News
Hungary holds rates after June ‘turning point’
Finance minister says central bank was operating in “cyclops mode”
HKMA launches new measures to support struggling SMEs
Authority expands banks’ access to company data and sets up taskforce to handle financing applications
India’s central bank to launch digital lending platform
New interface will enable frictionless credit, RBI governor claims
Triggers of August market ‘flare-up’ still in place, BIS warns
Leveraged positions remain at risk of sudden unwinding, as margin calls play amplifying role
Banknotes: July to September 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Bank of Albania denies having ‘printed money’ to finance HQ
Allegations over 2010 purchase of Tirana property resurface after leaked state audit
Libya’s eastern authorities shut oilfields over CBL governor row
Move follows second attempt to storm central bank in capital Tripoli
Jamaican finance minister set to become IMF deputy MD
Fund’s chief proposes Nigel Clarke for role, while general counsel announces retirement
PBoC stress-tests financial institutions’ bond holdings
Bank steps up efforts to tame market rally while keeping key medium-term rate unchanged
Fed chair says time has come to adjust policy
Powell warns of ‘unmistakable’ labour market cooling in speech at Jackson Hole summit
People: July to September 2024
A round-up of central bankers in the news and on the move during the past three months
‘Beveridge threshold’ can explain US soft landing – study
Gauti Eggertson tells Jackson Hole attendees why many economists were too gloomy about growth
Hungary’s central bank completes carbon capture programme
MNB expects 75% reduction in emissions by end of 2025
Bank of Israel governor calls on PM to make financial adjustments
Amir Yaron writes to Netanyahu after agencies downgrade country’s credit rating
RBNZ opens consultation on more standards for deposit-takers
Central bank proposes “non-core” requirements in addition to prerequisites for licensing
Bangladesh Bank to start raising rates
Governor says further tightening will be needed as he seeks additional funds from IMF
SNB launches instant payments system
Swiss central bank says system will enable “final settlement” within seconds, 24/7
Bank of Korea holds policy rate
MPC members open to cutting rates in next three months, despite concerns over rising home prices
Poland’s top court blocks inquiry into central bank governor
Glapiński accused of politically aligned monetary policy decisions
Public sector pay rises ‘will not drive UK inflation’
Former BoE deputy governor says wage agreements’ impact on private sector prices is likely to be limited
Bank Indonesia keeps rates unchanged
Central bank sees room for cuts in fourth quarter, governor says
Bank of Thailand holds rates at 2.5%
Change of government poses uncertainty over major cash handout plan
Bank of Jamaica delivers first rate cut in two years
Inflation should remain within target despite Hurricane Beryl, MPC says
Turkey keeps interest rates unchanged
Central bank says people’s inflation expectations are more pessimistic than its own