Kazakhstan
Bank of Russia says Putin’s mobilisation will hit demand
Kazakhstan rates rocket, while Azerbaijan central bank warns about fiscal policy
Russia’s Mir forced into retreat
Banks and payment systems across Asia banish Russian cards after US warnings
Kazakhstan orders 50bp rate rise
Unlike neighbours, Kazakhstan continues tightening with eight hikes since last July
People: April to June 2022
A round-up of central bankers in the news and on the move during the past three months
Kazakhstan raises policy rate by 50 basis points
Inflation hit 12% in March and expectations are “not anchored”
People: Macklem to chair Basel Committee oversight board
China names policy-makers; BoJ reappoints key monetary policy official; Kazakhstan replaces deputy
Kazakhstan orders unscheduled 325bp hike
Central banks acts under new governor as Russian invasion of Ukraine drives currency down
Kazakhstan’s president announces changes to powerful wealth fund
National unrest leads to changes at SWF that owns an estimated 40% of GDP
Kazakh central bank warns of inflation pressure after protests
Policy-makers opt for 50bp rate hike to curb possible inflation surge
Kazakh central bank suspends banking operations
Deputy chairman says banking will resume when situation is “stabilised”
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to others
Kazakhstan continues monetary tightening
National Bank orders third 25bp increase in a row, in line with Russia
Agustín Carstens on BIS strategic priorities, innovation and central bank policy
BIS chief speaks about policy trade-offs at a critical time, tech collaboration, tackling NBFIs and the dearth of ‘green’ assets
Kazakhstan hikes main rate as food prices balloon
Government reaches into its non-monetary toolbox to help tackle inflation
Kazakhstan raises rates as inflation climbs
Central bank warns inflation could still rise further, a similar issue to neighbouring Russia
Kazakhstan’s central bank announces CBDC pilot
Central bank says it will issue token-based prototype to lenders
Podcast: Fintech likely to gain greater foothold in Kazakhstan post-pandemic
Covid-19 has forced incumbents to innovate, allowing fintech firms to increase presence in the market
People: BoE governor appoints first female private secretary
St Louis Fed appoints new COO; new appointments in Kazakhstan; and more
Fears rise over breakdown in Basel and IFRS standards
Bretton Woods institutions worried about growing divergence in capital and accounting rules
The Belt and Road Initiative 2020 Survey – A more sustainable road to growth?
The third annual Belt and Road Initiative (BRI) survey reveals that central banks view BRI investment as sustainable compared with other forms of external debt, particularly given it is often proportionally less significant. Despite growing global trade…
Transfer season
Trade frictions with the US have caused a mass industrial transfer to China’s neighbours. Zhou Chengjun, IFF Academic Committee member and inspector of the Macro‑prudential Policy Bureau of the People’s Bank of China, says that shouldn’t stop China…
Central banks’ gold buying falls sharply in crisis
New Fed facility may further reduce incentives to buy gold, Hungarian official says
IMF report: Kazakh central bank split is opportunity to boost independence
Central bank needs stronger governance and greater separation from government, staff say
IMF issues warning on Kazakh supervisory overhaul
Authorities should be careful not to undermine the supervisory capacity, staff say