News
Schnabel warns next disinflation phase will be harder
Base effects, core inflation and supply-side risks threaten the outlook, she says
SNB to launch live wCBDC pilot in December
ECB’s wholesale digital euro exploratory work will start in 2024
BoE’s Hauser makes case against ultra-lean balance sheets
Even with central bank backstops, markets are not reliable liquidity managers, official says
US fiscal stimulus decreases output in rest of world – research
A helicopter drop policy could be the most effective co-ordinated effort
Regulators around the world join Singapore’s tokenisation project
Singapore, UK, Japan and Switzerland will collaborate on decentralised finance infrastructure
ECB raises concerns over Italian macro-pru committee
Decree should give a casting vote to governor and remove members’ vetoes, ECB says
Brazilian central bank cuts rate by 50bp again
Third consecutive 50bp rate cut enjoys unanimous support
Bank of England holds rates in second split decision
UK faces two years of above-target inflation and near-zero growth, forecasts the BoE
Malaysian central bank holds rate
Inflation in Malaysia has slowed but the ringgit is under pressure
AI could trigger explosive growth – and crush labour’s share
Past research may underestimate AI’s ‘transformative’ potential, economists say
Fed holds rates steady again
Powell said the question the committee is asking is should it hike rates more
Cipollone joins ECB board
Italian economist succeeds Panetta, who takes over the Bank of Italy
People: New governor in Sierra Leone
Brazilian president nominates two new central bank directors; new head of statistics at ECB; and more
China vows long-term strategy to resolve local debt risks
Officials stress need to strengthen Communist party control over China’s financial sector
Fiscal policy may complicate fight against inflation, says Macklem
Bank of Canada governor warns projected spending may ‘not be helpful’ for monetary policy
Ex-governor backs candidate who wants to abolish BCRA
Guido Sandleris says ‘continuity of Kirchnerism’ would be worse for Argentina
Bénédicte Nolens on the latest mBridge developments
The head of the Bank for International Settlements’ Hong Kong Centre speaks about cross-border CBDC governance, ongoing FX challenges and evolving technology
BoJ scraps rigid bond yield cap
Central bank further loosens YCC, ends daily bond buys and raises inflation forecasts
Zimbabwe cuts policy rate to 130%
Reserve Bank reduces rate by 2,000bp as inflation eases, according to official figures
Former executives of troubled lender wanted by Vietnam police
Central bank is looking for investors to acquire failed Saigon Commercial Bank
US sanctions Russia-linked investment bank in Hungary
Orbán government withdraws from lender called “spy bank” by opponent
Russia raises rates, Ukraine lowers them
High domestic demand pushes up prices in both countries
China sets up renminbi clearing bank in Laos
New currency clearing arrangement is China’s fifth in South-east Asia
Chile continues lowering rates, despite weakening peso
Central bank also halts reserves accumulation, citing market turmoil