News
Obituary: Alan Greenspan, 1926–2026
The crisis-fighting ‘maestro’ admitted there had been a ‘flaw’ in his worldview after the events of 2008
ECB’s June hike ‘defensible’ but bank should be cautious – study
Uniform rate hikes are ‘bad, short-term oriented policy’, researcher says
Banking risk is spilling over into other sectors – panel
Supervisor says ‘we don’t know’ how to regulate networks that commercial banks rely on
BoE publishes ‘final’ stablecoin policy
Systemic sterling stablecoin holding limits swapped for £40bn issuance cap
Alan Greenspan dies at 100
Fed chair presided over lengthy period of growth, but his legacy came under fire following GFC
IMF’s Gourinchas argues ‘middle powers’ can heal global trade
Co-operation by mid-sized economies could bring hegemons to table, chief economist says
China holds LPRs for 13th consecutive month
Decision comes after governor says ‘slower, more efficient credit growth’ may be new normal
Bank of Russia cuts by less than expected
Governor cites pro-inflationary risks for decision to ease by 25bp rather than the anticipated 50bp
US and China advance rival digital asset policies
US bans retail CBDCs until 2030, while PBoC official calls for co-ordinated stablecoin regs
Right now, the dollar is too big to fail – panel
Officials say greenback likely to remain dominant for foreseeable future
We won’t copy UST clearing mandate wholesale in UK – BoE
Senior official also promises that any minimum repo haircuts will be calculated at portfolio level
Brazil cuts rates to 14.25% despite worsening inflation
Copom forecasts 5.2% price growth for 2026 and 3.7% by end of 2027
Switzerland and Norway hold, Czech Republic and Moldova hike
SNB says inflation uptick is temporary, while CNB and Norges Bank highlight wage pressures
BoE holds interest rates at 3.75%
Governor says he would respond ‘promptly’ to stronger second-round effects of Iran war
Central banks must not outsource critical thinking to AI – panel
As uses for the tools proliferate, central bankers weigh up how to use them safely and ethically
Philippines and Indonesia tighten by 25bp
BSP says inflation ‘strong’ as BI’s focus remains on rupiah
Foreign central banks can soon repo Chinese bonds, PBoC says
Experts say move is likely to increase monetary authorities’ demand for Chinese debt
Fed holds rates in first meeting under Kevin Warsh
FOMC drops easing bias and forward guidance, as chair announces taskforces to improve Fed operations
Trust must remain bedrock of monetary system – panel
Speakers emphasised need for regulatory alignment and common standards as payments evolve
Chile holds rates for fourth time in a row
Policy-makers say balance of risks to inflation is shifting towards equilibrium
Uganda announces next step towards ‘cashless’ society
Central bank says limits on withdrawals are part of strategy to fully ‘digitise’ payments system
DRC’s FX upgrade part of efforts to boost currency – governor
Wameso says central bank is pursuing modernisation agenda to strengthen the financial system
Central banks must adapt to new technologies – panel
Speakers also discussed disaster planning and cloud sovereignty
Central banks face hydra-headed cyber threats – panel
Geopolitics and concentration risk mean attacks could threaten financial stability as well as operations