News
RBI proposes self-regulation for fintechs
Move comes as India hailed as one of sector’s “most significant operating countries”
Nigerian central bank says it has cleared some lenders’ FX liabilities
Move comes one week after CBN replaces management of three banks for alleged law-breaking
Risks persist in China’s economy despite growth, analysts say
Property sector woes, youth unemployment and falling population all cited as long-term challenges
Indonesia holds policy rate again
Central bank stays put for the third straight meeting after inflation stayed within target
Local preferences affect US bank lending to minorities – research
Ethnic minorities’ credit access is affected by stakeholders, NY Fed paper finds
BIS and partners will test digitising promissory notes
World Bank and SNB to work on project using distributed ledger technology
RBI deputy calls on government to tackle bankruptcy backlog
Courts are struggling to deal with caseload, putting progress on credit quality at risk, official says
Market ‘exuberance’ a problem for central banks – Gopinath
Easier financial conditions may be coming too early, IMF official says
Fed paper presents new way to measure consumer welfare
Consumer preferences change in line with incomes, researcher argues
Generative AI set to profoundly change workforce – IMF research
Paper recommends retraining for workers whose jobs are susceptible to erasure
Bank of Thailand rejects prime minister’s rate cut call
Assistant governor says cutting rates cannot provide a quick fix to economic problems
Philippine president removes Diokno as finance minister
Marcos gives former governor a place on central bank monetary board after rice subsidy clash
Borio and Zöllner to depart BIS in 2024
Hyun Song Shin and Luis Bengoechea will fill roles left by top economist and banker
PBoC holds key rate after third consecutive month of deflation
China’s central bank surprises analysts by restraining policy support amid weak economic data
Polish court blocks state from investigating governor
Prime minister has vowed to remove Glapiński from office, alleging unconstitutional behaviour
Singapore moves to expand MAS’s supervisory powers
Central bank would oversee currently unregulated activities and have greater investigative remit
Extreme temperature harms household finances, warns paper
Payday loan delinquency and defaults increase during extreme weather
UK plans to tap deposit insurance to support resolution
New mechanism would use deposit insurance to fund failed banks, bridge banks and regulators
Bank of Korea holds rates amid property market concerns
Governor Rhee Chang-yong warns cutting rates too soon could reignite inflation
Former PBoC deputy makes televised corruption confession
Fan Yifei admits to accepting benefits from businesspeople on state broadcaster
Sri Lanka considers move to single policy rate
CBSL plans overhaul of monetary operations and improved liquidity forecasting
Dallas Fed chief backs slower balance sheet runoff
Lorie Logan says liquidity is no longer “super abundant”
Former NY Fed chief calls for overhaul of discount window
Dudley’s proposed changes include prepositioning collateral, cutting costs of secondary credit facility
Alberto Musalem becomes St Louis Fed president
Musalem will start on April 2 and be a voting member of FOMC in 2025