News
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
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