Central Banking
Sweden cuts rates while Norway holds
Norges Bank warns slowing disinflation may mean maintaining rates for longer than it expected
Central banks prepare for the rise of AI
AI will not replace accountability in monetary policy decision-making, MAS chief says
Ukraine’s central bank lifts more currency restrictions
Moves will enable more investment and strengthen economic recovery, NBU says
RBA keeps policy rate unchanged amid sticky inflation
Central bank raises inflation forecasts, as inflation declines more slowly than expected
Bundesbank’s Nagel: central bank business models are changing
Panetta says wholesale CBDC likely to launch sooner than retail; Das gives update on digital rupee
Banxico paper probes forced labour’s lingering effects in Ecuador
High forced labour involvement is associated with decreased descendants’ income
DNB surveys Dutch consumers on CBDC use
Half of the population would not open CBDC current account, study finds
BdF governor: ‘We will need a CBDC’
European central banks should not “lag behind” on CBDC and AI, says François Villeroy de Galhau
Asean+3 to launch new financing facility
Thirteen Asian states say fund will deal with exogenous shocks’ effects on balance of payments
Turkey official inflation surges to nearly 70%
Finance minister Şimşek says inflation will peak in May and then decline
Retail CBDC complexity may discourage adoption, says research
Kansas City Fed author argues Caribbean CBDCs have struggled to add value
Danish central bank warns over interest-only mortgages
Amortisation requirements for “riskiest loans” may reduce housing volatility, report says
Neutral interest rates at pre-pandemic levels, Bank of Canada finds
Nominal neutral interest rates in both countries sit between 2.25% and 3.25%
RBA report looks at cross-border payments
Multilateral platform would be more scalable than bilateral links, Australian central bank says
Binance founder sentenced to four months in prison
Nigerian court adjourns separate money laundering case against the crypto exchange
Czech National Bank cuts rates by 50 basis points
Central European country follows in Hungary’s footsteps in easing
UK banks earn over £9bn interest on reserves with BoE
Higher interest rates present banks with bumper earnings
Former head of PBoC’s digital currency arm under investigation
Probe comes after Beijing launched a three-month anti-graft inspection
Oil shocks can be identified in real time, paper says
Bank of Italy researchers’ model identifies demand and supply shocks from daily data
Fed holds rates as it struggles with inflation’s last mile
Experts disagree over risks of rising inflation and difficulty of Fed’s position
Day-to-day payments too reliant on big tech – BdF deputy
Digital euro will not create a European ‘Big Brother’, Denis Beau says
Sri Lankan inflation rises in April
Foreign exchange reserves rose as a result of central bank intervention
Growth to slow in Asia-Pacific this year, IMF says
Fund cites ageing populations and lower productivity
BoJ considers allowing external access to CBDC data
Digital yen API sandbox launched in April