Central Banking
Georgian governor appointed on permanent basis
Natia Turnava had been acting governor since June 2023 due to political opposition
PBoC appoints Zou Lan as deputy governor
Former monetary policy department head will become youngest member of China’s central bank board
Treasury officials charged over Bank of Uganda hacking
Ministry’s top accountant among those accused of corruption and abuse of office
Bangladesh pauses interest rate hikes
Central bank says it expects inflation to reach target by June
FSB: big banks could be sidelined from future rescue deals
Exacerbation of too-big-to-fail means G-Sibs could already be too large to take extra assets
Central bankers from Americas respond to Trump’s tariff shock
Canadian, Mexican, Colombian and Fed governors speak of post-Covid realities at BIS conference
RBI eases policy by 25bp as part of efforts to spur growth
Bank makes first rate cut for nearly five years, despite inflation being above target
CNB cuts rates by 25bp as it revises growth forecast
Bank points to sticky service and food inflation, reduced demand for exports
Congressional body questions Fed’s powers to regulate crypto
Banks can currently provide exposure to sector, but not custody, as exchange seeks partnership
Mexico accelerates easing with 50bp cut
Board members, unfazed by uncertainty in US, speed up loosening as inflation slows
Banks’ leverage ratio ‘over-calibrated’, says Fed’s Bowman
Heavy capital requirements causing illiquidity in Treasury market, governor says
Mutual fund investments support green transition – BIS paper
Study of the impact of news on investment flows finds funds are not guilty of “greenwashing”
India’s government to re-evaluate crypto stance
Minister suggests it may adopt softer position than central bank
Eurozone ‘not in a recession at all’ – Cipollone
ECB vice-president says there is “room to cut”, digital euro work continues and bitcoin is not gold
Bank of England cuts policy rate by 25bp
Impact of US tariffs on UK monetary policy remains unclear, MPC says
Fed vice-chair says rate cuts most likely over medium term
Jefferson says inflation and labour risks are in balance and cautions against immediate policy shift
Thailand resumes selection process for central bank chair
Position on BoT board set to be filled after months-long delay caused by political dispute
Monetary policy can harm its own transmission – IMF paper
Impact on mortgage choices means easing can weaken pass-through in future
Rates round-up: Albania, Iceland, Macedonia, Moldova, Poland
Energy prices, geopolitical uncertainty begin to bite non-eurozone countries
Bank of Japan official reaffirms rate hike path
BoJ’s journey to policy normalisation continues as wage growth stays strong
Police arrest treasury officials over Bank of Uganda heist
Central bank said it has recovered more than $8 million of $16.9 million in diverted payments
Bangladesh Bank seals officials’ lockers
Move comes after investigators find allegedly undeclared assets in ex-deputy governor’s lockers
Tightening increases instability after supply shocks – IMF study
Authors say when other tools are too costly, rate hikes should be less aggressive
Fed can afford to wait on rates, say regional heads
Atlanta and Chicago presidents say uncertainty over economy means it’s too soon to talk of more cuts