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People: April to June 2023

People: April to June 2023

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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BoJ explores holdings limits for CBDC accounts

BoJ explores holdings limits for CBDC accounts

The Bank of Japan has explored the idea of allowing a single user to have multiple central bank digital currency (CBDC) accounts while still imposing holding limits on them. In a report published on May…

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Communications Benchmarks 2023 – executive summary

Communications Benchmarks 2023 – executive summary

It was a challenging year for communications staff at central banks. Surging global inflation prompted many central banks to begin the fastest monetary tightening cycles in decades, putting pressure on communications specialists to keep the…

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Kenyan president nominates ally as governor despite scandal

Kenyan president nominates ally as governor despite scandal

Kenya’s president William Ruto has nominated his adviser Kamau Thugge as the next central bank governor, despite his implication in a financial scandal. Thugge was arrested in 2019 on corruption charges, with another senior civil…

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NY Fed and MAS test distributed ledger CBDC payments

NY Fed and MAS test distributed ledger CBDC payments

Distributed ledger technology can improve cross-border payments, the New York Fed and the Monetary Authority of Singapore found in phase two of their joint project, known as Cedar. The two central banks linked their digital…

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ECB policy leaks have ‘sizeable impact’

ECB policy leaks have ‘sizeable impact’

Leaks relating to European Central Bank monetary policy are frequent and have a “sizeable impact on financial markets”, finds research published by the ECB on May 19. Authors Michael Ehrmann, Phillipp Gnan and Kilian Rieder note…

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Robert Lucas, 1937–2023 – Central Banking

Robert Lucas, 1937–2023 – Central Banking

Robert Lucas, who won the Nobel Prize in economics for groundbreaking work on rational expectations, died on May 15. He was 85. Lucas spent the majority of his academic career at the University of Chicago,…

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HKMA launches retail CBDC pilots

HKMA launches retail CBDC pilots

The Hong Kong Monetary Authority The Hong Kong Monetary Authority has launched a pilot programme for a retail central bank digital currency called e-HKD, it said on May 18. In the next few months, the…

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IMF approves $3 billion for Ghana

IMF approves $3 billion for Ghana

The International Monetary Fund approved a $3 billion, three-year loan package for Ghana on May 17, after nearly a year of negotiations. The IMF will release about $600 million to Ghana immediately. The loan comes…

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Communications Benchmarks 2023 report – engaging with the public

Communications Benchmarks 2023 report – engaging with the public

It was a challenging year for communications staff at central banks. Surging global inflation prompted many central banks to begin the fastest monetary tightening cycles in decades, putting pressure on communications specialists to keep the…

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