Official Record
‘Stubborn’ inflation puts an end to Canada’s tightening pause
Bank of Canada raises main rate by 25 basis points as it predicts inflation will fall to 3% in the summer
Eurozone consumer inflation expectations down ‘significantly’
ECB data shows median 12 months ahead expectations fell to 4.1% in April
Riksbank to investigate year-end distortion in money market rate
Swestr tends to decline in the last business day of the year
Eurozone inflation declines sharply in May
Core inflation declines from 5.6% to 5.3%
IMF considering Liechtenstein application
European microstate could become 191st member of fund
Major central banks set out CBDC policy debates
BIS and central banks discuss major policy issues that still need to be solved
Saudi Arabia in talks to join Brics bank
Gulf state would join as Shanghai-based lender increases non-dollar operations
Temasek cuts staff pay over failed FTX investment
Singaporean sovereign wealth fund says investment in FTX has damaged its reputation
OCC will target ‘persistent weaknesses’ in US banks
Updated guidance introduces tougher approach to non-compliant banks
Bank of Israel increases rates by 25bp to 4.75%
Central bank stresses inflation slowed down over the last three months
US household debt passes $17 trillion
Mortgage originations fall to lowest level since 2014
BIS offers guidance on offline CBDC design
Half of central banks say offline payments are “vital” to CBDC design
Ethiopia’s central bank issues first foreign mobile money licence
Central bank says there is strong public demand for fintech services
Florida adopts anti-CBDC law
Governor has denounced US digital currency, though there are no concrete plans for one
Ireland considers sovereign wealth fund
Finance minister suggests move as government forecasts cumulative surplus of €656 billion
ECB to review staff wages after union protest
Central bank will formally review pay after works council rejects below-inflation rise
Norges Bank maintains counter-cyclical buffer at 2.5%
Norwegian central bank warns of banking and household risk
US CPI inflation slows to two-year low
Shelter costs contribute to sticky core inflation, but headline CPI comes in below expectations
Riksbank makes mistake publishing policy minutes
Swedish central bank says it takes the incident seriously and will strengthen procedures and controls
Bank of Canada consults public on CBDC design
But central bank says CBDC not needed “at this time”
Korean and Indonesian central banks sign bilateral transactions MoU
Agreement aims to let firms directly exchange won and rupiah without dollar conversion
Eurozone inflation rises to 7% in April
Core inflation declined to 5.6%, but energy prices grew again
RBA raises rates 25bp as spending falters
Outlook for household consumption uncertain as effects of tightening start to appear
ECB, BoJ, BoE and SNB reduce Fed dollar liquidity operations
Seven-day operations will decrease from daily to once a week