Official Record
Hungary makes shock 185bp rate increase
Central bank responds to inflation and weak forint with largest increase since 2008
Czech central bank raises rates after inflation hits 16%
Expectations could become unanchored from 2% inflation target, board warns
China loans Pakistan central bank $2.3 billion
Ailing country in talks with IMF as foreign exchange shortage crimps fuel purchases
Japan and Soramitsu to conduct Asia-Pacific CBDC studies
Observers note de-dollarisation and spread of e-yuan as potential motivations
Thai MPC split over rate hikes, minutes show
Minority of committee members voted for policy rate rise at last meeting
Zimbabwe central bank negotiates lower bread prices
Russia-Ukraine war and weak currency bring misery to southern African country
SNB raises rates for first time since 2007
Jordan says the Swiss central bank is ready to prevent “second-round effects” becoming entrenched
BIS unveils ‘post-quantum cryptography’ project
Innovation Hub centres will also explore climate disclosures and CBDC security
RBI aims to triple volume of digital payments by 2025
New strategy document aims to build on “phenomenal” growth in electronic payments
North Macedonia makes third 25bp hike
Central bank moves to increase local currency deposits, while inflation reaches double digits
Costa Rican central bank raises rates to highest level since 2011
Board also orders increase in reserve requirements from July as inflation remains over target
Argentina increases reference rate 300bp
Central bank says it anticipates inflation will fall despite continuing rise
Gulf central banks raise rates after Fed hike
Qatar, UAE and Bahrain make 75bp hikes, while Kuwait raises by 25bp and Saudi 50bp
Basel Committee launches principles for climate supervision
Guidance for banks and supervisors designed to create “common baseline” for tackling risks
Bank of Japan boosts bond interventions
Yield curve control policy still under pressure
RBNZ agrees plan to reverse QE
Central bank expects to sell off NZ$50 billion by 2027
Ten-year yield breaches BoJ target band
Central bank steps in with another purchase operation, but warns on yen weakness
FSB and IMF wrap up post-crisis data gaps initiative
Some issues remain despite “significant progress” since 2009, report finds
Reserve Bank of Australia joins 50bp club
Australian central bank continues post-pandemic tightening with second, larger hike
BoJ finds some CBDC designs suffer from bottlenecks
Designs faced pressures on transaction throughput, latency and CPU load
Basel Committee finalises climate principles
Committee also pushes forward with crypto asset regulations
IMF gains bigger budget to handle economic ‘inflection point’
Decade of flat budgets hampered efforts to tackle “profound” macroeconomic shift, fund says
Peru halves IMF credit line
Authorities say plan to phase out flexible credit line is mark of “very strong fundamentals”
Fed’s favoured inflation gauge falls
PCE inflation reading for April 2022 was down from March