Official Record
PayPal launches US dollar stablecoin
Company will publish reserves report in September
BoJ board member says sustained 2% inflation within reach
Firms may have become more willing to raise wages, some policy-makers noted in July meeting
US legislators draft bill to limit Chinese influence at IDB
Proposal demands public reports of Chinese influence and contracts at the development bank
German economy remains stagnant in Q2
Official figures show no growth as outlook for eurozone largest economy’s remains weak
Eastern Caribbean will drop UK monarch from notes
Heads of government decide to place ECCU’s symbol on new series of notes
UK inflation falls to 7.9%
Drop exceeds Reuters poll prediction, but headline rate still almost four times target
German inflation to fall again from September, says Bundesbank
One-off effects boosted inflation from 6.3% in May to 6.8% in June
ECCB launches new website
Updated site accompanies “virtual museum” on Eastern Caribbean Central Bank
UAE and India to create bilateral settlement system
Messaging link would remove need for Swift, RBI governor says
Ecuador refines more than a half-tonne of gold from small miners
Latest stage of gold purchase programme adds $36.1 million to reserves
US basketball chief: sovereign wealth funds cannot buy teams
Statement follows Qatari fund buying minority stake in owner of Washington Wizards
Egypt announces ‘record’ inflation
Inflation continues rising despite monetary tightening and could trigger IMF consultation
Bank of Canada raises rates 25bp
Central bank now predicts inflation will return to its 2% target in mid-2025
RBNZ halts tightening cycle
Central bank says policy rate will need to remain at a “restrictive” level for some time
Bank of Israel halts tightening cycle
Central bank signals it could raise rates further if inflation does not continue falling
ECB opens public consultation on new banknote design
Shortlisted themes include birds, rivers, European culture and values
Uganda passes Islamic banking law
Parliament removes provision for sharia advisory council at the Bank of Uganda
Taiwan’s central bank calls for wage rises
Report calls for more unionisation after real wages fell in first quarter
World Bank releases country income classifications
Seven countries promoted, while Jordan falls a category due to population growth
Brazil regulators cut off loans for environmental law violators
Resolution marks change in policy from Bolsonaro era
RBA keeps policy rate steady
Decision comes after Australia’s inflation slows in May
World Economic Forum warns of CBDC ‘alliances’
Report recommends interoperability via “token switching” and common messaging standards
Nigerian central bank caps contactless payments
Move limits consumers’ daily contactless payments to $66
Bank of England adopts ISO 20022
Businesses and consumers may have more data input options by year’s end