Australia
Australian government to review RBA mandate and governance
Review will look into the board structure and performance, after RBA suffers criticism over policy choices
Australians can bear rising borrowing costs – RBA deputy
But Michele Bullock warns of greater financial burden for recent homebuyers
Cash, not trash: the second lives of substrate
Central banks and their banknote providers are taking a range of approaches to recycling cash
RBA raises interest rate by 50bp
Move marks a total of 125bp of increases since May
People: RBA and Norges Bank appoint deputy governors
Timothy Lane retires from Bank of Canada; BIS appoints deputy banking chief
Exit from bond yield target was ‘disorderly’, admits RBA
Central bank says it is unlikely to use yield curve targeting again
People: April to June 2022
A round-up of central bankers in the news and on the move during the past three months
Book notes: Two hundred years of muddling through, by Duncan Weldon
Insights into UK economic history offer lessons for today’s policy-makers
Reserve Bank of Australia joins 50bp club
Australian central bank continues post-pandemic tightening with second, larger hike
RBA’s approach to QT does not involve selling bonds
Selling assets could undermine future quantitative easing programmes, says assistant governor
RBA hikes for first time in over 10 years
Philip Lowe says RBA will also allow the balance sheet to shrink, as inflation rises more than expected
Mitigating regulatory risks of mobile payments
Third-party payment providers need to give up data to supervisors to prevent fraud
Technology services – regulatory: Regnology
The regtech/suptech provider continues to innovate, securing major new contracts with central banks and regulators
RBA deputy governor resigns
Guy Debelle leaves to join green energy company less than a year into second term
People: Chile appoints new central bank director
BoJ set to gain new policy board members; RBA names new head of banking; and more
RBA preparing changes to open market operations
Assistant governor says reforms needed as liquidity and monetary policy evolves
RBA halts asset purchases
Australian central bank maintains interest rates at 0.1%
RBA develops new method of modelling financial sector
Approach takes Martin model “beyond the existing macroeconometric frontier”, say researchers
People: Arce to lead ECB economics directorate
SNB deputy to retire; Vanuatu names new deputy; Glenn Stevens to chair Macquarie; and more
RBA says DLT network is viable option for wholesale CBDC
Project Atom proved wholesale CBDC issued over DLT network reduced risk and improved efficiency of loan payments
People: Chilean Senate confirms board member
Plus senior appointments in New Zealand, Sri Lanka, Bangladesh and more
Central banks’ diversity policies can only go so far – RBA’s Debelle
Policies can only go so far in reducing the inequality gap, Debelle says, while providing update on “reconciliation” plan
Podcast: central banks’ data models going granular
Vizor Software’s chief technology officer, Ryan Flood, provides an update on changes to central banks’ regulatory data models
RBA stepping up CBDC research despite scepticism over use
Australian central bank is concerned private sector firms could dominate payments sector