Central Banking
Open-ended mutual funds may destabilise markets, says IMF paper
Funds with daily redemption create “major potential vulnerability”, researchers say
Shevchenko denies fleeing Ukraine and denounces ‘campaign’ against him
Governor says corruption leak is a smear and political pressure forced him from office
ECB paper looks at Covid-19 emergency supervisory measures
Relaxation of CET1 requirements positively affected lending, but change to Pillar 2 guidance did not
Bank of Israel reserves drop by over $6.1 billion in September
Central bank’s portfolio has declined by almost $27 billion in 2022 amid market volatility
Colombian president criticises central bank’s rate increases
Finance minister argues tighter policy could bring recession without reducing inflation
Iceland’s MPC carries out ninth consecutive rate rise
Central bank slows tightening cycle amid signs inflation may be on downward path
Gilt market shock ‘far exceeded’ historical price moves – BoE’s Cunliffe
“It might not be reasonable” to expect funds to insure against all extreme outcomes, deputy says
Inclusive growth must come after price stability, says Fed’s Jefferson
First speech as a governor re-emphasised hawkish Fed statements forecasting slow growth
Central Bank of Kenya raises rate and denies FX shortage
New president nominates former governor Ndung’u to become finance minister
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