Official Record
Australia’s central bank to review banknote distribution model
Decline in transactional cash usage has led to excess capacity
UK and China renew bilateral swap line
350 billion yuan swap line extended for a further five years
New York Fed opens new research centre
Marco Del Negro will lead work on research methods and issues in macroeconomics
MAS and BSP to pursue retail payment linkage
Central banks of Singapore and the Philippines promise to advance co-operation on fintech
No UK central bank digital currency before 2025, BoE says
A 2022 consultation will determine if CBDC should enter “development” phase
BoE outlines new ‘tiered’ CCP supervision framework
Non-UK CCPs will be labelled Tier 1 and Tier 2 following ‘reliance assessment’
Asset sell-off biggest threat to Chile’s financial stability – Marcel
Governor reiterates warning against further pension withdrawals
German tabloids ramp up personal attacks on Lagarde
ECB board member Isabel Schnabel says “inciting hatred” is “unacceptable”
US adds more than half a million jobs in October
Unemployment falls to 4.6% as labour market perks up again
NGFS’s climate stress tests bolstered by new macroeconomic modelling
NiGem model will help central banks better understand economic transmission channels
Czech National Bank makes 125bp hike
Central bank promises aggressive action to resist “exceptionally strong price pressures”
Norges Bank aiming for December rate hike
Central bank projects somewhat steeper path of rate hikes among Norway’s trade partners
RBNZ seeks greater collaboration on cyber incidents
New response team was established following September cyber attack
UAE central bank announces new cyber security centre
Gulf state saw huge increase in cyber attacks in 2020
UAE partly decriminalises passing bad cheques
New law meant to encourage recovery, justice and more modern forms of payment
Eurozone inflation expected to hit 4.1% in October
Figure would be joint highest reading since the single currency was introduced
Azerbaijan authorities order 50bp hike
Price deregulation and global factors lead list of inflation drivers
Saudi Arabia boosts Pakistan’s reserves
Package from Saudi development fund comes as Pakistan’s balance of payments issues ease
Bank of Canada ends QE
Inflation proving “stronger and more persistent than expected”
ECB appoints members to new ‘digital euro’ board
Advisory board’s 30 members will advise on potential digital euro models
Kazakhstan continues monetary tightening
National Bank orders third 25bp increase in a row, in line with Russia
UK financial firms worried by pandemic risks – BoE survey
Market participants cited cyber risk as the most challenging to address
PBoC steps up efforts to safeguard cash use
Chinese central bank fines railway $78,000 over refusal to accept cash in ticket office
Uganda’s central bank cuts banknote printing costs
Improved processing and new reissuance guidelines streamline banknote management, report says