Yi Gang, governor of the People’s Bank of China The nominal legislature in China, the National People’s Congress, has just rubber-stamped a new government for the next five years. There is a new leadership team…
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Swift is moving into the second phase of its cross-border central bank digital currency (CBDC) pilot, conducted with 18 central and commercial banks. Banque de France, the Deutsche Bundesbank and the Monetary Authority of Singapore,…
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The State Bank of Vietnam Vietnam’s central bank cut several policy rates by 100 basis points on March 15, after the prime minister ordered it to support property developers. The State Bank of Vietnam reduced…
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The Swiss National Bank’s Andréa Maechler is to become the new deputy general manager of the Bank for International Settlements. Maechler will take over from Luiz Awazu Pereira da Silva, when he retires from the…
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Policy-makers should identify a clear need and use for central bank digital currencies (CBDCs) before launching them, the Central Banking Spring Meetings were told. Panellists saw considerable promise in CBDCs, but said they will need considerable…
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The International Monetary Fund is temporarily raising the limits on borrowing from its main lending facility, as countries face slowing growth and high debt vulnerabilities. On March 6, the IMF executive board approved an increase…
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Optimism over future easing clashed with what central bankers were actually saying by : Source link
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China has proposed a raft of changes to its financial regulatory system, including replacing its existing banking regulator with a new financial regulator with expanded powers. The Chinese government submitted the draft plan to its…
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Outgoing BoJ governor Haruhiko Kuroda The Bank of Japan kept its ultra-loose monetary policy unchanged at outgoing governor Haruhiko Kuroda’s last policy meeting today (March 10). The BoJ’s nine-member policy board unanimously decided to leave…
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The central banks of Israel, Norway and Sweden have published the results of cross-border retail digital currency experiments using a foreign exchange provider. Project Icebreaker, led by the Bank for International Settlements, developed a model…
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