News
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
US banks need higher capital levels, warns Kashkari
Banking stress may re-emerge if inflation is entrenched, Minneapolis Fed president says
ECB consults banks on data management and risk reporting
Most of eurozone's largest banks do not have adequate capabilities
‘Disgraced’ former Chinese regulator becomes PBoC adviser
Liu Shiyu was accused of violating party discipline and taking advantage of his official position in 2019
Russian legislators approve Islamic banking pilot
Two-year programme may attract foreign capital or appease restive minorities
Turkish central bank raises rates by less than expected
MPC increases rates by 250 basis points but analysts had expected much larger rise
Stronger US dollar hits emerging countries more, says IMF
Credible monetary policy frameworks are key to cushion external shocks, report argues
Russian central bank raises rates and warns of more to come
Nabiullina says inflationary pressures are rising and warns of effects of bigger fiscal deficit
Sarb pauses rate rises in split decision
MPC votes 3–2 to hold rates at 8.25% after inflation falls within target range
US Treasury bolsters ties with Vietnam’s central bank
Treasury secretary Janet Yellen says US will promote “friendshoring” with Vietnam
US instant payment system FedNow goes live
Mester says service could handle P2P, cross-border, and interoperable payments
Nagel calls on German government to tighten fiscal stance
Public spending needs to fall to lower inflation, says Bundesbank president
PNG central bank dispute leads to fuel rationing
Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings
Brazilian central bank denies censoring board members
Dispute highlights possible political divisions as president Lula appoints officials
Fed fines Deutsche Bank $186.4 million for AML violations
German lender failed to comply with earlier orders and was involved in Danske Bank scandal
PBoC steps up support for yuan
Chinese central bank eases limit on firms’ overseas borrowing and keeps key rates unchanged
ECB needs to maintain tight policy, says IMF
Policy rates, rather than quantitative tightening, should be main tool, IMF directors say
Bulgarian MPs re-elect Radev as governor
Governor had served two years past end of first term amid prolonged political crisis
Philippine president signs SWF law despite corruption fears
Economists concerned over use of central bank funds and possible governance problems