Central Banking
Federal Reserve delivers first rate hike since 2023
FOMC expects policy to remain around 4.1% for 2026–27 and inflation to reach 2% by 2029
US Clarity Act fails again in Senate
Democrats win over Republicans to oppose Trump-backed crypto bill
ADB offers $5bn to alleviate energy and fertiliser crisis
Institution says funds will be delivered on selective and demand-driven basis
Deregulation weakens resilience, does not spur lending, says Buch
ECB supervisory board chair calls for more ‘watchers’ of bank regulators
Japan and Malaysia to promote direct yen-ringgit settlement
BNM and BoJ also double size of swap line to $6bn
Ukraine’s ESG lessons from a war zone
NBU governing council member Olena Shcherbakova speaks about how environmental, social and governance rules can be adapted for dual-use and defence requirements
Kosovo joins ECB’s enhanced repo facility
National central bank says inclusion provides ‘additional layer of resilience’ for financial system
From Pillar to Pillar… to post: where now for op risk in Europe?
Experts think enhanced Pillar 2 charge informed by Dora would be more useful than a blunt Pillar 1
Time to be ‘amateur geopolitical analysts’ – ex-Obama adviser
Lazard CEO Peter Orszag says era of ‘supply side 2.0’ requires cross-disciplinary approach
Venezuela implements minimum interest rates on bank deposits
Central bank says move will encourage people to hold more money in local currency
Dollar losing ‘convenience yield’ outside US – NBER paper
US-based investors favouring repo over Treasuries, authors find
Geopolitical tensions raising rate hike expectations – BIS
Quarterly review highlights new communication challenges for central banks
Middle East conflict will prolong inflation shock, Lagarde says
ECB chief warns AI is also driving long-term funding costs for governments
Increasingly uncertain outlook prompts Pakistan to hold
Inflation rises but fiscal consolidation is above target, central bank says
Japan’s CBDC pilot far from ready for mass adoption – BoJ
Central bank says building digital currency for public use will be much harder than testing
Treasury buyback risks a (collateral) chain reaction
Rebalancing of bond tenors could stretch collateral links to breaking point, argues economist
SNB’s hikes swing expectations, but its cuts do not – study
Swiss households respond to tightening and holding, but loosening fails to shift views
Brics governors announce central bank capacity-building hub
Focus will be on sustainable finance, cyber security and AI
Turkey holds rates for fifth consecutive meeting
Expert says conditions are ‘falling into place’ for rate cut next month
Peru holds as inflation risks from Middle East war loom large
Central bank also cites El Niño climate phenomenon as upside risk to price growth
MNB governor signals cautious optimism over euro adoption
Hungary has to overcome ‘pessimism’ if it wants to join currency union, says Varga
PRA struggles to follow Fed’s FRTB modelling moves
Market risk experts say minor differences in US rules add up to more incentives for IMA adoption
ECB implements second 25bp hike of year
Bank says second-round effects have yet to show up in wage data as energy inflation spikes to 14.2%
Lagarde and Nagel make renewed calls for European unity
ECB and Bundesbank presidents say continent risks losing ground without further markets integration