Central Banking
MAS embarks on retail CBDC study
But Singapore sees no pressing need for retail central bank digital currency, MAS says
BoE outlines new ‘tiered’ CCP supervision framework
Non-UK CCPs will be labelled Tier 1 and Tier 2 following ‘reliance assessment’
Romania continues monetary tightening
Central bank lifts interest rates by 25 basis points as inflation continues to bite
Lane makes case that inflation surge is transitory
ECB chief economist stresses weak mid-term inflation dynamics in the eurozone
Fed warns of China debt risks
Financial Stability Report mainly optimistic about systemic health, including housing market
Central bank signals could be impacting natural rate – BIS paper
“Learning process” could explain decline in interest rates without drop in productivity, authors say
Asset sell-off biggest threat to Chile’s financial stability – Marcel
Governor reiterates warning against further pension withdrawals
PBoC launches carbon-reduction monetary policy facility
Facility will offer low-cost loans for private firms investing in green projects
Tanzanian central bank announces loan crackdown
Central bank says “unscrupulous borrowers and employees” partly responsible for high NPL levels
Quarles will resign from Fed board at end of year
Former vice-chair for supervision had 10 years left as governor
BIS board reappoints Carstens as general manager
Luiz Pereira da Silva gets new term as deputy, and Stefan Ingves becomes vice-chair
Argentine central bank freezes banks’ FX purchases
BCRA order comes amid a falling peso, IMF talks and mid-term elections
German tabloids ramp up personal attacks on Lagarde
ECB board member Isabel Schnabel says “inciting hatred” is “unacceptable”
US adds more than half a million jobs in October
Unemployment falls to 4.6% as labour market perks up again
BSP sees no signs of capital outflow as Fed taper begins
Central Bank of the Philippines now mulling exit from its own purchase programme
Eurozone’s faster payments system to link with Singapore and Malaysia
Proof of concept is the next step of the BIS’s Project Nexus
Is the ECB policy framework suited to tackling higher inflation?
Officials and academics reflect on the two monetary regimes the central bank has faced since its creation
BoE to start greening its corporate bond holdings
Central bank will use new climate-focused methodology to rebalance portfolio later this month
People: ECB appoints new head of macro-pru
BIS names Innovation Hub directors; Bundesbank sends representative to Madrid; and more
NGFS’s climate stress tests bolstered by new macroeconomic modelling
NiGem model will help central banks better understand economic transmission channels
Global CBDC network could save multinationals nearly $100bn
Payments system could eliminate delays and need for multiple correspondent banks
BIS and HKMA conclude green DLT project
HKMA says it is considering pilot issuance of tokenised green government bonds
Fed’s gradual tightening could be boon for some, says Armenian governor
Central Asia faces inflation caused by enormous liquidity injected by advanced economies, says Galstyan