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Transparency is essential for financial stability – Georgia’s Gvenetadze

Transparency is essential for financial stability – Georgia’s Gvenetadze

Strong communication and openness from the central bank are key ingredients in a successful financial stability policy, Koba Gvenetadze said today (June 14). The National Bank of Georgia governor said transparency plays several roles –…

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UK regulators propose new policies to foster diversity

UK regulators propose new policies to foster diversity

A group of the UK’s financial regulators have outlined a series of policy measures to improve levels of diversity and inclusion in the financial sector. In a discussion paper published today (July 7), the regulators…

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BIS pays out double dividend after bumper profit

BIS pays out double dividend after bumper profit

The Bank for International Settlements is paying out an extra dividend to its 63 central bank shareholders this year, after the rapid market recovery in 2020 generated large profits. Net profits were SDR1.2 billion ($1.7…

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Sarb celebrates centenary with virtual ceremony

Sarb celebrates centenary with virtual ceremony

The South African Reserve Bank celebrated its hundredth anniversary today (June 30) in a virtual celebration attended by former governors and the heads of international organisations. “The Sarb is a solid institution that all South Africans…

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Iranian president appoints new central bank governor

Iranian president appoints new central bank governor

Iran’s outgoing president has promoted the central bank’s deputy governor to the top role, one month after dismissing his predecessor. Akbar Komijani will become the Central Bank of Iran’s governor after being approved by the…

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Fed’s CBDC efforts should not be driven by digital yuan, Fed official says

Fed’s CBDC efforts should not be driven by digital yuan, Fed official says

The Federal Reserve’s decision to issue a central bank digital currency (CBDC) should be made independent of what Chinese policy-makers do, an official from the St Louis Fed says. “I think China’s going to do…

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MAS launches new regtech grant

MAS launches new regtech grant

The Monetary Authority of Singapore has launched a new grant fund to help financial firms test new forms of technology before deploying it live. Under the regtech grant scheme, an extension of the central bank’s…

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Inflation, Fed policy and emerging markets: the good, the bad and the ugly

Inflation, Fed policy and emerging markets: the good, the bad and the ugly

Clint Eastwood, star of ‘The good, the bad and the ugly’ Financial markets are fixated on prospects for US inflation and Federal Reserve policy, and appropriately so. Rising interest rates may exacerbate already-elevated debt burdens…

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Fed set to adopt ‘elements’ of price-level targeting

Fed set to adopt ‘elements’ of price-level targeting

Covid-19 could act as a catalyst for a Janet Yellen-supported Fed move to adopt elements of price-level targeting. But questions remain about the timing of such a move by : Source link

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Multiple expectations test communications – Central Banking

Multiple expectations test communications – Central Banking

Finance minister Grant Robertson has sparred with the RBNZ over house prices Once a world-leading, single-minded guardian of price stability, the Reserve Bank of New Zealand (RBNZ) is increasingly answering to a diverse range of…

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