News
Governors differ on cross-border payments
Officials from Europe, Africa and Asia diverge over whether bilateral or multilateral links are best
Bangladesh Bank raises interest rate to 10%
New governor makes third consecutive hike as bank attempts to tame inflation
Three kinds of firm still vulnerable to 2023-style crisis – FSB
Hardest-hit banks suffered outflows of 20–30% of deposits each day, report finds
Hungary holds rates again after September cut
Geopolitics prompt “careful, patient” monetary policy, says deputy governor
Bank of Thailand official calls for more flexible inflation targeting
Deputy governor says excessive policy fine-tuning can be counterproductive
IMF warns central banks not to keep policy ‘too tight for too long’
Chief economist calls for “triple pivot” as global economic outlook shifts
Monetary policy shouldn’t overreact to one data point – IMF
Financial Stability Report highlights need for central banks to communicate steadiness
Inflation to be under control by next June – SBP governor
Head of Pakistan’s central bank hails fall in inflation to 6.9%, down from peak of 38% last year
IMF disburses $340 million to Ethiopia
Fund commends country’s progress on monetary policy and exchange rate reform
MNB calls on Revolut to open bank subsidiary, not branch
Central bank says firm’s Hungarian customers deserve full deposit protection offered by banking laws
FSB calls for more action on cross-border payments
Reports say regional disparity remains and “significant progress” is needed to meet targets
PBoC cuts loan prime rates
Reductions in benchmark lending rates follow recent stimulus measures
Currency Benchmarks 2024 Charts
Take a deep dive into the Currency Benchmarks charts, which have just been released for 2024.
Bill aims to remove Tunisian central bank’s independence
Proposed law would also allow direct monetary financing of Treasury
PBoC launches special lending facility for share buybacks
Governor says central bank might also make further cuts to reserve requirement ratio
Egypt holds interest rates
Central bank expects inflation to fall as economy slows
Chile continues easing cycle with 25bp cut
Analyst says another reduction in December is “far from guaranteed”
European Central Bank cuts rates by 25bp
“Undershooting target” becomes real threat as markets’ medium-term inflation expectations fall below 2%
API standards would open up payment possibilities, says BIS
Bank also highlights financial and operational risks of linking systems across borders
Former LatAm governors propose new IMF liquidity tool
Emerging market fund would be aimed at stabilising bond markets during liquidity crises
Turkey holds rates for seventh consecutive time
Decision comes after monthly inflation ticked up in September
Why Bank Negara avoided ‘a confrontational approach’ on 1MDB fraud
Veteran governor says being more outspoken would have damaged the central bank
Bank of Thailand announces first rate cut in four years
Central bank unexpectedly eases policy by 25bp as inflation stays below target
Finma to revise UBS’s recovery and emergency plans
Swiss regulator suspends annual plan approval because of “obstacles” created by Credit Suisse merger