News
China discloses FX portfolio for first time
Report shows ratio of US dollar-denominated assets declined to 58% in 2014, from 79% in 1995
PBoC says new digital payment system is almost ready
New electronic payment system will use double-layer framework for digital currency
Malaysia takes action against 17 Goldman bankers over 1MDB
Custodial sentences and criminal fines sought in relation to alleged misappropriated funds
Erdoğan sidelines senior central bank officials
Move follows dismissal of governor Murat Çetinkaya in July
Shekel’s strength clouds Bank of Israel’s inflation outlook
Economists ponder whether central bank actions contribute to lower prices and what priorities it should consider in the near future
Australia could reach zero lower bound, says Lowe
Governor says RBA is open to unconventional monetary policy
ECB to assess Croatian banks in euro membership prep
Croatia could join the eurozone by 2024
RBI in fintech and 24/7 payments drive
RBI announces 24/7 electronic payments, anti-fraud registry and more
Belarus cuts rates to record low as growth falters
National Bank of Belarus has cut rates 15 times since 2016; ponders IMF assistance
Central banks need better crypto asset data to contain risk – ECB research
Links between crypto assets and regulated financial sector may increase and challenge regulatory frameworks; ECB creates own database
NY Fed splits markets group and seeks two EVPs
Monetary policy implementation to be split from markets group after Potter’s departure
Philippines cuts key rates and hints at more easing
BSP governor indicates more easing likely this year as inflation stays under control; RRR cuts also possible
MAS issues ‘cyber hygiene’ rules; eases sandbox barriers
Regulator aims to prevent cyber crime through basic measures while offering some fintechs access to its sandbox within 21 days
Thailand unexpectedly cuts rates
Bank of Thailand delivers surprise 25bp cut; move follows PBoC allowing RMB to fall through seven to the US dollar
Former Fed chairs stress importance of central bank independence
President Donald Trump has repeatedly criticised chair Jerome Powell for keeping interest rates too high
RBNZ surprises markets with 50bp rate cut
New Zealand central bank reduces interest rates to record-low of 1% on weaker growth projections
PBoC to issue central bank bills to support yuan
Move could reduce liquidity of offshore yuan and deter “hot money” flows, analysts say
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on blockchain-based cross-border funds transfer technology
Zimbabwe holds first treasury bill auction in seven years
But finance minister says inflation figures will not be published until next year
US Treasury designates China a currency manipulator
Renminbi crossed the barrier of seven per US dollar amid growing trade tensions on August 5
Fed aims for 24/7 instant payment system in US
FedNow Service should be available in 2023 or 2024, and Fed promises upgrade to existing systems
PBoC vows to keep currency stable
Central bank governor says renminbi is at an appropriate level after it breaks ‘7:1’ against the US dollar
African governors discuss concerns over rising debt
Central bankers stress need for African cooperation in face of weakening global economy
Turkey increases reserve requirements on forex deposits
Authorities aim to discourage citizens from transferring their assets into other currencies, weakening the lira