Central Banking
Brazil’s Pix gaining prominence in B2B transactions – report
Small businesses increasingly using platform for procurement, study from fintech company finds
Price change frequency upped inflation post-Covid – study
Size of individual changes had same effect on overall prices as during normal times, ECB paper finds
Brunei to focus on Islamic and sustainable finance
Central bank says it has no plans to introduce a CBDC or stablecoin regulations
Models need rethink due to effect of global shocks – paper
Central banks can no longer assume shocks are ‘temporary, linear and symmetric’, authors say
Banque de France governor unexpectedly steps down early
Villeroy de Galhau to take on new role at non-profit foundation
China goes long gold, short Treasuries
Bullion-buying spree continues, but banks told to limit purchases of US government debt
Dollar will remain core to global finance – Saudi governor
US currency maintains strong liquidity and robust legal framework despite “hiccups”, says Sayari
China says tokenisation illegal under existing framework
PBoC and agencies update 2021 crypto guidelines to place restrictions on real world assets
Nexus picks operators to build and run ‘network of networks’
CEO expects global scalability following launch of multi-country fast payments linkage
Ken Rogoff on the dollar’s role in a fractured world
The former IMF chief economist speaks about Trump, central bank independence and the $20 trillion underground economy
RBI keeps policy steady
Policy committee takes positive view of inflation and growth outlook, despite some external headwinds
World will choose dollar stablecoins over CBDCs – Bessent
Treasury secretary expects private sector option to be “important source of funding” for US government
Cook links stubbornly high US goods prices to Trump’s tariffs
Fed governor, still fighting attempted dismissal, laments stalling of progress on tackling inflation
Czech National Bank holds rates
Sub-2% inflation does not warrant policy loosening, central bank says
This is not quite Japan’s ‘Truss moment’ – ex-BoJ board member
Experts add that central bank is unlikely to have to intervene directly in sovereign bond market
Tech issue caused RBA systems outage, says Bullock
Australian governor apologises and says payments failures were ‘not acceptable’
ECB holds rates again, despite below-target inflation
Lagarde says bank will not be forced into precipitate easing by January’s 1.7% figure
Full ‘postmortem’ on QE yet to be written – Klaas Knot
Former DNB governor expects Fed to continue international monetary diplomacy under Warsh
Lenders use strict covenants to hedge against rate hikes – study
US banks exposed to policy volatility use breaches to cut lending in tightening cycles, authors say
BoE holds rates at 3.75% in yet another close decision
Good progress on disinflation and weak labour market open door for cut in March
BoK and BI’s QR payments link to come online in April
South Korea and Indonesia also renew $7.3bn currency swap agreement for five years
MAS says support for IMF’s anti-poverty work aids stability
Central bank to provide $36.9m to aid fund’s work in Sudan and other underdeveloped countries
BIS paper models fiscal influence on monetary policy
Researchers propose alternative mechanism to fiscal theory of the price level
EU banks need more control over their data – DNB board member
Chair of supervision says tech, finance and public sector need to work together to reduce dependencies