News
Milei will meet with IMF ahead of board decision on loan
Argentine opposition leader calls central bank “thieves” and repeats pledge to abolish it
Egyptian president gives acting governor one more year
Abdallah has continued programme of tighter monetary policy and devaluation
PBoC bolsters support for renminbi
Central bank pledges intervention to prevent excessive currency moves
Ecuadorean candidate promises to spend central bank reserves
Measure could imperil central bank independence
Cuba central bank official says cash shortage is ‘critical situation’
Banks struggle to meet demand as government tries to expand use of e-payments
Brazilian central bank outlines CBDC project
Drex is being developed on a distributed ledger platform with smart contracts
Kenya revives interest rate corridor
Controversial 2016 law capping rates undermined earlier attempt at corridor
Brics’ bank launches rand bond
New Development Bank offers $130.6 million debt issue ahead of Johannesburg summit
Some FOMC members sought pause in July, minutes show
Participants pointed to signs of loosening labour market and slowing consumption
Norway raises rates and signals further hike is likely
Norges Bank will increase rates in September if forecast is accurate, governor says
Central Bank of the Philippines holds policy rate
Governor pledges further increases if necessary as central bank raises inflation forecast
FDIC chair promises stricter rules for mid-sized banks
Gruenberg says regional banks will need better resolution plans and more long-term debt
RBNZ holds policy rate but revises up projection
Central bank expects rate to stay higher for longer and raises estimate of neutral rate
Financial Stability Benchmarks 2023 charts
Take a deep dive into the Financial Stability Benchmarks charts, which have just been released for 2023
Bank of Russia raises rates in emergency meeting
Board says domestic demand is boosting depreciation’s effects as Putin adviser criticises governor
Should the ECB worry about divergent inflation?
Economists say widening readings across eurozone show lingering effect of energy price shock
Argentine central bank intervenes after Milei win
BCRA hikes rate 2,100bp and devalues peso after central bank opponent leads primary elections
PBoC cuts key rates as economy stutters
China stops publishing youth jobless rate after record-high figure in June
Audit of Lebanese central bank reveals huge shortfalls
US, UK and Canada place personal sanctions on ex-governor Salameh
China’s new lending slumps to lowest since 2009
Analysts believe PBoC has limited room to cut interest rates amid current yuan weakness
BoE’s RTGS system goes down for nearly six hours
Database problem prevented high-value payment system from opening at usual time
Bank of Mexico holds rates
Board decides not to follow Chile and Brazil’s rate cuts despite falling inflation
US credit card debt passes $1 trillion for the first time
NY Fed says credit is stabilising at pre-pandemic levels despite historic figure
Too early to declare victory over inflation, says RBA’s Lowe
Outgoing governor warns sticky services inflation could shift Australians’ expectations