News
PBoC adviser calls for more expansionary economic policies
Monetary policy committee member advocates stronger measures to alter market expectations
Czech National Bank cuts rates to 4.5%
Reduction of 25bp comes after headline inflation falls to 2% target
RBNZ explores new ways to monitor financial stability
Researchers model based on news sentiment and NPLs in latest research
Bank of England cuts rates for first time since 2020
MPC votes for 25bp reduction in split decision after Fed opts to hold
LatAm rates round-up: Brazil and Chile hold while Colombia cuts
Central banks maintain cautious stance as disinflation slows across region
Fed holds rates again
Powell says FOMC’s “broad sense” is that US economy is moving to point where cuts would be justified
Policy-makers report progress in CBDC exploration
Central banks generally see promise in digital currencies, though one is halting research
National Bank of Georgia holds rates
Move comes as inflation remains well below 3% target
BoJ raises policy rate, outlines plan to reduce bond purchases
Governor says bank will raise rates again if economy and prices move in line with projections
Asia’s central bankers bullish over cross-border payments
Policy-makers at Asia Summit also spoke of gradual pick-up in use of local currencies
Armenia cuts rates by 25bp
Decision comes as inflation remains well below 4% target
Innovate to defend status of central bank money, says BoE
Bank “exploring options” to widen access to settlement
Ethiopia secures $3.4bn IMF package after floating currency
Funding likely to catalyse additional external support, institution says
Malaysia is latest country to seek Brics membership
However, uncertainty remains over whether Saudi Arabia will join emerging economies bloc
Uruguay appoints new central bank president
Vice-president promoted as outgoing chief resigns
Falling r* a ‘mirage’ in open economies – IMF paper
Adding exchange rate to standard model significantly changes predictions, authors find
Ethiopia adopts market-based FX regime
Move follows monetary policy reform aimed at attracting IMF funding
Pakistan cuts rates by 100 basis points
Decision comes after country secures IMF funding amid falling oil prices
ECB sees ‘areas for improvement’ following cyber stress test
Experiment focuses on response and recovery from database losses on 109 banks
Central banks of Japan and Thailand renew swap agreement
$3 billion bilateral arrangement aimed at supporting financial stability and trade
Financial Stability Benchmarks 2024 Charts
Take a deep dive into the Financial Stability Benchmarks charts, which have just been released for 2024.
Innovate to tackle challenges, says BoT deputy governor
Mallikamas outlines ways to deal with economic and geopolitical uncertainties
Singapore leaves monetary policy unchanged
Decision comes despite moderation in domestic inflation
Bank of Russia hikes interest rates by 200bp
Labour shortage continues to grow under war economy