Central Banking
BoK vows to stabilise markets with ‘all available tools’
Central bank calls for bipartisan policy co-ordination following president’s impeachment
BoE study suggests digital pound would be less private than cash
Report, conducted with MIT, says cryptographic techniques would not guarantee privacy
Peru holds policy rate at 5%
Central bank stays put as inflation accelerates and rate almost reaches same level as the Fed’s
IMF approves $259m loan to support PNG’s climate resilience
Fund also disburses $125 million to support economic reforms in Papua New Guinea
‘Inflation disagreement’ weakens US monetary policy – Fed study
Households’ inflation expectations differ from central bankers’, thus adding to post-Covid momentum
Tax avoiders less likely to channel funds through Netherlands – DNB
Annual flow of money to tax havens fell by 75% in just five years, central bank says
Generative AI can decipher FOMC minute topics – Fed research
Authors say technology could enhance public’s understanding of central banking
Five veterans join Central Banking's advisory board
New members come from Italy, Kenya, Singapore, Switzerland and the US
Fed stress-testing operational readiness of discount window
Experts say consultation on improved ops should be accompanied by focus on willingness to borrow
ECB cuts rates by 25bp
Eurosystem disinflation “well on track” and council “did not discuss” TPI, says Lagarde
RBA official: industry needs ‘common vision’ for fast payments
Assistant governor says transaction costs and end users’ requirements need to be addressed
Bank of Canada opts for another 50bp cut
Governor says Trump tariffs would be “highly disruptive” if implemented as proposed
Switzerland cuts rates by 50bp
SNB changes conditional inflation forecast, expects lower inflation compared with September
FSB praises France’s efforts to monitor crypto market
Review calls on authorities to facilitate Mica implementation and enforce regulations faster
Brazil raises rates again amid fiscal woes
Central bank tightens policy by 100bp in unanimous decision as inflation continues to overshoot
Stiglitz offers alternatives to standard theories of economic fluctuations
Nobel prize winner argues that endogenously driven variations are key to understanding economies
BIS highlights market ‘uneasiness’ over bond issuance
Claudio Borio says fiscal outlook worldwide is “acutely worrying”
Phillips curve is convex in short term – NBER paper
Data on US and UK shows firms respond more to positive than negative demand shocks
Majority have privacy concerns over CBDC – RBNZ survey
Findings show access to physical cash still important; private sector not meeting payment needs
ADB approves $500 million loan to Indonesia
Policy-based facility focuses on expanding vulnerable groups’ access to financial services
Bulgaria ‘ready for euro’ in January – central bank governor
Radev says decision to join currency is now in hands of politicians
FSB urges non-banks to improve liquidity risk management
Report lists eight recommendations on how funds can answer margin and collateral calls
US inflation expectations tick up across all time horizons
NY Fed survey finds more respondents expect prices to rise over one- three- and five-year timeframes
Trump says Powell would resign as Fed chair ‘if I told him to’
President-elect also claims tariffs would make US rich but cannot guarantee that prices will not rise