Central Banking
South Korean and Indonesian central banks hold rates
BoK says policy will remain restrictive for now, while BI highlights need to keep inflation stable
Banking deserts increase in ‘majority-minority’ areas of US
Dearth of facilities disproportionately affects non-white citizens and people with disabilities
Turkey’s digital lira to use ‘programmable payments’
Intermediaries will offer related services, though these may differ across providers
Carbon price has only ‘modest’ impact on inflation – IMF paper
Countries could use drop in energy prices to deliver on climate goals, authors say
Global house prices close to bottoming out, BIS stats show
Economists puzzle over absence of sharper correction
Thai PM calls for emergency central bank meeting to cut rates
BoT governor appears unswayed by call for monetary policy committee to meet ahead of schedule
US CBDC ‘could enhance dollar’s international role’
Fed research claims issuing digital currency could increase demand for dollars more generally
Inflation memories pass from parents to children – research
Fear of hyperinflation influences behaviour across generational divides
Bailey hints at possible outcome of Bernanke review
Bank of England may present range of scenarios around central forecast
China makes record cut to mortgage reference rate
PBoC unveils 25bp reduction in five-year LPR in further bid to revive flagging property sector
Nigerian president nominates seven MPC members
Central bank tightens currency restrictions as inflation continues to rise and dollar shortages continue
RBI extends deadline for Paytm to close lender
Central bank continues to target fintech for “persistent non-compliance”
Profit now key driver of inflation, BIS research finds
Recent surge in prices “fundamentally different” to that of the 1970s
PBoC holds key rate
China’s central bank refrains from further stimulus amid weak yuan
EU considering shift to T+1 or T+0 – Cipollone
ECB board member says markets are on brink of “significant shift” in digital settlement
Ethnic minorities ‘more likely to be homeless in US’ – Fed study
Point-in-time data shows Black and Native American citizens disproportionately affected
Unconscious bias ‘blights female economists’ career prospects’
Bank of Italy study examines impact of referral letters for male and female job candidates
India and Nepal to set up cross-border payments link
Project adds to growing list of similar bilateral initiatives in Asia
‘Brace, brace’: quants say soft landing is unlikely
Investors should prepare for sticky inflation and volatile asset prices as central banks grapple with turning rates cycle
Non-defence R&D spending ‘boosts US productivity’
Dallas Fed researchers find causal link between public expenditure on civilian projects and GDP
Nigerian authorities accuse ex-governor of $6m theft
Emefiele has denied all charges but prosecutors say cheque to president was forged
US sanctions firms for smuggling tech to Iran’s central bank
Central bank subsidiary that developed Iran’s digital currency platform among those targeted
Monetary tightening can reduce innovation, says RBA paper
Higher rates affect small Australian firms more than large ones, research finds
Philippine central bank holds rates
BSP warns against upside risks, despite receding inflation