Central Banking
ECB should raise rates to neutral ‘without hesitation’ – Villeroy de Galhau
Banque de France governor expects energy prices to have peaked in September
Ukrainian governor Shevchenko resigns
Governor says he is quitting for health reasons as Gontareva says possible successor is unqualified
RBNZ delivers fifth half-point rate increase in a row
Policy-makers signal more rate hikes to come
Philippine central bank warns against currency speculation
BSP issues warning after peso touches an all-time low
Rates round-up: RBA tightens policy 25bp
Plus rate increases in India, Israel, the Dominican Republic and Jamaica
BoE emergency bond purchases drop to zero
Central bank had offered to buy £5 billion per day, but actual purchases have been much smaller
BIS project seeks better historical statistics
Collaboration between BIS, central banks and academia aims at better understanding of economic history
UN body warns central banks could set off global recession
UNCTAD report calls for price controls rather than rate hikes
Russia’s Mir forced into retreat
Banks and payment systems across Asia banish Russian cards after US warnings
US imposes sanctions on Russian governor
Treasury says Nabiullina and other officials have facilitated Russian invasion of Ukraine
Fed announces climate test for some large banks
US central bank will test six major banks but says results will not have capital consequences
Finance minister becomes new Guatemala governor
Gónzalez replaces Recinos, who had led the Bank of Guatemala for seven years
China rolls out new measures to boost housing demand
Authorities lower mortgage rates and offer a tax incentive for new home purchases
US and Korea agree to set up liquidity facilities if necessary
It is still unclear whether the facilities would involve a currency swap line
China, Hong Kong, Thailand and UAE complete cross-border CBDC test
Bank for International Settlements co-ordinated the trial on its mBridge platform
Israel, Norway and Sweden to link CBDCs in BIS project
Trial will test international retail and remittance payments
Eurozone inflation reaches new record level
Energy prices are still main driver but eurozone’s core goods inflation also rose
Bank of Mexico raises rates 75bp for third time
Banxico raises inflation forecasts as analysts say it is likely to continue following Fed
Colombia orders ninth consecutive rate increase
Inflation rises above central bank projections as finance minister expresses frustration
Charles III coins will circulate by end of year, says UK mint
New king will appear on 50 pence coin and commemorative issue
PBoC allows some cities to cut mortgage rates for first-time buyers
One-third of China's largest cities will qualify for new arrangement, analysts say
French Pacific monetary authority raises rates
IEOM orders 75bp increase in deposit rate to combat inflation
BoE becomes reluctant market-maker of last resort
Gilt market turmoil has again forced the BoE to intervene. Is there a better way?
Regional Fed presidents signal resolve and acknowledge recession risks
Fed’s Collins, Mester, Bullard, Evans, Kashkari and Daly speak on the path ahead for policy