Africa
South Africa’s central bank denies reducing inflation target
Sarb says it is targeting bottom of existing 3–6% range, after reports it had bypassed Treasury
Former Malawi central bank chief runs for presidency
Dalitso Kabambe to compete with incumbent who dismissed him from governorship in 2020
Most central banks co-ordinate monetary and financial stability tools
Cross-scenario evaluation and committee overlap cited as areas of interaction
Ghana’s 300bp rate cut is largest in its history
Governor signals further easing as inflation cools to lowest level since 2021
Central banks’ CBDC sentiment can prove contagious – BIS study
Authors say Fed and ECB’s positions on digital assets affect how the currencies are perceived elsewhere
Consolidation likely among Nigerian lenders – analyst
Small lenders unlikely to meet CBN’s recapitalisation demands, says investment bank’s research head
Regional trade key for Africa’s growth – BIS bulletin
Closer ties between states will help shield continent from US tariff shocks, researchers say
Supervisors widely use suptech tools for data collection and validation
AI use is growing but remains much less widespread than suptech
Bank of Ghana convenes emergency MPC meeting
Next monetary policy decision to be announced on July 28
Resolution framework update planned by 56% of supervisors
Non-central bank supervisory authorities less likely to have bail-in powers
Collateral pre-positioning reported in half of jurisdictions
Most supervisors believe banks are ready to access emergency central bank liquidity
Botswana increases pula crawl rate to defend reserves
Central bank will also charge lenders higher margins to access FX
Supervisors report low adoption of newer global standards
High income supervisors more likely to have regulations in place
Three in five supervisory authorities publish oversight outcomes
Majority of respondents release supervision details in annual report
Digitalisation is top strategic priority for supervisors
Majority of supervisors have a strategy document but only half make them public
IMF praises Nigeria’s FX reforms
Fund’s article IV review also calls on central bank to introduce disinflation path
Supervisors review banks’ asset quality at varied frequencies
Middle income supervisors tend to review assets more often than high income counterparts
Systemic banks prioritised in onsite inspections
Supervisors’ activities commonly include interviews, reviews and verifications
Onsite inspection frequency tailored to individual firms’ risk profiles
All authorities in high and middle income countries engage in risk-based exercises
Pillar 2 supervisory requirements broadly decided at national level
Only 15% of authorities operate regional supervision offices
Supervisors rate resource sufficiency higher than staffing
Annual salary of supervision officials averages just over $40,000
Most supervisors have mandate to oversee non-banks
Supervision department staff average just over 150 individuals
Kenya to extend RTGS system’s daily operating hours
Central bank says Kepps system will move from seven hours a day to 12 from July 1
Central banks favour instant payments over CBDCs
Interoperability of systems and financial inclusion drive decisions among survey respondents