Central Banking
Anchor tokenisation in central bank money, says BIS’s de Cos
General manager uses Jackson Hole speech to champion tokenised deposits and reserves over stablecoins
Warsh declines to outline Fed’s reaction function
Chair tells Jackson Hole that ‘humble, never naïve’ approach will work and assesses US economy
Energy shock causing limited economic harm – study
Belgian central bank blog warns current buffers may fail to keep global economy afloat if Iran war continues
Botswana keeps rates steady, Rwanda hikes by 50bp
Rising inflation drives east African nation to raise bank rate to highest level since 2009
Tonga holds rates amid ongoing monetary policy reform
Pacific island’s central bank says inflation is running hot due to external price shocks
Indonesian lawmakers approve Damayanti as BI governor
Parliament also confirms deputy governors, with formal appointments set for next month
Low inflation depends on sound markets – SNB’s Martin
Bank’s vice-chair argues monetary policy and financial stability ‘reinforce each other’
Colombian reserve requirements impact settlement timing – paper
Cut contributed to ‘pronounced shift’ towards late-day settlement, authors say
Will Kevin Warsh’s communications gambit pay off?
Fed chair believes less is more with comms, but experts say time is ticking on his credibility
Law to reform Argentina’s central bank passes lower house
Limits to indirect Treasury financing among measures that should be added to bill, says ex-BCRA chief
EU foreign ministers renew prospect of Russian asset seizure
Letter acknowledges solution cannot place undue financial risks on any member state
Philippines tightens policy as inflation fight continues
Analysts believe decision marks end of BSP’s current policy cycle
BoK delivers second consecutive rate hike
Central bank forecasts stronger growth as inflation remains above target
The implications of AI on monetary policy
AI advances represent a demand pressure today and a potential positive supply shock tomorrow, argues the National Bank of Romania’s Leonardo Badea
Hungary cuts rates as inflation hits lowest level in nearly a decade
Monetary policy council votes to reduce base rate to 5.5%, extending easing cycle
Paraguay holds rates for sixth time in a row
Central bank expects inflation, currently below target, to gradually increase to 3.3% by end of year
Thailand holds at 1%, as economists expect lengthy pause
Unanimous decision comes amid continued sluggish growth and higher inflation forecast
How credible is Venezuela’s debt restructuring?
Aggressive timetable and lack of IMF involvement raise feasibility concerns for restructuring up to $240 billion of debt
Financial inclusion improving in Tajikistan, says World Bank
Country head says institution’s partnership with central bank is also improving corporate governance
Exim shutdown stymied US firms’ export earnings – paper
Shutting down export credit agency led to large capital misallocation, Atlanta Fed researchers say
CPI quirk helps explain low Swiss inflation, says SNB’s Tschudin
Central bank official shares her views on monetary policy strategy
Brazil’s central bank governor warns of credit growth risks
BCB says household delinquencies remain at historically high levels
Visa joins MAS’s Bloom
Payments router announces participation in multi-currency tokenised deposit and stablecoin project
RBA says supply of reserves is still higher than demand
Transition from central bank-driven approach towards market-led system is ongoing, official says