Central Banking
Venezuela launches $150bn debt restructuring process
Government looks to rework both sovereign and national oil company’s debt
Turkey raises inflation target to 24%, citing war risks
Central bank will maintain ‘tight policy stance’ until price stability is achieved, says governor
People: DNB governor to chair NGFS
Plus: Sarb appoints new chief economist and Belgium’s queen visits CBRT in Istanbul
BoJ’s Masa calls for tightening at ‘earliest stage possible’
Board member indicates conditions for rate rises are forming as inflation approaches 2% target
Kristin Forbes on ‘wargaming’ for the next crisis
The MIT professor and former BoE MPC member speaks about QE, scenario analysis and the art of conducting monetary policy in the ‘fog of war’
Leading central bankers defend frameworks amid ‘polyshock’
Panellists at SNB-IMF event say policy-makers should remain cautious in face of uncertainty
Pakistan’s central bank receives $1.3bn in IMF assistance
Fund says authorities need to maintain strong macro policies and accelerate reform efforts
Dollar’s centrality in FX markets makes it more volatile – study
Greenback’s use as ‘vehicle currency’ makes it more sensitive to external shocks, economists say
Former RBA officials say budget offers no inflation relief
Economists say Australian spending plans will create modest fiscal expansion with some upside risk
BoE’s Woods praises competition mandate for regulators
Edict has helped UK central bank facilitate new entries into banking sector, PRA chief says
Busting Mythos: how Europe is responding to the latest AI model
Experts emphasise heightened importance of focusing on basics
G7 central banks warn quantum is in ‘early stages of experimentation’
Readying financial system for Q-day is ‘not a simple substitution exercise’, say authorities
Libya governor calls for clampdown on parallel FX market
Call is likely to be linked to central bank’s recent sale of cash dollars, expert says
BIS announces board changes
Panetta elected chair, plus new roles for heads of RBA, BCB, BoJ and BoK
US Senate advances Fed chair nomination for Warsh
Separate vote confirming appointment expected later this week
AI, geopolitics, crypto among top AML worries – EU report
Boundary between fraud and money laundering ‘increasingly blurred’, says Amla
PBoC expected to remain on hold following healthy PPI rise
China’s producer price inflation climbed out of long decline to 45-month high in April
Bulgarian lessons from entering the eurozone
Sofia’s uneasy membership in the currency bloc, five months in
People: Macron nominates ex-chief of staff to take over at BdF
Plus: BoJ appoints new head of international affairs, and MNB deputy joins EBA board
AI might raise r* due to wealth effects – Goolsbee
Impact on natural rate depends on whether productivity growth comes as surprise, says Chicago Fed president
Tokenisation no substitute for trad-fi infrastructure – Cook
Fed governor highlights technology’s benefits for emerging economies but signals finstab risks
Case for euro stablecoins ‘weaker than it appears’, says Lagarde
ECB president says settlement in tokenised markets must be anchored in central bank money
UK needs closer EU ties in multipolar world – BoE’s Bailey
Governor urges greater support for multilateral institutions to solve growing global imbalances
BNM and BI boost co-operation amid ‘challenging’ geopolitics
Banks say agreement aims to promote regional stability and sustainable growth