Antarctic sea ice reached its lowest June coverage on record this year. Key trade waterway levels fell amid soaring temperatures this summer. Millions have lost their homes in flooded Pakistan. Electrical grids are struggling in…
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Social media is now firmly embedded in central bank communications, a trend that seems to have been reinforced by the Covid-19 pandemic. This was one of several key findings of the Communications Benchmarks 2022, which…
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Myanmar may be placed on an international blacklist of countries not complying with anti-money laundering rules, adding to the economic chaos under its junta. On September 7, Nikkei Asia reported that the Financial Action Task…
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The Federal Reserve System’s profits were more than $10 billion smaller in 2017 than a year earlier, as the institution began to pay much more sizeable sums in interest on banks’ large reserve holdings. The…
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China: The Chinese government appointed Zhang Qingsong deputy governor of the People’s Bank of China on September 6. Zhang was serving as president of the Agricultural Bank of China, a state-owned bank that is among…
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Australia’s central bank said today (August 8) that it is launching a one-year research project to examine the potential economic benefits of introducing a central bank digital currency (CBDC). The Reserve Bank of Australia will…
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A working paper published by the Bank for International Settlements (BIS) has found the current financial system is still “rather inefficient” in terms of the cost of financial services. Examining how fintech has the potential…
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Chile has renewed its flexible credit line (FCL) with the International Monetary Fund, just three months after dropping the facility in favour of the smaller short-term liquidity line (SLL). The IMF executive board approved the…
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When most people consider the effects of government policy on economic inequality they think of taxes, welfare programmes, charter schools or student loans. But, as we show in our new study of the history of…
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Adam Glapiński, governor of the National Bank of Poland, told a Polish magazine that Germany wanted to seize back territory awarded to Poland after World War II. He also alleged Germany wanted to dominate a…
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