Central Banking
Peru holds policy rate amid election battle
Likely winner of presidential election says he “respects autonomy” of central bank
US CPI inflation reaches 5%
Figures follow predictions of “transitory” inflation rises by senior Fed officials
DNB study finds Dutch expect to carry on using cash
Although payments are increasingly carried out by electronic means, citizens continue carrying cash
Germany facing ‘strong upswing’ – Bundesbank
Central bank revises 2021 GDP growth forecast from 3% to 3.7%
Basel Committee proposes strict treatment of crypto asset exposures
Crypto assets such as bitcoin will face risk weight of 1,250%
People: MAS’s Menon reappointed until 2023
Norges Bank appoints deputy to supervise SWF; Bahrain’s leader makes son deputy governor; RBI deputy reappointed
BIS and French and Swiss central banks announce joint CBDC project
Project Jura will link national CBDC initiatives in bid to facilitate cross-border payment
Mexican president names finance minister to head central bank
López Obrador nominates long-term ally after frequent clashes with current governor
ECB maintains high rate of bond purchases
Lagarde says eurozone inflation likely to rise in autumn but fall at start of 2022
Global recovery is ‘double edged’ for EMEs – Carstens
“Too soon” to say whether inflation will be sustained but markets may overreact, says BIS chief
How derivatives can add value to modern reserve management
Policymakers make the case for central bank portfolio managers to use options to boost income
Central bank profits under pressure
The structure of a central bank’s portfolio and its relationship with shareholders can affect shock-absorbing capital and the amount of profit distributed
Lithuania cancels firm’s licence over alleged Wirecard money laundering
Fintech business committed “severe infringements” in dealings with collapsed German firm – central bank
Riksbank proposes framework to improve parliamentary scrutiny
One possibility is to create a permanent body to brief the parliamentary finance committee
Ailing Suriname floats its currency
Defaulting country holds debt talks as inflation and corruption take toll
Economists win prize for agent-based forecast model
Authors say theirs is the first agent-based model to produce competitive economic forecasts
Sarb paper questions assumption that government debt is low risk
Banks may need to reduce exposure to sovereign debt instruments as fiscal risk rises
IMF sees scope for unconventional monetary policy in Thailand
Yield curve control with forward guidance might be the best option for BoT, fund says
A chemical engineer walks into a bank
Mónica Fernandes, head of the quality and counterfeit analysis division at the Bank of Portugal, explains why it is just as important for central banks to employ scientists as to employ economists
Singapore banks step up their game against internal fraud
Firms respond to MAS warnings about the dangers of remote working spurred by Covid
ECB poised to clarify tapering of PEPP purchases
Analysts agree central bank views higher inflation as transitory and will maintain rate of purchases
Policy-makers debate central banks’ role in tackling climate change
Some see central banks as important co-ordinators; others warn they could overreach
US court throws out suit against fintech charters
Judges dismiss challenge to Comptroller of the Currency on procedural grounds
BoE outlines climate stress tests
Tests planned as “learning exercise” and will not be used to set capital requirements