News
Eddie Yue reappointed as head of Hong Kong Monetary Authority
Chief executive says HKMA will promote stability amid “complex” economic and geopolitical environment
Head of Malta’s central bank resists calls to resign
Prime minister removes embattled governor from board of financial services authority
Uzbekistan reduces policy rate by 50bp
Central bank delivers first cut since May 2023
Banks begin tailoring offers to Gen Z’s needs – MNB report
First “fully digital” generation expects 24/7 digital payments solutions
Palestinian Monetary Authority launches instant payment system
Move aimed at providing alternative to traditional services damaged during conflict
PBoC unexpectedly cuts key interest rate
MLF rate’s 20bp reduction is largest decrease since 2020
BoE to open non-bank emergency facility in Q4
Central bank working “at pace” to deliver facility, as it publishes provisional design
Kazakhstan’s CBDC pilot enters second phase
Central bank to examine how digital tenge could be used to reduce corruption in public spending
Sri Lanka cuts interest rates by 25bp
Decision follows improved economic figures but stubbornly low inflation
Emerging markets at greater risk from stablecoins, FSB warns
Limited regulation, resourcing constraints and FX exposures create hazards for poorer countries
BSP launches fully automated intraday settlement facility
Central bank aims to ease gridlocks in fund transfers via its real-time gross settlement system
Nigeria raises rates as inflation continues to rise
Central bank plans to maintain tight policy as food prices prove particularly challenging
Hungary cuts rates by 25 basis points
Country edges closer to ending monetary easing campaign
Turkey holds key policy rate despite fall in inflation
Central bank says services and food inflation are sustaining broader price pressures
Long-term repo set for bigger role in BoE operations
Executive director Victoria Saporta outlines “major change in operating practice”
Bangladesh Bank website hacked by protestors
Other government websites also inaccessible amid crackdown on protests
Brazil delays launch of recurring instant payments function
BCB postpones Automatic Pix until June 2025
Norges Bank’s market operations fixed after global outage
Liquidity operations resumed on Friday following hourly calls with third-party service provider
More than half of US organisations ‘vulnerable to IT failure’
New research underlines cyber risks to central banks following CrowdStrike IT outage
PBoC cuts suite of key interest rates
Move follows weaker-than-expected Q2 growth and policy meeting by Communist party
MAS steps up support for AI and quantum computing capabilities
Central bank to provide extra S$100 million for financial institutions to explore new technologies
Egypt holds rates as inflation recedes
Central bank only forecasts significant decline in inflation next year
Global current account balance to narrow, IMF says
Weakening commodity prices have stripped energy-exporting countries of their surpluses
Spanish political parties fail to agree on new governor
Opposition refuses to accept government’s nomination of former ECB official Escrivá