News
Bank of England may cut rates soon – deputy governor
Pressures have faded but economy is facing second-round effects, Broadbent said
Bank of Spain imposes capital buffers on Portugal-exposed lenders
Move follows Bank of Portugal’s November decision over possible risks in housing market
G7 may use Russian asset profits to fund Ukraine
US asks European governments to agree money should back $50 billion loan
Eurosystem completes first DLT experiment
Austrian central bank settled “mock transaction” on distributed ledger technology
Bank of England to increase staff in regional office
Seven-fold expansion of Leeds employees will widen talent pool and improve trust, BoE says
World Bank to issue first international CHF digital bond
Bond to be settled by Swiss franc wholesale CBDC
Data ‘does not warrant’ July cut by ECB, Schnabel says
Eurozone inflation risks remain tilted to the upside, ECB board member warns
Fed green lights more capital relief trades
Five US banks authorised to issue repeat credit-linked notes backed by financial guarantees
Bank of Korea reserves chief promoted to deputy governor
Kwon Min-soo has overseen substantial growth and diversification of the reserves portfolio
Basel Committee examines financial system in digital flux
Committee outlines fintech risks in first report since 2018
RBI calls for better compliance and risk management in NBFCs
Compliance should transcend box ticking and delve deeper, deputy governor says
Bernanke urges regular policy reviews at BoE
Former Fed chair recommends reviews of “policy implementation and framework”
Fed policy-makers express frustration over price rises
Officials draw differing conclusions on the outlook for the labour market
ECB warns against AI market concentration in financial services
Using the same AI providers may amplify risks and threaten financial stability
PMA launches instant payments amid Gaza cash shortage
Instant payments rolled out as most banks in Gaza have suffered “partial or total destruction”
IMF reaches staff-level agreement with Argentina on EFF
The fund could release a tranche of nearly $800m upon board approval
Geopolitical events create tougher financing conditions, ECB finds
Systemic crises are unlikely unless a significant shock occurs
Fed paper looks at US opioids crisis
Banks are causing credit contraction in worst-affected communities, researchers say
Riksbank’s Thedéen to be next Basel Committee chair
Current chair Hernández de Cos stepping down as Bank of Spain governor in June
Iran says it will start trading with Russia in rials soon
Central bank claims channel could support $1.5bn transactions but expert is sceptical
HKMA creates tokenisation advisory group
New group includes BIS Innovation Hub, regulators, academics, banks and tech firms
Nigerian president orders central bank to suspend levy
“Cyber security levy” would have charged 0.5% of most electronic transactions
People: RBI appoints senior officials
Liz Oakes to join Bank of England FPC; European Central Bank names head of information systems
Danish central bank asks citizens to vote on new banknote designs
Suggested figures for back of note include polar explorer and Hans Christian Andersen