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Pakistan’s central bank asks government to rethink Afghan scheme

Pakistan’s central bank asks government to rethink Afghan scheme

The State Bank of Pakistan Pakistan’s central bank has asked the government to reconsider its request to funnel donations to Afghanistan, saying the move risks breaking international regulations.   The Express Tribune, a Karachi newspaper,…

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Mozambique’s government owes central bank over $600 million – auditors

Mozambique’s government owes central bank over $600 million – auditors

External auditors expressed “reservations” about the Bank of Mozambique’s 2019 financial statements, saying the government is not paying a $600 million debt to the central bank. The criticism follows “adverse opinions” issued against the 2017…

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Minutes highlight scale of BoE’s Covid-19 redeployment

Minutes highlight scale of BoE’s Covid-19 redeployment

Minutes of the Bank of England’s April board meeting shed new light on the massive programme of staff redeployment the central bank was forced to implement as the Covid-19 epidemic broke out in the UK.…

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Long-serving Bank of Uganda governor dies

Long-serving Bank of Uganda governor dies

The governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, died on January 23 at Nairobi Hospital, in the Kenyan capital. He was 72. The central bank did not give a cause of death in its…

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Central banks essential to preserve trust in money – Carstens

Central banks essential to preserve trust in money – Carstens

As technological evolution transforms the financial landscape, central banks play an essential role in preserving trust in money, said Agustín Carstens in a speech on January 18. The general manager of the Bank for International…

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MAS uses machine learning to spot market manipulation

MAS uses machine learning to spot market manipulation

The Monetary Authority of Singapore has started using an advanced data science tool named Apollo to help enforcement officers detect misconduct in financial markets, the central bank said in its inaugural enforcement report. Developed in-house…

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Consumer prices reach 30-year high in Canada

Consumer prices reach 30-year high in Canada

Canada’s year-on-year inflation rose 4.8% in December, the highest it has been since 1991, according to official figures released on January 19. The Bank of Canada found that consumer expectations for inflation over the next…

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Jamaican officials point to management plans as debt falls

Jamaican officials point to management plans as debt falls

Jamaica set to reduce debt-to-GDP ratio to 125% in pursuit of 90% target Jamaica expects to reduce its stock of debt to 125% of GDP by the end of the fiscal year in March, with…

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Navigating the hazards of inequalities

Navigating the hazards of inequalities

The RBNZ’s relationship to government has shifted in the past year Widening wealth and income inequalities have become a communications hazard for central banks, as a result of mistiming between their and governments’ actions to…

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Fed’s Clarida resigns after latest trading revelations

Fed’s Clarida resigns after latest trading revelations

Federal Reserve vice-chair Richard Clarida resigned on January 10, a few weeks after he admitted to controversial equities sales as the Covid-19 pandemic was beginning in 2020. Clarida’s resignation takes effect on January 14, though…

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