Central Banking

RBA holds policy as inflation rises - Central Banking Australian central bank’s inflation forecast assumes one further rate cut in easing cycle

Australia holds rates www.centralbanking.com/central-bank...

Stablecoins should be tightly regulated – HSBC exec - Central Banking John O’Neill says lender’s views on the assets are aligned with those of central banks

HSBC’s head of digital assets says stablecoins should be tightly regulated www.centralbanking.com/central-bank...

Bank of South Sudan opens new currency centre as war looms - Central Banking Decentralised distribution aimed at preventing ‘excessive dollarisation’

Bank of South Sudan opens new currency centre www.centralbanking.com/central-bank...

Fed accepts wealth redistribution at top, says ex-Kansas City chief - Central Banking Hoenig calls for new accord with Treasury, as fellow former governors defend Fed independence

Fed has “implicitly accepted a significant redistribution of wealth” by suppressing interest rates, says ex-Kansas City Fed chief www.centralbanking.com/central-bank...

Montenegro to give out €2,000 for each baby born this week - Central Banking ‘Savings week’ sees central bank team up with lenders to offer parents financial rewards

Parents of children born during Montenegro’s ‘savings week’ are set to receive €2,000 www.centralbanking.com/central-bank...

People: Estonia selects new governor-designate - Central Banking Plus senior promotions in Hong Kong, India and Sri Lanka

People Moves: New Estonian governor candidate chosen; senior promotions in HK, India & Sri Lanka
www.centralbanking.com/central-bank...

AWS outage barely affected Europe’s central banks - Central Banking Monetary authorities say robust risk mitigation frameworks helped them to largely avoid fallout

10 European central banks say Amazon Web Services outage hardly had an affect on operations
www.centralbanking.com/central-bank...

Schlegel: Liechtenstein is on its own for financial stability - Central Banking SNB governor says principality’s lenders are not entitled to bank’s emergency liquidity facilities

SNB governor: Liechtenstein banks cannot access Swiss central bank’s emergency liquidity facilities
www.centralbanking.com/benchmarking...

Taiwan’s central bank seeks oversight over stablecoin issuance - Central Banking Deputy governor says potentially volatile assets could affect financial stability

Stablecoins should be properly regulated to mitigate financial risks – Central Bank of the Republic of China (Taiwan)
www.centralbanking.com/central-bank...

ECB holds rates for third consecutive time - Central Banking Lagarde celebrates ‘fading risks’ to eurozone growth thanks to trade deals and Gaza ceasefire

ECB holds rates again www.centralbanking.com/central-bank...

ECB enters new phase for digital euro, with issuance set for 2029 - Central Banking CBDC’s next phase to focus on technical readiness, market engagement and legislative support

ECB says it plans to issue the digital euro by 2029 www.centralbanking.com/fintech/cbdc...

Japan holds rates www.centralbanking.com/central-bank...

Fed cuts rates with dissenting votes in both directions - Central Banking Risks to employment and prices split FOMC three ways

Fed cuts rates www.centralbanking.com/central-bank...

Bank of Canada makes modest rate cut - Central Banking Economists disagree over wisdom of decision at time of above-target inflation and soft labour markets

Canada cuts rates www.centralbanking.com/central-bank...

Former Kansas City Fed chief sounds alarm over banks’ leverage - Central Banking Hoenig says largest lenders are not adequately capitalised for their risks

Over-leverage has created “massive” risks for the largest banks, says ex-Kansas City Fed president www.centralbanking.com/central-bank...

‘Opaque’ AI poses supervisory challenge, says BdF’s Beau - Central Banking Deputy governor says focus should be on data required for ‘new elements’ of EU’s AI act

Prudential authorities face challenges related to the “explainability” of AI algorithms, says BdF’s Beau www.centralbanking.com/central-bank...

Give BoJ policy space to fight inflation, says Bessent - Central Banking US Treasury secretary hints at preference for rate hikes before Japan’s central bank meets

US Treasury secretary calls on Japanese government to let BoJ combat inflation www.centralbanking.com/central-bank...

BoK denies dollar stablecoins threaten monetary sovereignty - Central Banking South Korean central bank remains cautious about won-backed instruments as legislation moves forward

Bank of Korea hits out at “excessive marketing rhetoric” from crypto industry www.centralbanking.com/fintech/7973...

Bessent includes former Lehman banker on Fed shortlist - Central Banking Rick Rieder joins Bowman, Hassett, Waller and Warsh in running to replace Powell

BlackRock’s Rieder added to list of potential Fed governors www.centralbanking.com/central-bank...

PBoC to resume open market China bond trading - Central Banking Analysts expect purchases by central bank to support liquidity and government fiscal policy

China bond trading to resume on open market www.centralbanking.com/central-bank...

San Marino blocks bank sale, looks to quell instability - Central Banking Central bank says financial system is “solid and resilient”

San Marino blocks sale of commercial bank www.centralbanking.com/central-bank...

Kyrgyzstan to pursue digital strategy with Zhao - Central Banking Country’s president calls Binance founder “trusted adviser” following controversial pardon by Trump

Kyrgyzstan to move forward with digital asset strategy in collaboration with Binance after founder pardoned by Trump www.centralbanking.com/fintech/cbdc...

Bailey defends BoE’s internships for black applicants - Central Banking Governor says internships are open to all, after politicians say programme is “discriminatory”

Andrew Bailey defends BoE internships in letter to MP www.centralbanking.com/central-bank...

PBoC’s language suggests policy shift on yuan – China economist - Central Banking Central bank drops ‘cautious’ from pronouncements on currency’s internationalisation

More assertive language on yuan internationalisation suggests a policy shift from the PBoC, says economist www.centralbanking.com/central-bank...

BoE considering new form of offline payments for UK - Central Banking Phase two of digital pound work to start next month, as Bailey softens stance on stablecoins

BoE is considering introducing a new form of offline payments to the UK www.centralbanking.com/fintech/cbdc...

BoE’s Woods rejects call to exempt gilts from leverage rule - Central Banking Bank capital regime must account for sovereign bonds’ interest rate risks, PRA chief says

PRA’s Woods warns against calls to exempt sovereign bonds from the UK’s leverage ratio requirements www.centralbanking.com/central-bank...

BoK holds policy at 2.5% and signals room for further cuts - Central Banking Rhee Chang Yong says four of six board members open to cutting to 2.25% over next three months

South Korea keeps rates unchanged www.centralbanking.com/central-bank...

ESRB says central banks may be forced to back stablecoins in crises - Central Banking New report lists concerns around regulatory arbitrage, de-pegging and monetary sovereignty

Financial authorities may have to support troubled banks that have become involved in stablecoins, warns ESRB www.centralbanking.com/fintech/cryp...

ECB and BoJ officials reject explicit forward guidance - Central Banking Central bankers promote ‘meeting-by-meeting’ approach to rates setting

Current climate makes it inappropriate to provide forward guidances, say BoJ and ECB officials www.centralbanking.com/central-bank...

BoE plans system-wide test on private credit risks - Central Banking Bank aims to probe market after First Brands and Tricolor collapses raise alarms about subprime lending

BoE planning large-scale stress test to assess how financial system would react to shocks in private credit market www.centralbanking.com/central-bank...