The International Monetary Fund and the World Bank unveiled today (May 15) a programme designed to support countries that are in the process of developing debt management strategies. The system offers a methodology to optimise…
Read More
Lael Brainard reiterated the Federal Open Market Committee’s belief that recent high inflation figures are a temporary phenomenon, in remarks on July 30. The Fed governor’s comments to the Aspen Economic Strategy Group follow the…
Read More
The Federal Reserve announced on October 4 that it had asked its inspector-general to review certain controversial equities transactions by senior Fed officials. The statement comes a week after two regional Fed presidents stepped down…
Read More
Profits aren’t the main objectives of a central bank, but a dependence on government to recapitalise the bank can pose a risk to a central bank’s independence. In turn, central bank independence exists in part…
Read More
The Bank of England will close its cash distribution centre in Leeds, but says it plans to increase its footprint in the north of England. In a statement today (April 22), the BoE said it will…
Read More
Central Bank of Colombia, Bogota A Colombian lawyer is asking a court to annul the appointment of former finance minister Alberto Carrasquilla to the central bank’s board. The lawsuit before Colombia’s “council of state”, the…
Read More
A cross-border central bank digital currency (CBDC) platform has the potential to shorten the time of cross-border wholesale payment transfers by 80% and halve costs, a report said. The “multi-CBDC bridge” project, or simply “mBridge”,…
Read More
Hong Kong: central bank warns of “new and emerging risks” in the city’s AML/CFT regime The Hong Kong Monetary Authority (HKMA) is encouraging banks and financial services firms to use innovative technology for anti-money laundering…
Read More
A group of Nordic central banks reached an agreement on November 12, setting basic principles for mutual currency swap facilities. Sveriges Riksbank, Norges Bank and the National Bank of Denmark announced that their agreement came into…
Read More
The Mexican peso came under pressure this week as Fitch and Moody’s revised downwards their ratings of Mexico’s sovereign debt and national oil company Pemex. Since June 5, the currency has shed 1.5% of its…
Read More