Central Banking
PBoC to set up property bailout fund, reports say
Chinese central bank ‘to contribute at least $7.4 billion’ to aid crisis-hit housing sector
Denmark raises rates to maintain euro peg
National Bank of Denmark increases rates by 50bp as inflation rises to highest level since 1983
Powell divests municipal bond holdings
Fed chair acted early to comply in with new ethics code at Federal Reserve
Nepal hikes rates and constricts credit
Himalayan country confronts rising inflation and strained reserves
Sarb orders largest rate rise since 2002
MPC orders 75bp increase as currency weakens and inflation surges
Chinese CBDC should not be as anonymous as cash, says PBoC official
Mu Changchun says small digital wallets will allow anonymity, but says freedom needs constraints
DNB officials propose framework for central bank capital
Study offers central banks a guide to the complexities of latent risk and independence
Eurozone debt likely unsustainable without QE – BIS paper
Authors find benefits of ECB’s PEPP extend beyond the end of the bond-buying programme
Markets likely to test ECB’s anti-fragmentation tool
ECB could struggle to avoid political disputes over TPI instrument, some observers warn
Papua New Guinea raises rates for first time since 2011
Rising inflation prompts first move in more than two years
Uzbekistan lowers key rate by 100bp
Central Asian country follows Russia in reversing rate increases from start of invasion of Ukraine
Indonesia keeps benchmark rate unchanged
Strong export growth and stable rupiah gives Indonesia room to hold rates, analysts say
CBDCs could limit bank runs, US paper argues
Digital currency could make policy-makers better able to handle banking panics, say researchers
ECB surprises markets with a 50bp rate hike
Central bank unveils new instrument to prevent sharp increases in sovereign bond spreads
US inflation: it’s mainly global
Steve Kamin analyses the pre-existing conditions that impacted inflation in the US and elsewhere
Poland law would fund coal benefit with central bank’s profit
National Bank of Poland remitted 95% of profits to government in 2020
UK government proposes ‘competitiveness’ mandate for BoE
Measure proposed despite IMF warning that it could clash with financial stability mandate
Bank of Japan holds rates and increases inflation forecast
MPC predicts inflation will reach 2.3% this fiscal year but then fall back below target
Zimbabwe authorities demand businesses use official rate
Central bank financial watchdog threatens enforcement “blitz”
Nigeria raises policy rate by 100bp
MPC cites external tightening and conflict as sources of rising inflation
Fed faces years of losses as interest rates rise
QE brought major interest rate risk onto central bank’s balance sheet
Endlessly interim? The struggle to appoint top US regulators
Two-year OCC vacancy is not that unusual in US system, but it may hamper initiative
China holds key lending rates
PBoC continues to diverge from counterparts overseas as it sticks with easy policy
Australian government to review RBA mandate and governance
Review will look into the board structure and performance, after RBA suffers criticism over policy choices