News
Kganyago calls for lower inflation target and tighter policy
Sarb governor urges reform of South Africa’s troubled transport and electricity sectors
ECB has completed most of its rate hiking, says Villeroy de Galhau
Banque de France governor rejects trade-off between price and financial stability
CBDCs will change international monetary system – IMF panel
Bank of Mauritius governor says CBDCs may protect sovereignty and combat illicit financing
Demand for better homes fuels unsustainable house prices – RBNZ study
Researchers say higher interest rates can reduce demand for better quality homes
FOMC members cut rate projections after banking turmoil
US labour market still too tight but banks’ problems may moderate demand, FOMC minutes say
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
US CPI falls to lowest level since May 2021
FOMC members hint at different views on next monetary policy decision
BSP governor says Fed should be ‘more caring’
But Felipe Medalla says Philippines accepts reality of having to react to US monetary policy
Cuba will again allow dollar cash deposits
Decision reverses ban in place since June 2021
Eurozone faces risk of entrenched inflation – Villeroy de Galhau
Banque de France governor says higher core inflation indicates widespread pressures
Currency round-up: De La Rue issues profit warning
Central African central bank to release new coins; and more
US banks still vulnerable to interest rate risk, IMF warns
“Supervisory lapses” appeared to be a factor in recent collapses, as many institutions remain exposed
Global economy will be ‘anaemic’ – IMF
Inflation falling, but central banks will only reach targets over 2024 and 2025
Monetary easing appropriate for now, says new BoJ governor
Academic Kazuo Ueda takes over from dovish Haruhiko Kuroda
Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
Boston Fed expands programme to get people back into work
FedNow created high demand for IT roles, which sparked programme’s inception
People: First governor of Congo central bank dies aged 92
Deputy governors depart in Canada and Sweden; and more
Papua New Guinea phasing out cheques
Central bank will stop processing cheques from larger businesses from end-2023
Geopolitical risks set to fuel financial instability, IMF says
Report urges supervisors to integrate this factor into their stress tests
Kansas City Fed warns slow wage growth could spur debt problems
Subprime auto debt back above pre-pandemic levels and consumer debt at highest level ever
Illegal gold trade impacts Ethiopian reserves
Assosa region holds one of the greatest untapped resources of gold in the world
Rates round-up: Mexico and Colombia slow tightening
Guatemala also tightens with 25bp hike; Chile and Dominican Republic continue pauses
IMF eases Argentina loan terms
Fund approves $5.4 billion payout and lowers reserves targets as drought conditions bite