Official Record
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
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