Central Banking
BIS appoints secretary-general and Innovation Hub leaders
Véronique Sani takes over from Monica Ellis as secretary-general to the bank
RBNZ holds policy rate again
Policy-makers express optimism on inflation but remain cautious for now
‘Unprecedented’ immigration boosts US economy – Dallas Fed
Authors say there is reason to believe immigration is net neutral for inflation
Aggressive monetary policy hits poorer harder – research
New York Fed authors find stabilising demand shocks has positive distributional outcomes
US labour markets approaching pre-pandemic state, report finds
Simple rules suggest fed funds rate should be at or below current level, report says
BoE should hold rates until pressures have eased, Haskel says
Changes to labour market estimates helped shift policy decisions, MPC member says
Inflation rebounds in OECD countries
Rising energy costs drive uptick in many economies, but G7 avoids increase
Vietnam mandates biometric verification for many online transactions
Bank customers must provide face or fingerprint ID for transactions over $393
Israel holds rates amid fears war could escalate
Bank of Israel raises interest rate forecast for next year
Ukraine’s governor on central banking as war endures
The NBU’s Andriy Pyshnyy speaks about the need for investment and reform amid labour shortages, securing war-risk insurance and Ukrainian funding from Russia’s frozen assets
Taliban regime appoints new Afghan governor
Noor Ahmad Agha is under international sanctions over alleged terrorist links
Brazil’s president may appoint monetary policy head as governor
Speculation comes amid tension between president Lula and BCB head Campos Neto
Romania cuts rates by 25 basis points
Disinflation is accelerating but effects of energy legislation changes are uncertain, central bank says
Iran and Russia connect payments systems, governor says
Move comes after central Asian banks and payments systems have cut ties to Mir
PBoC to start additional open market operations
Move could increase importance of seven-day reverse repo rate, some analysts say
Inflation targets have served EMEs well, says Sarb governor
EMEs and banks have ridden out rate rises relatively well, but refinancing and geopolitical risks remain
Sri Lanka secures deal to restructure $12.6bn of bonds
IMF still to review if deal conforms with Sri Lanka’s debt sustainability targets
New NBER research sheds light on ‘cheapflation’
Savings from price discounts partially offset by price hikes for cheaper products
Bulgaria’s central bank suspends deputy governor
Gurov is ‘incompatible with his role,’ says anti-corruption commission
MAS carbon emissions rise amid shift to greener investment portfolio
Equity and corporate bond climate exposures fall as rising air travel and data use drive up own emissions
Basel Committee approves new stablecoin exposure framework
Details on new crypto asset and IRRBB rules, plus third-party risk consultation due out this month
AI, quantum computing and tokenisation set to transform finance – Menon
But significant barriers remain preventing the technologies from unlocking their full potential
African countries plan to link payment systems – Rwangombwa
Rwanda central bank governor promotes scope for fintech growth in Africa