News
US will take ‘some time’ to decide on CBDC, Powell says
Fed chair says it must act to prevent inflation expectations rising
Japan unlikely to bolster yen, analysts say
BoJ governor and finance minister say rapid shifts in currency are “undesirable” and “unfavourable”
Cyber induced bank runs pose “huge risk”, says Richmond Fed’s Barkin
Banks lack proper cyber security metrics and should learn from other firms, argues senior Fed official
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
BoE to act as lender of last resort to UK energy firms
Move aims to counter high collateral demand, given energy market volatility
ECB raises rates by 75bp for the first time
Lagarde warns monetary policy will not bring energy prices down
Bolivian ex-governor calls opposition audit request ‘nonsense’
Most central bank gold reserves are held outside country, Morales says
RBA’s Lowe admits inflation models need rethink
Governor acknowledges forecasting mistakes but rejects calls to resign
Malaysian MPC raises interest rate for third successive meeting
BNM says Malaysian economic growth will continue despite growing currency volatility
Rates round-up: Canada opts for 75bp raise
Chile surprises with larger hike, while Poland nears peak rates with 25bp increase
Ethiopian central bank tightens limits on foreign exchange
Inflation was 33.5% in July
ECB expected to deliver first-ever 75bp rate hike
Record-high inflation of 9.1% in August and a weak exchange rate put pressure on divided governing council
BoE policy-makers debate more aggressive tightening
New government and “extreme volatility” in energy markets complicate outlook
People: new deputy governors in China, Sweden and Argentina
Bank CEO joins PBoC, while former regulator goes to Riksbank
Bolivian legislators ask to inspect gold reserves
Opposition politicians claim government wants to monetise and spend gold
Iran legalises crypto for imports
Trading crypto domestically still illegal, central bank tells citizens
Philippine central bank raises capital requirements for rural banks
Rural banks’ association says the measure could hurt banks in low-income areas
RBA raises interest rate to seven-year high
Governor Philip Lowe acknowledges impact of rate hikes on people’s spending
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Bank of Russia says lenders have lost $24 billion
Central bank issues pessimistic forecast on oil earnings but says lenders are coping with sanctions
Guatemala and Dominican Republic raise rates
DR says inflation is “moderating” and economy is strong; Guatemala notes second-round effects
BoE’s planned procyclical capital hike bewilders banks
Some doubt regulator will go through with counter-cyclical buffer hike while forecasting recession
Lars Rohde to retire from National Bank of Denmark
Governor will step down after 10 years in the role
Chile rejects new constitution, sinking central bank reform
Draft had proposed some changes to central bank governance and mandate