News
Croatian central bank moves towards “close co-operation” with ECB
Draft law forms part of process for joining European single currency
Zambian president makes deputy governor finance minister
New finance minister must tackle large debt burden, rising inflation and falling growth
Bank of Tanzania removes CEO of state-owned TIB Bank
The IMF has flagged the high levels of non-performing loans in the banking sector
New Turkish governor hints at willingness to cut rates
Monetary policy has “room for manoeuvre”, Murat Uysal says ahead of next week’s meeting
Alan Turing to appear on new £50 note
Celebrated codebreaker and computer scientist chosen from a field of nearly 1,000 scientists
Bank of Thailand voices concerns over baht appreciation
Thai central bank says it has cut supply of short-term bonds to curb hot money inflows
Senior Fed officials diverge on future rate policy
Richmond Fed president Tom Barkin not convinced inflation concerns warrant a cut
IMF backs ECB’s looser stance
Directors concerned about banks’ low profitability, and call for common deposit insurance scheme
Trump lashes out at Libra
US president says Facebook’s system will need a banking licence if it wants to be a bank; Jerome Powell says Libra not likely to be allowed to launch in 12 months
People: Tombini to head BIS Americas office
Former Brazilian governor to implement new banking strategy; plus appointments in Europe
UK to consider curbs on funds’ daily liquidity
Mark Carney says BoE officials are “disappointed” by limited global progress on issue
Mobile lending poses threat to financial stability – Kenyan governor
Njoroge says unregulated digital lenders could ‘bring down entire financial sector’
South African president reappoints Sarb governor
Ramaphosa gives second term to Kganyago, who has defended central bank’s independence
Powell says Fed will keep US “in a good place”
Some FOMC members considering rate cut to cushion possible future shocks, minutes show
US regulators loosen Volcker Rule for small banks
Regulators resist political pressure to reduce regulation on larger banks’ investments
West Africa announces ambitious new ‘eco’ currency plans
Single currency seems unlikely to be introduced by next year, despite updated launch plans
Mexican peso falls on finance minister resignation
Crisis complicates inflation outlook and fuels fear of political interference in independent institutions
Zimbabwe relying on central bank to keep lights on
$14 million needed to keep power flowing, and debts are piling up, says energy CEO
Three EU central banks hail success of Belarus project
Capacity-building project was first such EU mission in country noted for strong Russian links
Fed weighs reforms to stress tests
Powell says tests must evolve; Quarles and Fed watchers present potential improvements
PBoC gets go-ahead from China’s cabinet to develop CBDC
China’s central bank is developing its own CBDC, as officials voice concerns over Facebook’s Libra
PBoC sounds alarm over Facebook’s Libra
Central banks must keep control of Facebook currency, senior officials say
IMF to propose amendments to Pakistan central bank law
Changes will support efforts to reverse government debt trajectory, the fund says
‘Stop talking about rules’ – Basel’s Coen
The Basel Committee’s top staffer is moving on – and he wants finance to do the same