Central Banking
South Sudan’s president fires central bank governor
Garang replaced by Johnny Ohisa Damian, who previously held position before his own dismissal in 2023
Reserve Bank of Australia holds policy rate again
Central bank softens hawkish stance amid weak economic growth and slowing inflation
China shifts to ‘moderately loose’ monetary policy stance
Officials also vow to pursue “more proactive” fiscal stance next year
Why there is no fence in effective regulatory relationships
A chief risk officer and former bank supervisor at the BoE says regulators and regulated are on the same side
BoE’s non-bank liquidity facility to open for applications in 2025
Other central banks have shown “lots of interest”, says deputy governor
Central Bank of Ireland defends Israeli ‘war bond’ approval
Critics say bank is complicit in funding genocide, but governor says it is bound by law
India appoints Malhotra as central bank governor
Government chooses not to renew Das’s term for another three years
CNB to set up new research and statistics department
Central bank says restructuring will boost its ability to “analyse and model economic trends”
BoE reveals details of ‘repo-led’ operations
Bank to offer more liquidity via longer-term facility but retain “variable price, variable size” format
China’s inflation drops to five-month low, despite stimulus
Some analysts expect PBoC to deliver further cuts in rates and RRRs by end of 2025
Syria’s central bank says citizens’ deposits will be safe
Announcement comes after footage appeared to show looting of cash from bank’s premises
Digital euro can fill market gap, panellists say
Representatives from central banks and industry discuss use cases for retail and wholesale CBDCs
Reserve Bank of India holds policy rate
Governor says decision reflected need to tackle high inflation without stymying “resilient” growth
Bank of Uganda says it was target of $15 million fraud
Central bank says $8.2 million now recovered, but denies staff were involved or that its IT systems were hacked
Italian lenders do not under-report default risks – central bank
Commercial lenders’ internal rating-based systems “less conservative” than central bank’s
Fed’s latest Beige Book reports modest growth across US
Boston was only branch to report decreased activity since October
Inheritance tax avoidance has fiscal impact – Bank of Spain study
Paper says loopholes led to effective reduction in tax rate of 1.3 percentage points in Catalonia
HKMA subsidises tokenised bond issuances
Issuers can receive up to HK$2.5 million each for maximum of two issuances
EBA tells crypto providers to offer supervision ‘contact points’
Tightening AML/CFT regime reflects increasing risks in sector
Bitcoin is a rival to gold, not the dollar – Powell
Fed chair’s comments come as cryptocurrency passes $100,000 valuation
CBDCs would reduce foreign exchange risk – LSE study
Adoption of digital currencies could mean lenders needing to hold less regulatory capital
BSP completes wholesale CBDC proof-of-concept tests
Central bank names off-hours interbank payments as potential use case
BIS study examines ways to improve catastrophe insurance
Financial Stability Institute says “parametric” policies can help businesses weather the storm
Eurozone needs ‘exceptional mechanism’ to resolve banks – BdF
Bloc is ready to resolve most challenges but still needs liquidity mechanism for larger lenders