Central Banking
MAS and HKMA aim to green red envelopes over Lunar New Year
Monetary authorities encourage the giving of used notes or electronic cash gifts to cut waste
Chicago Fed study points to AI tail risk for US banks
Authors warn that a risk event could spill across multiple industries
QT ‘crucial’ if ECB is to tackle future crises, says Nagel
Bundesbank president says dollarisation by way of stablecoins could weaken European sovereignty
Egypt cuts rates by 100bp and lowers reserve requirements
Central bank continues to reverse tight monetary policy stance as inflation gradually declines
Russia eases by 50bp despite inflation risk
Central bank says pro-inflationary threats are still greater than disinflationary ones
Repeat of past mistakes fuels risk of new crisis
Jesper Berg and Hans Geeroms argue that bank lobbying has succeeded in securing a dangerous softening of rules
BSP to use satellite imagery to aid policy-making
Philippines central bank partners with space agency to help identify climate-vulnerable communities
People: Change at the top in South Sudan
Plus new appointments in Austria, Romania and at the ECB
IMF and NBU rework models to reflect Russia-Ukraine war
Forecast process redesigned to take account of battlefield uncertainty and additional policy tools
BoE to assess eligibility of digital gilts in monetary operations
UK set to become first G7 country to issue sovereign bonds on DLT
Suspended Bulgarian deputy appointed as caretaker PM
Country’s president says Gurov is only candidate not tainted by association with outgoing government
Nigeria opens up official dollar market to bureaux de change
Move aims to strengthen retail FX liquidity and close spreads with exchange rate in informal economy
RBNZ welcomes external probe into Covid-era monetary policy
Finance minister says bank’s easing and asset purchases caused ‘decades-high inflation’
UAE central bank joins Hong Kong’s bond clearing scheme
Monetary authorities say move will provide Gulf state with direct access to renminbi debt market
Reserve managers focus on the ‘E’ in ‘ESG’
Central banks continue buying green assets while largely eschewing governance and social elements
Central bank independence ‘a means to an end’ – Miran
Fed governor says autonomy increases chances of monetary policy being aligned with business cycle
Waller: ‘Skinny’ master accounts can shield Fed from legal risk
Governor also argues that stablecoins are forcing banks to innovate with payments
Riksbank’s Seim: helping foreign central banks has ‘major’ impact
Deputy governor says institution is working with its Palestinian and Ukrainian counterparts
Zambia cuts rates by 75bp to 13.5%
Inflation expected to fall to within target range by next quarter, central bank governor says
BNM selects firms for tokenisation and stablecoin pilots
Malaysian institutions to test wholesale payments and tokenised asset settlement
Iraq’s KRG launches payment system for government bills
Central bank-approved platform forms part of digitisation efforts in autonomous Kurdistan Region
Study calls for twin-pronged macro-pru approach to shocks
Higher capital and CCyB are both needed to mitigate threats to stability, say Bank of Italy authors