Central Banking
Bank of Korea continues rate pause
Central bank cites ‘uncertainties’ in deciding to hold
Default fears loom over Country Garden
The Chinese developer reportedly missed a final deadline to repay $15.4 million in interest
Egypt restricts foreign currency credit card payments
The move comes after the central bank restricted debit card use abroad
Carstens: Regulatory performance during banking crises was ‘mixed’
BIS general manager emphasises role of supervision in preventing bank failure
CPMI seeks better governance of fast payment links
Committee embarking on project to build supporting framework for FPS links
Yes, Argentina can replace the peso with the US dollar
Steve Hanke and Matt Sekerke explain how dollarisation can succeed despite the BCRA’s limited reserves
Riksbank’s Flodén says inflationary pressures are too high
Weak krona may explain higher price increases, says deputy governor
Chile central bank acknowledges ‘very important depreciation’
Issue will feature at next week’s monetary policy meeting
UK researchers propose 3% inflation target and negative rates
Inflation stalls at 6.7% in September, the same figure as in August
Bank Indonesia resumes tightening to stabilise currency
Central bank to issue FX-denominated notes to attract capital inflows
EU council appoints Buch head of ECB’s supervisory board
German official will replace Andrea Enria on January 1 for a five-year term
Philippines’ Marcos pledges SWF will still go ahead
Government puts implementation rules on hold, but president says it will open by year’s end
Central banks must brace for another energy shock
Conflict between Israel and Hamas adds to the risk of inflation and recession, says Paul Mortimer-Lee
ECB launches digital euro preparation phase
Phase includes CBDC rulebook and selection of providers, as well as testing
Argentine candidate promises opposition seats on BCRA board
Massa promises to renegotiate IMF loan as country heads to the polls on October 22
RBA staff considering industrial action over salary increases
Central bank offered a 11% pay rise over the next three years, but union says it is not enough
PBoC asks banks to roll over local government debt
Major lenders reportedly told to extend loans to local government financing vehicles at lower rates
DeFi could improve payments and settlement – BoC research
Inefficient legacy systems hamper the smooth completion of these operations
BoE should ‘step up’ data analysis, review says
Independent Evaluation Office urges central bank to embrace cloud and explore AI
Ring-fencing protects retail banks, but lowers total equity value
BoE research finds concentrating risks in one group of banks depresses asset prices
Paper explores shifting drivers of Beveridge curve
Authors say job openings and unemployment data are not enough to judge prospects of a soft landing
Global big tech regulation needed, says BIS paper
Researchers advocate for an activity-based approach as big tech overtakes fintech in some economies
Brazil board united on continuing easing with 50bp cuts
Deputy governor says “there is no predefined target for Selic” rate