Central Banking
Philippines’ FX reserves fall to three-year low
BSP says levels sufficient following period of currency interventions and devaluations
Navigating non-linear outcomes of financial inclusion policies
The complex, non-linear socioeconomic effects of financial inclusion require broader, mixed-method two‑tier evaluations focusing on real livelihood outcomes and context, argues Ashish Srivastava
UK FCA to investigate itself after whistleblower died by suicide
Regulator appoints ex-BoE official to examine procedures as it faces criticism from former staff
Iceland holds as economy slows
Central bank keeps policy rate at 8% in unanimous vote
SNB could unwind tiering, but gain ‘not obvious’, Martin says
Vice-chairman defends Switzerland’s tiered approach to ample reserves
Fed to overhaul supervision along regional lines
Bowman says restructuring aimed at implementing ‘culture of accountability’ following SVB collapse
Paraguay’s central bank unveils new series of banknotes
Designs come with updated security and accessibility features
Rising inflation prompts first RBI hike since 2023
Bank announces shift to calibrated tightening, with near-term rate cuts ‘off the table’
Singapore issues guidelines for ‘responsible use’ of AI
MAS says financial institutions can adopt different approaches in proportion with their risk profiles
Gold is a good diversification strategy for central banks – Nagel
Geopolitical and credit risks strengthen case for bullion as reserve asset, says Bundesbank president
As NBFI sector grows, so do its risks and benefits – Knot
Former FSB chair discusses implications of sector’s increasing dominance
Claudio Borio calls for revised monetary frameworks
Former BIS economist says central banks should tolerate mild deflation and aim for ‘nimbleness’
Kansas City Fed warns of long-term AI financing risks
Highly leveraged entities may cause financial stress to spill over to broader economy
IMF flags gaps in Somalia’s financial reform efforts
Fund notes progress, but says central bank should go further to safeguard stability
Hong Kong to explore stablecoin use cases with Malaysia
Monetary authorities also agree to co-operate on tokenisation and local currency use
Now more important that inflation does not exceed target – Ueda
Reports say Japan’s central bank is preparing to state that price growth has hit 2%
Mexico’s monetary policy should remain tight, IMF says
Banxico should strengthen comms and limit government bond purchases to short end of curve, fund adds
Rising bond yields slow policy transmission – Lane
‘Second wave’ of energy inflation yet to ripple through to other prices, says ECB chief economist
Russian finance ministry begins paying salaries in CBDC
All Russian citizens can request to convert salaries into digital ruble, ministry says
Investors price in sanctions risk for US equities – study
NY Fed authors say geoeconomic risk driven by firms’ exposure to sanctioned countries’ supply chains
Divergence from global cycles gives Asia policy room – Amro
Change may allow Asean+3 central banks to focus on domestic rather than global conditions, report says
BIS’s Hernández de Cos on AI, non-bank risk and tokenisation
General manager talks about how the BIS is navigating a complex global environment
People: Sarb appoints former World Bank economist to MPC
Plus appointments in Singapore and the Seychelles
Rehn says European safe asset ‘deserves further examination’
ESRB vice-chair says jointly issued bond could help fund defence and energy, but design is the hurdle