Europe
ECB economists expect food inflation to rebound in 2027
Energy costs and weather are set to reverse a slowdown that began in January
Rethinking the narrative on cash
Antti Heinonen explores recent developments of cash that go against the prevailing narrative
Google Cloud outage causes disruption across UK banks
Barclays, Bank of Scotland, HSBC, Lloyds and Revolut customers among those reporting problems
Holding limits could support CBDC adoption – ECB study
High threshold, plus reverse waterfall functionality, could mitigate stability risks, researchers say
Volume of damaged notes withdrawn from circulation increases
Frequency of official fitness tests tends to have bearing on removals
Lagarde sees slower pass-through after bond sell-off
Higher yields will limit knock-on effects from energy shock, ECB president tells IMF meeting
Dan Katz on the IMF’s role amid a fracturing economic system
The first deputy managing director speaks about the fund’s efforts in technical assistance, central bank guidance, debt workouts and surveillance in a system beset by fiscal imbalances, geopolitical fissures and digital disruption
Atomic settlement: a solution to cross-border payment woes?
Experts say simultaneous settlement has the potential to improve cross-border frictions – so why are central banks lukewarm?
One in five central banks to issue new banknotes next year
Third of respondents have seven denominations of banknotes in circulation
Banks must fix gaps in climate stress tests – Elderson
ECB supervisor says risks once thought remote are moving closer to becoming tomorrow’s baseline
Number of banknote depots linked to cash cycle involvement
Public and private sectors jointly bear distribution costs in most jurisdictions
Mandatory cash acceptance not always backed by other policies
Benchmarking data suggests possible mismatch between demands on banks and merchants
Overnight rates hitting MRO no sign of failure, says Välimäki
Bank of Finland board member outlines preferred view of new ECB structural operations
Lagarde cools speculation of ECB rescue amid French debt woes
Central bank chief urges her home country to get its fiscal house in order
Fiscal consolidation still possible in France – Moulin
BdF governor says Europe facing twin shock from surge in energy costs and bond yields
Zoltán Kurali on the MNB’s monetary policy framework review
Hungarian deputy explains the rationale behind cutting the target from 3% to 2.5%, retaining a tolerance band and reducing meeting frequency
Volume of cash in circulation averages less than 5bn notes
Proportion of payments made using cash averages 40% in past year
Printworks owners have seven times more cash staff
Currency departments generally more satisfied with non-staff resources than staffing
Ice launches gold futures trading in London
Contract gives market participants new risk management tools, head of Ice Europe says
China hits back at criticism of yuan policy
PBoC denies devaluation claims, says other nations are responsible for their declining competitiveness
Political conflict triggers decline in investment – study
Bank of Spain paper examines impact of polarisation and gridlock on major economies