Africa
Economists’ average annual salary rises
Incomes have some relation with GDP per capita and central bank size
Economics staff strength increases over two-year period
Departmental size as share of central banks’ workforce widens to 7.7%, on average
Mampho Modise on payments reforms and the hierarchy of money
Sarb's deputy governor discusses conflicting crypto directives, wholesale CBDC plans, expensive remittance and a Brics gold-backed settlement unit
Financial education hits the golf course in Kenya
Central bank uses tournament to tee up domestic bond market
Southern African countries consider joining SADC-RTGS
Mauritius, Tanzania, Zambia and Zimbabwe could onboard their currencies
South Africa surprises by holding at 7%
MPC split over how to tackle high inflation and weak growth
Ghana holds rates for second time this year
‘Vigilance is the word’ amid heightened geopolitical tensions, says governor
Renewed Middle East hostilities prompt Nigeria to hold
Central bank keeps rates at 26.5%, despite moderating inflation
Closer PBoC-CBL ties reflect China’s strategic aims, says expert
Central Bank of Libya to enter China’s payment system and bond market
Nigeria’s president signs order to enhance virtual asset regulation
Central bank to chair ‘virtual assets council’ to help close regulatory gaps
Angola cuts rates as inflation reaches 11-year low
Central bank says ‘no inflationary pressures in sight’ over coming months
Cross-border co-operation stronger for non-central bank supervisors
Roughly one-fifth of central banks lack supervisory college membership
Ethiopia raises rates for first time in two years
Move comes as NBE removes lending cap on commercial banks
Supervisors report capital and liquidity resilience across banks
Basel II remains most adopted global standard among respondents
Size and business model are key elements of risk profile
Supervisors tend to inspect systemic banks once a year
Kenyan president signs new central bank law
Amendment provides framework for institution to offer emergency liquidity assistance
Supervisors report sharp increase in AI adoption
Summarisation ranks as topmost area of application, with biggest use in larger teams
Sudan to withdraw low-value notes from circulation
Smaller denominations have lost purchasing power amid inflation and currency depreciation
Credit risk is supervisors’ top priority
Climate and AI risks rank lowest across respondents
African supervisory authorities tend to lack sufficient staff
Most respondents combine banking supervision in one unit
Monetary split deepens in Sudan as new banknotes circulate
Expert says rebel forces may be printing their own version of national currency
Non-central bank authorities tend to supervise non-banks
Non-banks offering credit-like products unregulated in tenth of jurisdictions
PBoC designates RMB clearing banks for Indonesia and Africa
Bank of China (Hong Kong), ICBC and Standard Bank to operate services for Chinese currency
Vanessa Mussard on the Seychelles’ evolving reserve management
The Central Bank of Seychelles' financial markets chief speaks about minimum FX coverage requirements, reserves accumulation and diversification, the Iran war, climate vulnerabilities and building financial infrastructure