Europe
European Central Bank pauses rate-cutting campaign
ECB considers strengthening eurozone economy to be “crucial” in face of geopolitical challenges
Ukraine opts to keep rates higher for longer
Central bank holds at 15.5% and says policy must remain “rather tight” if 5% inflation target is to be met
Central bankers’ speeches good for the euro, but not ECB – study
People’s support for single currency rises as their trust in institution falls, say LSE researchers
People: new deputy governor at Central Bank of Ireland
Plus appointments at FATF, Financial Stability Board and European Stability Mechanism
Hungary holds rates for 10th consecutive time
Economy continues to stagnate despite rising household lending
Portugal’s governor remains in place ahead of ECB meeting
Government fails to announce Centeno’s reappointment or replacement after term ends
More NBFI liquidity data could aid financial stability – ECB study
Research recommends active margin call monitoring for non-banks
BoE and Treasury’s ‘productive tension’ over stablecoins
Experts say Reeves’s bullishness and Bailey’s more bearish stance on assets may be all to the good
ECB fine-tunes plans for digital euro
Bank hails improvements to CBDC in latest progress report
Supervisors widely use suptech tools for data collection and validation
AI use is growing but remains much less widespread than suptech
ECB opens second round of banknote design competition
Artists invited to submit ideas related to culture and the natural world
Resolution framework update planned by 56% of supervisors
Non-central bank supervisory authorities less likely to have bail-in powers
Floating-rate credit blunts policy transmission – research
Inflation would have reached target sooner if more firms had borrowed at fixed rates, study finds
Collateral pre-positioning reported in half of jurisdictions
Most supervisors believe banks are ready to access emergency central bank liquidity
CBI’s approval of Israel bond prospectus was illegal – Irish lawmaker
Gary Gannon claims bank’s actions misled investors about risks and were in breach of country's Genocide Act
Supervisors report low adoption of newer global standards
High income supervisors more likely to have regulations in place
Digital euro may benefit banks in ways stablecoins can’t – Cipollone
ECB board member says CBDC, like the euro, offers chance to “unite Europe”
Interest-bearing CBDCs could be better for depositors – study
CEPR study says there is “optimal” rate at which currencies would improve people’s welfare
Book notes: Central banking at the frontier, by Thammarak Moenjak
This well-structured book provides a comprehensive overview of the challenges digitalisation poses for finance and includes possible actions for central banks
Montenegro to limit Sepa charges and extend RTGS times
Central bank says caps on fees will save its citizens €13.9 million a year
Three in five supervisory authorities publish oversight outcomes
Majority of respondents release supervision details in annual report
Negative interest rates are last resort – BdF governor
Villeroy de Galhau outlines “order of operations” for deploying monetary policy tools
Digitalisation is top strategic priority for supervisors
Majority of supervisors have a strategy document but only half make them public
Ex-OCC chief urges new approach to AI explainability
Michael Hsu suggests shift from academic analysis to decision-based techniques