News
Bank of Canada maps path to ‘fourth-generation’ models
Officials plan to create new workhorse model backed by variants focusing on key topics
CFTC sounds alarm on clearing capacity
US regulator warns porting cannot be guaranteed in the event of a large member default
Argentine government devalues peso and replaces governor
Finance minister announces austerity as IMF welcomes new president’s early moves
Bolivia reserves shortage worsens
Fuel runs short as ex-governor says government “does not want to recognise” crisis
CGFS draws lessons from 168 years of macro-pru policy
Controlling housing market risks can force authorities into difficult political economy terrain
BCRA requires prior approval for all FX requests
Virtual freeze on exchange as Pesce and other directors make way for Milei’s picks
RBA plans to review retail payments regulation
Governor Michele Bullock outlines plans to modernise Australia’s payments system
Higher rates will push up firms’ debt costs gradually, says research
Authors warn that financial vulnerability could stem from higher for longer rates
Brazil’s Pix reaches new record 163 million transactions in a day
Central bank launched instant payment system three years ago
Myanmar lets kyat float
Central bank also reduces requisition of foreign currency as war goes badly for junta
Obstfeld argues central banks’ rate models are ‘conceptually flawed’
Former IMF chief economist says rates could soon return to the effective lower bound
Zimbabwe announces name of next central bank governor
Mushayavanhu will take over next year, ending Mangudya’s decade as RBZ head
Palau to launch national stablecoin after ‘successful’ pilot
Digital currency will be pegged to US dollar and backed by finance ministry
Taiwan central bank completes feasibility study on wCBDC
Deputy governor says CBDCs could form “foundation of trust” for future monetary system
Israeli reserves increase by almost $7 billion in November
FX sales fall from $8.2 billion in October to $338 million last month
Basel Committee to consult on stablecoin capital requirements
Feedback also sought on interest rate risks and G-Sib “window dressing”
IMF: Argentina needs ‘a strong and credible central bank’
Central bank caps banks’ FX holdings ahead of Milei inauguration on December 10
Australian government and RBA agree dual mandate for central bank
RBA to begin publishing unattributed record of votes for its monetary policy decisions
BIS, World Bank and IMF to collaborate on tokenisation project
Digitisation of notes will facilitate transfer of development money to emerging economies
Milei confirms Santiago Bausili as BCRA pick
Appeals court recently dismissed conflict–of-interest charges against governor-designate
BoE and FCA set out plan to oversee ‘critical third parties’
Regulators fear growing reliance on outsourced services could threaten financial stability
Solomon Islands launches CBDC pilot with Soramitsu
Prime minister says launching a CBDC could promote financial inclusion in the island nation and reduce transaction costs
Bank of Canada holds rates steady
Macklem says it’s clear the stance of policy is restricting inflationary pressures
UK regulator proposes tougher rules for money market funds
BoE welcomes FCA move and warns of wider risk of “dysfunction” in core markets