Latin America & Caribbean
Ecuadorian central bank’s general manager resigns
Avellán leaves post year and a half ahead of schedule to ‘take on new professional challenges’
Central banks are needed to make instant payments work, says panel
Legal and payment experts tell Autumn Meetings that private sector cannot achieve this on its own
Central banks must respond to challenges of digital innovation – panel
Central Banking Autumn Meetings panel looks at how stablecoins, CBDCs and AI are shaping decision-making
Reserve managers in Americas aim to be ‘more daring’
Central Banking Autumn Meetings: managers look to diversify assets, jurisdictions, currencies and counterparties
Curaçaoan governor highlights AI, climate and cyber risks
Richard Doornbosch says Caribbean’s small, open economies faced heightened threats
Bolivia’s new government picks interim central bank chief
Career monetary authority official David Espinoza vows to restore independence
Brazil tightens crypto rules amid fears of capital outflow
Stablecoin transactions will be treated as FX operations under new central bank regulations
Argentina rejects rumours it will adjust exchange rate policy
Economy ministry says it will not make changes to currency band, media reports
Brazil holds policy at 15% for third time in a row
BCB continues to signal hawkishness despite calls from finance minister to cut rates
Bolivia raises $83m in bonds linked to gold prices
Central bank sells instruments directly to retail investors at above-market rate
BCRA deputy governor: weak peso not tied to structural issues
Investors flocking to dollar because of temporary risk aversion ahead of elections, Werning says
US Treasury buys Argentine pesos in currency market
First FX intervention since 2011 comes as Washington announces $20bn swap line with BCRA
Colombia cancels $8.4bn credit line with IMF
Announcement comes after fund said facility would stay suspended due to country’s fiscal problems
Banxico cuts rates by 25bp to 7.5%
Mexican central bank follows in Fed’s footsteps and signals intent for more easing
Ex-BCRA governor: Argentina was not ready for volatility
But tax exemption on exports and US support have bought Milei time until October poll, says Redrado
Bolivia’s forward gold sales are legal workaround – expert
Central bank raises almost $600 million in hard currencies by committing to sell bullion at future date
Argentina sells $379m in FX market to prop up peso
BCRA intervenes for second time since implementing managed float regime in April
Brazil holds rates at 15% with hawkish guidance
Rate-setters say they would “not hesitate to resume” hiking cycle if necessary
Banrep’s Villar voices support for monetary independence
Colombian central bank governor defends constitutional arrangements amid attack from president
Barbados to launch instant payment system
Central bank says ‘revolutionary moment’ in country’s financial history will take place next March
Chile launches programme to shore up FX holdings
Central bank aims to increase reserves by 40% and reduce role of foreign currency credit lines