Banks’ lending to ethnic minorities is impacted by how averse their stakeholders are to inequality, researchers at the Federal Reserve Bank of New York find. Bank lending to ethnic minorities varies substantially, authors Matteo Crosignani…
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Two of the most senior officials at the Bank for International Settlements have announced they will retire in 2024. Claudio Borio, head of the monetary and economic department (MED), will leave the BIS at the…
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Communicating uncertainty over the inflation outlook can help to curb inflation expectations, a new working paper published by the Bank of Canada finds. “All types of information about inflation are effective at immediately managing inflation…
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Alberto Musalem will be the next president of the Federal Reserve Bank of St Louis, the US Federal Reserve board of governors announced on January 4. Musalem’s most recent role was as chief executive of…
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National Bank of Belgium governor Pierre Wunsch The Belgian central bank’s governing body has temporarily extended the governor’s time in office while the government decides whether it will renew his term. The National Bank…
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Central Bank of Bosnia and Herzegovina in Sarajevo Jasmina Selimović took office as the new governor of the Central Bank of Bosnia and Herzegovina (CBBH) on January 3, marking the end of a long period…
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Chinese authorities have appointed veteran banker Zhu Hexin as the party chief of the State Administration of Foreign Exchange, the country’s foreign exchange regulator. Zhu will take over Pan Gongsheng’s role as Safe’s party chief,…
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On October 26, the Bank for International Settlements released a design guide for using central bank digital currencies (CBDC) in retail payments offline, as part of its ongoing Project Polaris. The guidelines were designed with…
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A round-up of central bankers in the news and on the move during the past three months by : Source link
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China’s digital yuan was used to settle a cross-border crude oil transaction for the first time, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX). State-owned Petro China International Corporation bought an undisclosed amount…
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