Central Banking
HKMA awards Hong Kong’s first stablecoin licences
HSBC and Standard Chartered-backed JV to mint HKD-denominated assets from mid-2026
IMF’s Georgieva sees value in ‘waiting and watching’
Central banks should ‘step in firmly with rate hikes’ if expectations de-anchor, MD says
BoK holds as energy prices drive up inflation
Governor expects ‘considerable’ wait before supply chains return to pre-war levels
Regulators having to abandon silos in age of AI, says tech exec
Central Banking Meetings hear how technological revolution is shaping supervisors’ responses
The role of high-denomination banknotes
High-value notes are an important store of value and remain in demand during crises
Poland and Serbia hold rates
Both central banks cite effects of Middle East conflict in explaining policy decisions
Kenya ends easing cycle with rates hold
Central bank adopts wait-and-see approach amid uncertainty over Iran conflict
Central bankers highlight insider threats to cyber security
Due diligence, including into third parties, is essential to mitigating problem, panellists say
Olli Rehn on demographics, geopolitics and ECB policy
The Bank of Finland governor speaks about immigration and productivity, private credit and stablecoin risks, the mood on the governing council and the impact of conflict in the Middle East
Governor says RBNZ will tighten policy if inflation rises
Central bank holds and offers ‘uncertain’ estimate of inflation being well above target
BoT likely to hike rates if others do, says assistant governor
Don Nakornthab says Thailand’s low inflation means tightening would also come later than elsewhere
Geopolitics voted top risk among reserve managers
Reserve Management Trends survey finds preparations made in peacetime are being put to the test
RBI holds rates amid uncertainty over Middle East conflict
Bank acknowledges risks to inflation and growth, but says India is well placed to withstand shocks
Algorithmic pricing not yet a ‘menace’ to inflation – BoE study
Dynamic and personalised pricing may upend CPI measurements and expectations, research says
Central bankers test AI’s ability to detect systemic risk
Innovation leaders tell Central Banking Meetings that information silos still pose challenges
FX interventions are about smoothing volatility – panel
Speakers at Central Banking Meetings also discussed reserve composition and transparency
Crypto assets behave more like investments than money – study
Most owners are not using securities for payments and turn to cash in times of uncertainty
Tariffs will do little to change trade imbalance – IMF
Surplus and deficit countries must pursue structural polices to rebalance global economy, fund says
Central banks face ‘double whammy’ from Iran war
Policy-makers will have to tackle impact of higher inflation and greater fiscal stimulus
Iran war has triggered ‘peak’ FX volatility, say reserve managers
Officials tell Central Banking Meetings that oil supply shock is on its way
Banque de France made €11bn by ‘bringing gold up to standard’
Exchanging lower-quality NY bullion for higher-spec European bars led to ‘exceptional’ capital gain
Geopolitics and debt are headwinds for dollar – Hammack
Cleveland Fed president says greenback’s long-term pre-eminence cannot be ‘taken for granted’
NY Fed blog explores two sides of monetary policy
Short-term rates and balance sheet size both strongly affect money market conditions, study finds