News
China says tokenisation illegal under existing framework
PBoC and agencies update 2021 crypto guidelines to place restrictions on real world assets
Nexus picks operators to build and run ‘network of networks’
CEO expects global scalability following launch of multi-country fast payments linkage
Czech National Bank holds rates
Sub-2% inflation does not warrant policy loosening, central bank says
This is not quite Japan’s ‘Truss moment’ – ex-BoJ board member
Experts add that central bank is unlikely to have to intervene directly in sovereign bond market
Tech issue caused RBA systems outage, says Bullock
Australian governor apologises and says payments failures were ‘not acceptable’
ECB holds rates again, despite below-target inflation
Lagarde says bank will not be forced into precipitate easing by January’s 1.7% figure
Full ‘postmortem’ on QE yet to be written – Klaas Knot
Former DNB governor expects Fed to continue international monetary diplomacy under Warsh
BoE holds rates at 3.75% in yet another close decision
Good progress on disinflation and weak labour market open door for cut in March
BoK and BI’s QR payments link to come online in April
South Korea and Indonesia also renew $7.3bn currency swap agreement for five years
MAS says support for IMF’s anti-poverty work aids stability
Central bank to provide $36.9m to aid fund’s work in Sudan and other underdeveloped countries
Miran resigns from Trump’s Council of Economic Advisors
Departure from White House role comes after senators on banking committee called for his resignation
Slovenia’s politicians agree to appoint Dolenc as governor
Acting head given full tenure more than a year after parliament rejected president’s initial choice
Most non-centrally cleared repos have zero haircuts, FSB warns
New report provides sweeping view of $16 trillion market and suggests ways to close data gaps
HKMA wants lenders to accelerate post-quantum planning
De facto central bank to unveil preparedness index, among other future-proofing tech initiatives
Bank of Israel pushes back against politicians’ calls to buy gold
Head of markets says bank has done enough sanction-proofing with its portfolio, but refuses to elaborate
Warsh is an excellent pick for Fed chair, says Quarles
Former vice-chair believes Trump’s choice will make policy-makers feel heard
Nigeria’s central bank publishes first fintech report
Inaugural edition focuses on how current regulatory frameworks impact innovation
RBA tightens policy, citing higher-than-expected inflation
Australia’s first rate hike since late 2023 had been expected by economists
People: Turkey appoints new deputy governors
Plus high-level restructurings in Thailand and Italy
Bank Indonesia becomes full member of Nexus
Cross-border network seeking system architect to lead global instant payments interoperability
Trump has already made life harder for Warsh, say economists
Experts say president’s actions during selection process stymie Fed’s ability to tackle inflation
UK clearing houses face tougher capital regime than EU peers
Ice resists BoE plan to move second skin in the game higher up capital stack, but members approve
Colombia shocks markets with 100bp rates hike
First tightening in nearly three years comes after government announces 23% rise in minimum wage
Taiwan rejects accusation of ‘backdoor currency manipulation’
Central bank says it ‘cannot and will not’ have upper limit for New Taiwan dollar