News
People: Philadelphia Fed hires new number two
Indian and UK central banks make senior appointments; and more
Cambodia’s Serey calls for greater use of local currency
Governor says demand for the riel has improved over the years
Svensson says house price metrics ‘unreliable and misleading’
Former Riksbank deputy governor says authorities are misjudging risks
CBDCs could challenge foundations of monetary economics, says Tombini
BIS Americas chief thinks digital currencies could co-exist with other rapid payment systems
Bank of Mexico keeps rates at 11.25%
In unanimous decision, board stresses rates are likely to remain unchanged ‘for some time’
Bank of England launches system-wide stress-test scenario
Exercise is first-of-its-kind look at macro-prudential impact of shocks to banks and non-banks
Bank of Israel’s FX interventions reached $8.2 billion in October
Central bank approved $30 billion programme following Hamas attacks on Israel
RBNZ to ban foreign bank branches from retail deposits
Central bank plans to change regulatory policy for branches of overseas banks in 2028
Fed’s Cook is concerned about non-banks and real estate prices
Hedge funds could rapidly pull out of Treasury cash futures market
Costa highlights economic costs of gender inequality
Chilean governor says women’s marginalisation reduces growth and innovation
ECCB preparing to launch ‘DCash 2.0’
Timothy Antoine says central bank digital currency could help ‘bridge the financial inclusion gap’
BoE promises new ‘rulebook’ for clearing houses and CSDs
Official says post-Brexit arrangements will be ‘more adaptable and dynamic’
China slides back into deflation
Falling pork prices are a major drag on consumer prices
IMF’s Adrian says world needs $5 trillion annual climate funding by 2030
Multilateral banks working to ‘crowd in’ private finance to meet need
CFPB proposes supervising large non-bank payment firms
Regulator says this is a part of a larger programme to monitor big tech
CCPs’ stress-test results have improved, BoE says
UK institutions can absorb default losses and maintain liquidity better than in 2021–22, regulator says
IMF proposes 50% increase in quotas but no voting reform
Proposal likely to be acceptable to US but would not boost emerging markets’ representation
Geopolitical risks threaten financial stability – Norges Bank
Norwegian central bank says banks are well-capitalised but notes real estate problems
Chinese vice-premier He Lifeng appointed to key financial roles
Veteran party official to lead new bodies overseeing China’s economic policy
Covid-era fiscal policy helped fuel inflation, researchers say
Robert Barro and Francesco Bianchi say their evidence supports fiscal theory of the price level
DRC says central bank needs recapitalisation
Government says BCC has no real equity as war and elections add to economic crisis
RBA resumes rate hikes to curb sticky inflation
Australian government confirms it will make significant changes to central bank’s governance
All Cuban businesses must offer electronic payments, says ministry
New rule is part of government’s response to ‘critical’ shortage of cash
BoE wants stablecoins fully backed with central bank deposits
Systemic stablecoins would have to back issuance with unremunerated deposits