News
Cambodian governor’s daughter succeeds him
Chea Serey is the first woman to lead the National Bank of Cambodia
Argentina reaches provisional agreement with IMF
Fund may continue loan despite non-compliance and ease reserve targets
Chilean central bank starts easing cycle with 100bp rate cut
Board says inflation is falling faster than expected and signals further reductions
US bank lobbying spending increases sharply in Q2
ABA and ICBA increased their spending by 132.6% and 264% respectively between quarters
MAS to replace corporate cheques with deferred payment system
Singapore will move to new system by 2025 amid falling usage and rising processing costs
Myanmar to release new top-denomination banknote
Note will commemorate white elephant, as opposition accuses government of monetary financing
Turkish governor warns inflation is rising
Erkan says central bank will have to “take very careful steps” as president appoints new deputy governors
European banks pass stress test’s 2023 adverse scenario
Tested banks had higher CET1 levels after adverse scenario than in 2021, EBA says
Bernanke to lead BoE review of inflation forecasting
Former Federal Reserve chair will work with Bank of England officials
Banque de France says printworks are going ahead
Staff end strike as central bank agrees to appoint ergonomist to help in design of new plant
Algeria is applying to join Brics bank, says president
Country joins Argentina and Honduras on list of applicants
BoJ loosens yield curve control, raises inflation forecasts
Ueda says Japanese central bank has been underestimating inflationary pressures
ECB raises rates again but Lagarde says pause is possible
Eurozone banks to receive zero interest on minimum reserves
Costa Rica cuts rates again as inflation turns negative
Strong currency and base effects contribute to unusual readings, central bank board says
Bank of Korea to boost emergency liquidity over bank run fears
Central bank will lower rate and accept more collateral amid scare over credit union’s deposits
Fed raises interest rates again after June pause
Powell says FOMC may increase rates again as it faces risks of both inflation and downturn
Bank Indonesia holds again as inflation falls to target level
Governor says central bank is focused on keeping the rupiah stable
Ghana raises rates as inflation rises again
Central bank says reserves are higher and monetary financing has ended as IMF deal requires
PNG government orders central bank to release FX
Papua New Guinea police use pandemic law after dispute causes fuel shortages
ECB approaching end of tightening cycle, analysts say
Divisions on governing council are creating communications challenge
Pan Gongsheng named as PBoC governor
Veteran banking regulator replaces Yi Gang as Chinese economy faces growing challenges
Digital yuan transactions growing rapidly, PBoC says
But Yi Gang notes prototype CBDC currently takes up a very small share of cash in circulation
Russia’s Mir cards now working in Venezuela
Russian payment cards advance in Latin America, but get sanctioned by Canada
Government and opposition both reject Bank of Uganda rumours
Governor’s position remains unfilled 19 months after previous incumbent died