Geopolitics
Odean White on cyber, natural disasters and geopolitical risks
Bank of Jamaica’s chief risk officer discusses weather event contingency planning, the impact of ‘shocks’ on policy, being proactive on quantum, and countering phishing and AI-enabled attacks
Elizabeth McCaul on the need for resilience in cyber security
Former ECB official explains why response preparedness is more important than predicting attacks
Jamaica holds rates at 5.5%
Central bank expects headline and core inflation to breach upper range of its 4–6% target
Hong Kong scales up in bid to attract central bank gold
Financial bureau chief targets Asian institutions to bolster gold storage to 2,000 tonnes, use new trading and central clearing services plus links to China, amid sovereign immunity concerns
Banxico holds rates at 6.5% in end to easing cycle
Board says inflationary risks remain ‘tilted to the upside’, despite recent easing of price pressures
Geopolitics is driving monetary policy – panel
ECB’s Vujčić points to impact of US equities, while BoE’s Taylor says uncertainty justifies rates hold
Paraguay holds rates at 5.5% for fourth time
Central bank expects inflation to remain below 3.5% target over the coming months
Santa Purgaile on staying agile and adaptable in supervision
The Latvian deputy governor speaks about AML/CFT progress, fintech developments and how small markets can thrive
IMF’s Gourinchas argues ‘middle powers’ can heal global trade
Co-operation by mid-sized economies could bring hegemons to table, chief economist says
Sharon Donnery on the ECB’s great simplification push
The supervisory board member speaks about geopolitical risk, cyber threats and potential banking regulation reforms
Switzerland and Norway hold, Czech Republic and Moldova hike
SNB says inflation uptick is temporary, while CNB and Norges Bank highlight wage pressures
Chile holds rates for fourth time in a row
Policy-makers say balance of risks to inflation is shifting towards equilibrium
Myths and realities of AI hacking
New artificial intelligence models raise serious concerns about the future security of the international monetary system
Geopolitics drive continued central bank gold buying – WGC
Institutions expect global holdings to rise, though most say they do not plan to buy more themselves
Central banks face hydra-headed cyber threats – panel
Geopolitics and concentration risk mean attacks could threaten financial stability as well as operations
Austria and Finland warn of Iran war’s impact following ECB hike
Higher energy prices are slowing growth and raising inflation, central banks say
ECB hikes by 25bp as eurozone inflation takes off
Staff projections foresee higher price growth followed by downward revision over coming two years
De-dollarisation presents new opportunities – panel
Speakers at London Meetings outline unique approaches to dealing with changing investment landscape
Canada holds amid uncertainty over tariffs and energy shock
Governor points to US trade policy and Iran war as known unknowns affecting trajectory of policy
Monetary policy is about robustness, not precision – panel
Uncertainty is no longer an exception but the norm, panellists tell Central Banking London Meetings