Central Banking
Central Bank of Tunisia to lend up $2.2 billion to government
Loan amounts to around 28% of the central bank’s foreign currency reserves
Pan: PBoC will continue ‘supportive’ policy next year
Central bank also expands M1 definition as governor Pan Gongsheng signals continued stimulus
South European states benefited most from NGEU – ECB
Recovery and resilience facility’s structural reforms expected to pay off in the long run
‘Financial conditions targeting’ could help stabilise output – paper
“Risk-centric” New Keynesian model highlights benefit of acting on financial conditions
Digital euro’s ‘cash-like privacy’ hinges on offline functionality
Update report notes disagreement between banks and consumer representatives on key design aspects
Bank of Uganda launches investigation into $17m ‘hack’
Central bank declines to comment on millions of dollars reportedly stolen via diverted payments
Pandemic macro-pru in Africa was effective – FSI study
Paper from Basel-based institute says relaxing macro-prudential requirements can boost bank lending
Market-based systemic risk metrics ‘crucial’ for supervisors
Paper finds measures are effective at predicting crises in the US over a long period
BoE stress test highlights liquidity risks in non-banks
“First-of-its-kind” scenario exercise reveals how repo financing could be insufficient during shocks
BoJ considers parallel processing in CBDC design
Central bank adds two new working groups to its preparations for digital currency pilot programme
Australian parliament passes bill to reform RBA
Bank’s board to be split into two groups covering monetary policy and governance
Norway joins Target instant payments system
Country becomes first non-EU member to settle payments in Tips
Basel Committee examines use of CCyBs across jurisdictions
Report highlights how more jurisdictions are implementing positive neutral buffer rates
Hungary’s PM chooses finance minister as MNB governor
Appointment of Mihály Varga likely to improve bank’s relations with government after recent tensions
Cross-currency letters of credit gaining popularity in Asia
Divergent central bank policies see CNH LCs increasingly used to cover USD invoices
Trials pick holes in retail CBDCs’ privacy technology
Report by central banks says shortcomings in design features could stymie implementation
Keep liquidity provision loose during shocks – ECB study
Central banks can lessen harm to economy by reducing liquidity premium, say authors
FSB praises Brazil’s efforts to supervise investment funds
Review points to progress in limiting leverage but says regulatory body needs more staff
BoK makes surprise 25bp cut to base rate
Majority of monetary policy board decides risks to growth warrant loosening in policy
NBER paper offers ‘unified theory’ of liquidity traps
Researchers ask whether major economies are doomed to return to zero lower bound
PM ‘overruled MNB building’s heritage status’ – whistleblower
Governors’ meeting prompted expedited approval for panorama deck on listed site, says former official
Bank of Lithuania steps up AML/CFT measures for crypto
Bank to co-operate with financial crime investigators to oversee ballooning digital assets sector
FinTech & RegTech Global Awards ceremony honours innovators
SNB picks up Global Impact Award, while Bank of Namibia wins Pioneer Award
Imported inflation waning but still present – BoE’s Dhingra
MPC member tells panel that another energy shock could still trigger renewed price hikes in UK