Central Banking
BoE reserves framework drawn into political arena
Minor party’s proposal to axe interest on reserves highlights BoE’s costly operating framework
Pakistan cuts interest rates for first time in five years
Central bank says growth of exports and remittances bolsters foreign exchange reserves
ECB penalises European banks for not meeting climate risk deadline
European real estate market remains a concern but banks are in a “robust” position, Jochnick says
Riksbank updates benchmark rate calculation method
Swestr to become more robust, especially around year-end
Two BSP policy-makers resign over scandal, reports say
Officials resigned over “ghost employees” investigation at Philippine central bank, reports say
ECB appoints three senior officials to supervisory board
Irish, French and Portuguese trio to replace current members by the end of the year
BIS to test automatic FX settlement in wholesale CBDC
Project will explore how interlinked payments systems can improve cross-border payments
Large central banks usually failed to quash inflation – Fed research
Soft landings are possible with early and parsimonious action, authors find
Bank of Israel governor warns of war’s impact on GDP
Yaron reiterates calls for committee on determining defence budget
US citizens are unready for rainy days, research finds
Spending has increased from pre-pandemic trend level, Minneapolis Fed paper says
CBDC would have little effect on real economy – BoK paper
Researcher says CBDCs would have marginal but positive effects on output
Reserve Bank of India plans to take payments system to 20 countries
Peruvian central bank signs agreement to use India’s Unified Payment Interface
RBI holds rates as food inflation lingers
Normal monsoon could bring prices down, Indian central bank says
Housing price disparities complicate US monetary policy – research
Time-varying inertia in prices makes housing bubbles more unpredictable, Dallas Fed paper says
Clash between Yemen’s central banks escalates
Rival central banks issue retaliatory bans on transacting with financial institutions
Saudi Central Bank joins mBridge
Cross-border CBDC project with China, Hong Kong, Thailand and the UAE opens up further to private sector
ECB cuts policy rate by 25 basis points
Strong eurozone wage growth rules out commitment to further cuts, says governing council
Bank of Canada reduces rates by 25bp
Macklem says runway for a soft landing is in sight and policy is working
Economics is becoming exclusive, RBA official warns
Drop in diversity among Australian economists will hurt discipline, Jacqui Dwyer says
Turkish court challenges president over governor dismissals
Presidential adviser says Erdoğan will still be able to sack governors
How Argentina’s financial tango could become a dance of death
Central bank and government’s unholy alliance is storing up further trouble for economy
Oman central bank joins Afaq payments system
System is operated by company owned by Gulf region’s central banks
Atlanta Fed cuts second-quarter US GDP estimate
Bostic says “orderly slowdown” could be positive news
IMF’s Gopinath calls for international trade co-operation
US-China tensions have redirected trade flows, deputy director says