Official Record
Kenya’s banks told to prepare climate risk plans by 2022
Central bank publishes guidance urging banks to integrate climate risk into broader risk management
Delta variant had smaller impact on US consumer spending
Cleveland Fed finds weaker or no link between hospitalisation and spending in 2021
IMFC backs new trust to channel resources to vulnerable economies
Resilience and Sustainability Trust would offer support to a wider set of countries and could be used to share out special drawing rights
G7 says retail CBDC networks should be carbon neutral
Group of Seven outlines 13 retail CBDC principles in new report
Fed joins Network for Indigenous Inclusion
Australian, Canadian and NZ central banks established group earlier this year
BoE ends off-the-record meetings with banks
Change follows concerns about similar practices at other central banks
US CPI inflation rises to 5.4%
Prices continue upward climb, but policy-makers still see pressures as temporary
UK government mulls giving BoE new payment supervision powers
BoE would oversee firms within the broader ‘payment chain’
Unemployment falls across North America
US recovery is weaker than expected, while Canada reaches pre-pandemic jobs levels
Empirical economists win Nobel Prize
Card, Angrist and Imbens share prize for work on labour markets and causality
Laos central bank to partner with Soramitsu on CBDC study
The study is said to begin as early as this month, but a launch of CBDC remains unsure
CPMI and Iosco say systemic stablecoins must meet FMI principles
Stablecoins perform similar functions to other financial market infrastructures, say bodies
Iceland tightens policy to tame inflation
Inflation rose to 4.4% in September, above the central bank’s 2.5% target
US PCE inflation rises to 4.3%
Fed’s preferred rate reaches new high in August, but “trimmed” measure steady at 2%
BoE urges public to spend remaining paper banknotes
Paper £20 and £50 will cease to be legal tender next year
FOMC doubles ceiling for reverse repo bids
Participating institutions can now borrow up to $160 billion per bid
Paraguay’s central bank raises rates to 1.5%
MPC says monetary policy normalisation should continue in wake of rising inflation
Angola’s central bank reopens office after delays
Branch was reportedly completed in 2017 but has lain dormant following governor dismissal
Thailand and Malaysia invite banks to operate across borders
Banks can operate in host country with greater access and flexibility under Asean initiative
FCA bolsters investor protection through new campaign
Regulator will become more “assertive and agile” to responding to investment fraud
MAS and RBI to link up payment systems
New linkage will allow for automation of capital controls, say authorities
Above-target inflation may push Riksbank to taper
Inflation rose from 1.7% in July to 2.4% in August
No IMF bias towards ‘excessive austerity’, report finds
But Independent Evaluation Office says fund has been too optimistic in its forecasts