, gold-buying schemes
Central banks face challenges in diversifying reserves
Gold could gain in popularity despite carbon challenges as renminbi faces problems, panellists say
BoJ to reduce its government bond purchases
Central bank will announce bond-buying details at next meeting and keeps rates unchanged
Ransomware payments can be necessary, say panellists
Paying off hackers may be only way to safeguard financial stability, despite risks
US politicians urge Fed to lower interest rates
Democratic senators and congress members say CPI likely to be “grossly overstating” inflation
How the Czech National Bank brought inflation down from 18% to 2% in two years
Governor Aleš Michl on the road to 2% inflation and future profitability
Central Banking Awards 2024 ceremony honours best in field
Shirakawa receives lifetime award and Brazil is named central bank of the year