News
South Korea’s central bank holds rates steady again
Governor says board agreed restrictive policy should continue for a considerable time
RBA to have fewer but longer monetary policy meetings
Central bank moves to overhaul governance after major review
BoE stress tests find banks resilient to interest rate risk
Credit impairments drive majority of losses, but all banks pass test
Carney to co-chair World Bank investment panel
“Investment Lab” tasked with overcoming barriers to investment, including in climate finance
BIS attacks crypto in report to G20 officials
But report promotes DLT for use in cross-border wholesale CBDC
Larger banks need higher capital requirements, says Fed’s Barr
Changes could take years, vice-chair says, and “we need to worry, a lot, about non-bank risks”
PBoC extends relief measures for struggling developers
Developers are allowed loan repayment extensions by another full year
Papua New Guinea’s Genia rejects calls for devaluation
IMF says kina is heavily overvalued
IMF repeats warning on Marshall Islands’ fintech plans
Fund proposes Pacific island state could set up a ‘monetary authority’
Lebanese deputy governors ‘threaten to quit’, report says
Prime minister says he will not appoint successor to Salameh as French court backs asset seizure
BIS reports gaps in CBDC cyber security modelling
Over 90% of central banks now working on a CBDC project, survey finds
Weak krona increases inflation risk – Riksbank minutes
Board members agree inflation remains too high and policy needs to be tighter
Chinese regulators impose fines on Ant Group and Tenpay
Regulators’ priorities have now shifted to “normalised supervision” of platform companies
Some Fed officials wanted to raise rates in June, minutes show
‘Almost all’ FOMC participants expect to increase the target interest rate this year
Uruguay cuts 50bp as inflation falls
Headline and core readings are lowest for several years, as officials predict slight GDP decline
Mexican MPC members determined to hold rates
All five governing board members agree it is necessary to avoid rate cuts to tame inflation
Is corporate pricing causing ‘greedflation’?
Firms in US and Europe are driving inflation higher by imposing above-cost mark-ups, researchers say
Malaysia’s central bank holds policy rate
Decision comes after headline inflation fell to one-year low but core inflation remains higher
ECB supports European Commission’s banking plan
Central bank calls for eurozone-wide guarantee scheme and more funds for resolution
Basel Committee overhauls supervision guidance
Key updates cover supervision of risks related to interest rate, operations and climate
Brazilian president’s nominees confirmed for central bank board
Observers speculate Galípolo may be next governor, while Santos is first Black board member
Philippines central bank examines impact of temperature shocks
BSP is also working with World Bank to stress test local banks’ exposures to transition risk
US banks question stress-test discrepancies
Bank of America and Citigroup open talks with Fed about differing results
Cracks open in ECB’s governing council
Italian governor warns against excessive tightening as Bundesbank president insists rates must be higher