News
Vietnam’s central bank reassures depositors amid bank run
Arrest of a prominent businesswoman triggers a run on a major Vietnamese bank
Bernanke, Diamond and Dybvig win Nobel Prize
Economics prize goes to authors of widely cited work on financial crises
BoE launches teaching resources for secondary school students
Few UK students study economics before age of 16 and schools are not required to teach finance
Four more African central banks raise rates
Ghana raises policy rate to highest level since 2017, plus hikes in Uganda, Sierra Leone and Tunisia
Eurozone governments must tackle energy crisis, says ECB
Philip Lane backed 75bp raise against opposition from some dovish members in most recent meeting
Peru and Uruguay carry out more rate rises
Peruvian policy now “clearly restrictive”, analyst says, while Uruguay warns of risks to growth
Belarusian president bans price increases
“God forbid someone decides to raise prices,” says Lukashenko
Default risks for Australian homeowners rising, RBA says
Some borrowers could see negative disposable income, but risk is not yet systemic
Open-ended mutual funds may destabilise markets, says IMF paper
Funds with daily redemption create “major potential vulnerability”, researchers say
Shevchenko denies fleeing Ukraine and denounces ‘campaign’ against him
Governor says corruption leak is a smear and political pressure forced him from office
Bank of Israel reserves drop by over $6.1 billion in September
Central bank’s portfolio has declined by almost $27 billion in 2022 amid market volatility
Colombian president criticises central bank’s rate increases
Finance minister argues tighter policy could bring recession without reducing inflation
Iceland’s MPC carries out ninth consecutive rate rise
Central bank slows tightening cycle amid signs inflation may be on downward path
Gilt market shock ‘far exceeded’ historical price moves – BoE’s Cunliffe
“It might not be reasonable” to expect funds to insure against all extreme outcomes, deputy says
Inclusive growth must come after price stability, says Fed’s Jefferson
First speech as a governor re-emphasised hawkish Fed statements forecasting slow growth
Central Bank of Kenya raises rate and denies FX shortage
New president nominates former governor Ndung’u to become finance minister
Ukrainian governor Shevchenko resigns
Governor says he is quitting for health reasons as Gontareva says possible successor is unqualified
Rates round-up: RBA tightens policy 25bp
Plus rate increases in India, Israel, the Dominican Republic and Jamaica
BoE emergency bond purchases drop to zero
Central bank had offered to buy £5 billion per day, but actual purchases have been much smaller
UN body warns central banks could set off global recession
UNCTAD report calls for price controls rather than rate hikes
Russia’s Mir forced into retreat
Banks and payment systems across Asia banish Russian cards after US warnings
US imposes sanctions on Russian governor
Treasury says Nabiullina and other officials have facilitated Russian invasion of Ukraine
Finance minister becomes new Guatemala governor
Gónzalez replaces Recinos, who had led the Bank of Guatemala for seven years
China rolls out new measures to boost housing demand
Authorities lower mortgage rates and offer a tax incentive for new home purchases