Central Banking
Trump takes Cook’s case to supreme court
US solicitor general argues determining ‘cause’ is at president’s ‘unreviewable discretion’
Signalling sizeable spending spooks stock markets – ECB study
Larger-than-expected fiscal measures in times of uncertainty could backfire on governments
Esma needs dose of BoE agility, says official
Clearing house supervisor Giusto points to central bank's consultation on Emir as example of nimbler approach
Sarb pauses easing cycle as inflation ticks up
Bank cautiously optimistic about growth, but wary of expectations becoming unanchored
Bolivia’s forward gold sales are legal workaround – expert
Central bank raises almost $600 million in hard currencies by committing to sell bullion at future date
Argentina sells $379m in FX market to prop up peso
BCRA intervenes for second time since implementing managed float regime in April
BoJ holds policy as expected and plans to sell ETF and J-Reit assets
Two board members vote for hike, but all agree on sales that economists say will help normalise policy
Bank of Ghana makes higher-than-expected rate cut
Central bank strikes bullish tone over prospects for economic growth and reduction in inflation
Norges Bank continues easing campaign with another 25bp cut
Central bank governor strikes hawkish tone, highlights increasing productivity
BoE holds rates and slows QT
Maturity profile shortened as Bailey aims to avoid disrupting gilt markets
China holds and Hong Kong cuts after Fed eases
PBoC leaves seven-day repo rate unchanged as HKMA eases policy to maintain dollar peg
China’s cross-border clearing system expands to 189 countries
PBoC deputy governor Lu Lei says Cips processed $12.7 trillion of payments in H1
Brazil holds rates at 15% with hawkish guidance
Rate-setters say they would “not hesitate to resume” hiking cycle if necessary
Fed eases by 25bp as concerns grow over US labour market
Experts differ over impact of tariffs on inflation and unemployment
Canada cuts rates amid rising joblessness and sticky inflation
Experts say state of economy puts central bank in a difficult position as it eases by 25bp
Stablecoins pose bigger risks to US than to EU – de Guindos
ECB vice-president also expresses hope that “populist movements in Europe do not prevail”
Sama enables Google Pay, to launch Alipay+ by 2026
Saudi central bank expands payment system to global players in digitalisation drive
BI makes third surprise cut as lawmakers mull its mandate
Bank says 25bp easing aimed at promoting growth, pledges further monetary-fiscal policy alignment
Political turmoil rattles Turkish lira carry trade
Echoes of March crackdown that sparked market rout leave traders on alert
Non-dollar stablecoins could spur greenback’s decline – BdF deputy
Central banks should embrace, not oppose, financial innovation, Bénassy-Quéré argues
NBER paper emphasises role of accounting in bank regulation
Bookkeeping conventions matter to how effective capital and liquidity rules are, authors write
Competitiveness, not regs, led to Poland’s RTGS upgrade – expert
Central bank aims to maintain payments “edge” with ISO 20022-compatible Sorbnet 3 system
BoK meeting minutes show sole dissenter favoured rate cut
Board members agreed economy showed signs of recovery, but majority voted to hold
Senate confirms Miran, while court allows Cook to stay
President’s nominee and person he tried to fire will both attend this week’s FOMC meeting