Central Banking
AI could fundamentally alter market dynamics – Fed study
Tech is not purely algorithmic as it has inherited human biases, say authors
Waller praises DLT, AI and stablecoins for payments
Governor says there is nothing to fear from new technologies or payment providers
Eurozone payment systems not ready for quantum – research
Bank of Italy paper calls for more robust cryptographic algorithms and quantum roadmaps from suppliers
EMs can adopt higher inflation targets – BoE Bulletin
Authors say more elevated goals reflect economies’ faster growth and susceptibility to supply shocks
Australia leaves policy rate unchanged, as expected
Governor says policy a little restrictive, while RBA notes slightly higher-than-forecast inflation data
ECB’s Evelien Witlox on design choices for the digital euro
The digital euro’s program director speaks about holding limits, waterfall arrangements, programmability, blockchain usage and offline ‘secure elements’ for cash-like exchanges
Ex-BdL governor released on bail after year in detention
Riad Salameh, former head of Lebanon’s central bank, was arrested over corruption allegations
ECB sheds light on uses for a digital euro
‘Sandbox’ participants speak of largely positive experiences with prototype CBDC
Swift to build blockchain-based global payments infrastructure
Partnership with 30 banks will be ‘pivotal’ for global finance, payments messaging network says
ECB and SNB explore linking payment systems
Feasibility study will run through 2026, central banks say
China reaffirms ‘moderately loose’ monetary policy path
PBoC flags risks from global fragmentation, as concerns remain about growth and price levels at home
BoJ’s Noguchi says need to adjust rate increasing ‘more than ever’
Member of central bank’s policy board says Japan on way to achieving 2% inflation target
DFAST monoculture is its own test
Drop in frequency and scope of stress test disclosures makes it hard to monitor bank mimicry of Fed models
Logan says FOMC should cut ties with federal funds rate
Dallas Fed chief says repo markets are better alternative to ‘outdated’ target
Banxico cuts rates by 25bp to 7.5%
Mexican central bank follows in Fed’s footsteps and signals intent for more easing
Merz backs using Bank of Russia funds to help Ukraine
Frozen central bank assets could collateralise €140bn interest-free loan, says German chancellor
Bank of Mauritius appoints its first female governor
Bank hopes to put turmoil behind it with appointment of IMF economist Priscilla Muthoora Thakoor
IMF paper draws lessons from Sri Lanka’s debt restructuring
Country sought to negotiate simultaneously with array of creditors, while executing reform plan
PBoC accelerates offshore bond market expansion
Yuan is attractive diversifier amid trade and political tensions, deputy governor says
Central Europe’s central banks hold rates
Switzerland, Czech Republic and Hungary keep policy steady
Trump’s shadow looms over review of regional Fed heads
Experts say president could use process to further erode bank’s independence
Ex-BCRA governor: Argentina was not ready for volatility
But tax exemption on exports and US support have bought Milei time until October poll, says Redrado
Fiscal dominance: are central banks about to be Trumped?
Jagjit Chadha highlights the danger of an ‘upper bound’ on interest rates as fiscal strains grow
ASX risk management still not up to scratch, says RBA
Australian central bank says exchange has “considerable work to do” after Chess settlement incident