News
Natural rate is rising in US and eurozone, BIS study finds
Research adds to debate on metric but warns it is “blurry guidepost” for monetary policy
China sets 5% growth target
Economists question whether government can achieve GDP goal, given weakness in economy
Irish central bank says payments strategy needs drastic change
Deputy governor says sector is slow to change and backs draft “access to cash” law
BoE has ‘more to do’ after compliance breaches
UK audit office says more than 40% of staff still did not feel free to raise concerns in 2023
RBA seeks citizens’ ideas for redesigned A$5 note
Bank asks Australians to submit proposals for theme reflecting indigenous cultures
RBNZ to impose cyber reporting rules on financial institutions
From April 8, New Zealand’s banks will need to disclose major cyber incidents within 72 hours
PBoC pledges to improve visitors’ payment experience
China’s central bank tells firms to make mobile and card payments easier for foreign nationals
SNB head Thomas Jordan announces retirement
Board chair praises Swiss central banker for leadership in crises and record of change
Standardised FRTB leaves banks befuddled on residual risk
Benchmarking exercises find “weak consensus” among banks over notional values for exotics
Nigerian central bank hikes rates after long delay
Governor’s first MPC meeting announces 400bp rise as street protests over inflation grow
Clare Lombardelli appointed BoE deputy governor
OECD chief economist will take over UK central bank’s monetary policy portfolio
CMU should drive green and digital transitions, says BdF governor
Villeroy de Galhau calls for capital markets union to adopt “higher purpose”
Campaigners call on BoE to make collateral rules greener
Report says bank’s use of fossil fuel assets as collateral is adding to climate risks
Hong Kong eases homebuying curbs to support real estate market
HKMA relaxes mortgage rules and government removes cooling measures
Bank of Israel holds rate amid uncertainty over war
Governor notes falling inflation but says proposed military spending could fuel pressures
New Zealand central bank holds policy rate
RBNZ says inflation risks have become “more balanced”
Fed governor says rate cuts shouldn’t be rushed
Christopher Waller argues that US economy is strongly positioned
IMF builds new measure of central bank independence
First “entirely new” metric in 30 years seeks to overcome limitations of much-cited paper
Malaysian governor urges firms to support currency
Cambodian and Malaysian central banks will launch a new cross-border payments link
Legislation needed to break non-bank deadlock – BIS’s Borio
Panellists at BoE event highlight array of shortcomings with regulatory framework
Bundesbank and DNB announce large losses
Dutch central bank improves its profit forecast but Nagel anticipates continuing shortfalls
Philippine central bank launches sustainable finance taxonomy
BSP is Asia’s latest monetary authority to set out framework to help tackle climate crisis
RBA names Susan Woods as first chief operating officer
Independent review called for COO role to give senior officials more time for policy matters
Asian central banks co-ordinating CBDC work in ‘near real time’
RBI deputy governor says Seacen members tend to use public-key cryptography in their design