Central Banks
Geopolitical events create tougher financing conditions, ECB finds
Systemic crises are unlikely unless a significant shock occurs
Riksbank’s Thedéen to be next Basel Committee chair
Current chair Hernández de Cos stepping down as Bank of Spain governor in June
Iran says it will start trading with Russia in rials soon
Central bank claims channel could support $1.5bn transactions but expert is sceptical
HKMA creates tokenisation advisory group
New group includes BIS Innovation Hub, regulators, academics, banks and tech firms
South Korea and Malaysia renew currency swap line
Bank of Korea and Bank Negara Malaysia resume arrangement that lapsed in 2023
Nigerian president orders central bank to suspend levy
“Cyber security levy” would have charged 0.5% of most electronic transactions
Research queries monetary policy ability to curb financial crises
“Leaning against the wind” is unlikely to work, New York Fed paper argues
Neutral interest rate likely to rise, paper finds
Several factors are pushing rate upwards, Bank of Canada researchers say
People: RBI appoints senior officials
Liz Oakes to join Bank of England FPC; European Central Bank names head of information systems
Danish central bank asks citizens to vote on new banknote designs
Suggested figures for back of note include polar explorer and Hans Christian Andersen
China to start selling ultra-long term sovereign bonds
Authorities will start selling 30-year bonds as first stage of major fiscal stimulus
IMF says Jordanian economy likely to stay stable
Fund staff forecast inflation will remain low and growth continue despite nearby conflict
HKMA publishes sustainable finance taxonomy
Hong Kong extends scope of green bond subsidy and develops climate risk assessment tool