Central Banking
French prices half as sensitive to oil as in 2016 – BdF blog
Lower household fuel use and less oil-intensive production reduce pass-through to consumers
National Bank of Ethiopia joins Papss
Network says it will increasingly focus on boosting Africa’s connectivity with global payment systems
Banks must fix gaps in climate stress tests – Elderson
ECB supervisor says risks once thought remote are moving closer to becoming tomorrow’s baseline
Little evidence of second-round inflation in UK – Bailey
BoE governor says economy more resilient than expected, amid signs of AI investment
Tighter financing and high oil prices dominate Fed Beige Book
But strong variations exist between districts
Imminent US shake-up of LCR slated to include discount window
Adding Fed liquidity facility to bank regulation may help overcome stigma, raise lending capacity
Venezuela seeks shift to inflation targeting in medium term
Minister says dollarisation not ‘right answer’ and debt sustainability analysis to be published soon
Pre-emptive policy has built credibility, says Georgian governor
Enriched monetary policy toolkit assesses whether shocks are transitory in a volatile world
Success of Rwanda’s eKash comes from mandatory use – governor
Central bank learned from UPI and Pix on how to lower transaction costs on instant payment system
Overnight rates hitting MRO no sign of failure, says Välimäki
Bank of Finland board member outlines preferred view of new ECB structural operations
Yue: China’s growth issues won’t impact yuan internationalisation
HKMA chief also says rising long-term bond yields have not affected Hong Kong
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
CBN faces lawsuit over $1bn of allegedly misappropriated funds
NGO demands explanation for more than $6.23m in alleged election-related fraud
IMF, World Bank and BoT launch fraud prevention blueprint
‘Bangkok Blueprint’ targets more than just financial sector to ensure trust in digital financial products
Supervisory culture at Fed a ‘decades-long problem’ – Bowman
Vice-chair says there will be restructuring, while ‘tailoring’ of regulations will also change
Singapore surprises with pause in tightening cycle
MAS says decision made against backdrop of rising inflation, but expects price growth to slow next year
Young people less likely to be hired in age of AI – BdF blog
Technology’s impact less pronounced among older workers, as French firms opt to retain senior staff
FSB outlines principles to guide regulatory ‘modernisation’
‘We have not seen people implement our recommendations and then move back,’ says John Schindler
Hammack: explaining Fed moves is accountability via transparency
Cleveland Fed CEO says setting out the reaction function is not the same as forward guidance
BoK to review use of dot plot it debuted this year – Shin
Governor aims to find forward guidance ‘sweet spot’ and says any review will wait until at least next year