Official Record
IMF pares back forecasts as world faces ‘multiple challenges’
Omicron variant, supply disruptions and inflation threaten to hold back recovery, says Gita Gopinath
IMF warns El Salvador on crypto
Executive board recommends “removing bitcoin’s legal tender status”
BIS unveils 2022 programmes for innovation hubs
Focus is on CBDC, payments, DeFi, green finance, and first projects in London and Stockholm
MAS aims for stronger Singapore dollar to resist inflation
Faster appreciation needed due to “rapidly accumulating” inflationary pressures, authority says
Paraguayan policy-makers weigh inflation against drought and pandemic
Monetary policy committee opts for smaller rate hike as economy faces difficult outlook
Kazakh central bank warns of inflation pressure after protests
Policy-makers opt for 50bp rate hike to curb possible inflation surge
Eurozone deficits and debt declined in Q3 2021
But debt levels in the bloc remain at high levels, especially in Southern Europe
People’s Bank of China continues rate cuts
Cuts follow weaker growth figures as deputy governor promises stable credit growth
UK inflation hits 30-year high
Figure is now highest since CPI series began, driven by energy and food prices
Ecuador brings in anti-theft dyes
Latin American country faces increasing crime rates including attacks on ATMs
No ‘convincing case’ for UK retail CBDC, say legislators
Report warns of potential “significant challenges” for financial stability and privacy posed by CBDC
Sweden inflation hits highest level in 28 years
Rise likely to boost hawkish positions at next Riksbank policy meeting on February 10
Norway’s inflation reaches highest level since 2008
Headline reading reaches 5.3%, while core inflation increases by 0.5% to 1.8%
DRC central bank cuts benchmark rate by 100 basis points
Central African giant continues loosening monetary policy amid growth and steady inflation
Bank of Israel grants first banking licence in 43 years
One Zero Digital Bank is first digital bank in Israel
SNB predicts rise in profits for 2021
Early estimate suggests profits will be up around Sfr5 billion on 2020 figure
Peru hikes rates 50bp again
Central bank continues tightening programme begun in August
RBI launches offline digital payments
Indian central bank hopes scheme will promote digital payments in remote areas
Poland continues tightening in new year
Central bank adds 50bp to rates, the fourth increase in a row amid high inflation
RBI flags ‘emerging signs of stress’ in small firms
Stress tests indicate rise in Indian non-performing assets likely in coming months
Dominican Republic ends 2021 with 100bp hike
Central bank returns rate to pre-pandemic level as economy and inflation steadily grow
IMF makes vaccinations a key focus for 2022
Work programme says fund will try to push forward efforts to “vaccinate the world”
Czech policy rate continues ascent
Divided central bank board orders 100bp hike, the fifth consecutive increase
Paraguay orders third 125bp hike
Central bank cites inflationary pressures and says monetary policy is still “accommodative”