Central Banking
BoE partners with MIT on CBDC
Bank of Canada and the Boston Fed have also teamed up with MIT on research projects
Systemic stablecoins may not need ‘bank-style’ resolution – BoE
Non-bank stablecoins set for “tailored” regulatory regime under plans by UK policy-makers
Thailand’s SEC bans crypto payments
BoT proposes limits on banks’ digital asset investments
Reserve Bank of India launches innovation hub
Central bank subsidiary tasked with “accelerating innovation” across the financial sector
Albania orders first rate hike in 11 years
Increase of 50 basis points returns policy rate to pre-Covid level
Bank of Russia fixes gold price and increases loans
Central bank announces new emergency measures after fresh round of US sanctions
Honduras central bank warns on bitcoin again
Central American country will not follow El Salvador in making bitcoin legal tender, BCH says
SNB keeps rates at -0.75% but increases inflation forecasts
War in Ukraine is boosting inflation through higher oil and other commodity prices, SNB says
López Obrador apologises for leaking rate rise
Mexican president’s announcement had stoked new fears about the central bank’s independence
Argentina orders 200bp rate increase, to 44.5%
Tighter monetary policy is in line with IMF deal, while neighbour Paraguay makes 50bp hike
Mexican president leaks news of central bank’s rate hike
López Obrador reveals 50bp rise hours before monetary policy announcement
Ida Wolden Bache becomes Norges Bank governor as MPC raises rates
Jens Stoltenberg steps down from role due to Ukraine crisis
RBI paper finds high market power can undermine bank stability
Author documents “inverse U-shaped” relationship, suggesting only some mergers are desirable
US’s Rouse optimistic on inflation outlook
Chief economic adviser says food production can do more to raise supply than in energy industry
Barbados to make switch to polymer
Redesigned banknotes will circulate by end of year, says governor
Putin demands export payments in rubles
Central bank governor Elvira Nabiullina reportedly tried to resign after invasion but was told to stay by Russian president
Project Dunbar raises ‘more questions than answers’
BIS’s multi-CBDC project focused on qualitative benefits and trialled small-scale cross-border transfers
Riksbank may need to raise interest rates earlier – Anna Breman
Deputy governor warns inflation is likely to continue to rise due to Russia’s invasion of Ukraine
Korean president names new central bank governor
Rhee Chang-yong is currently IMF Asia-Pacific director
Central Banking Awards 2022: second tranche announced
Awards published today include capacity building, communications, website and global markets
Powell: ‘nothing’ in the way of a 50bp rate hike
Fed chair is hoping to even out supply and demand imbalances in the labour market
Lebanese judge brings corruption charges against governor
Salameh denies all wrongdoing as his brother is transferred to another judge’s custody
Moldova hikes another 200bp as inflation spirals
Central bank has raised rates nearly 10 percentage points, but inflation is surging towards 20%
Central bankers see ‘potential’ in stablecoins
But John Williams, Cecilia Skingsley and Perry Warjiyo warn such systems must be better regulated