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Many central banks ‘layer’ news for different audiences

Many central banks ‘layer’ news for different audiences

Most central banks participating in the Communications Benchmarks 2022 use ‘layering’ in an effort to make their key announcements as widely understood as possible. One example of this is using different language for various audiences,…

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Finance minister becomes new Guatemala governor

Finance minister becomes new Guatemala governor

The president of Guatemala, Alejandro Gianmattei, appointed finance minister Álvaro Gónzalez Ricci as the new governor of the Bank of Guatemala on October 1. Gónzalez succeeds Sergio Recinos, who has led the central bank since…

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China, Hong Kong, Thailand and UAE complete cross-border CBDC test

China, Hong Kong, Thailand and UAE complete cross-border CBDC test

The central banks of China, Hong Kong, Thailand and the United Arab Emirates have completed a cross-border digital currency trial co-ordinated by the Bank for International Settlements. The central bank digital currency (CBDC) trial ran…

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Managing risk with ETFs – Central Banking

Managing risk with ETFs – Central Banking

The Panel Malick Dioume, Director, Risk Management, Bank of Haiti Reinhold Felber, Head of Reserve Management, Operations Department,Central Bank of Luxembourg Hatem Ibrahim, Chief Financial Officer, Central Bank of Egypt Jarno Ilves, Head of Asset Management,…

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IMF says it will not provide loans for Zimbabwe

IMF says it will not provide loans for Zimbabwe

The International Monetary Fund has ruled out providing financial assistance to Zimbabwe, following a staff mission to the country. The mission’s leader, Dhaneshwar Ghura, said the IMF was “precluded from providing financial support to Zimbabwe…

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Regional Fed presidents signal resolve and acknowledge recession risks

Regional Fed presidents signal resolve and acknowledge recession risks

The presidents of several regional Federal Reserve Banks signalled they are set on tightening monetary conditions substantially to lower demand to meet constrained supply. Both Susan Collins of the Boston Fed and James Bullard of…

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Bank of Uganda denies government broke law on loan repayment

Bank of Uganda denies government broke law on loan repayment

The Bank of Uganda has publicly denied an opposition party’s claims that the government has broken the law by failing to repay a large loan. In a September 20 statement, the central bank said it…

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IDB fires president after accusations of abuse of power

IDB fires president after accusations of abuse of power

Inter-American Development Bank headquarters The board of governors of the Inter-American Development Bank (IDB) removed the bank’s president, Mauricio Claver-Carone, on September 26. The move came after the president failed to fully co-operate into an…

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Rate rises reveal defi weaknesses – Powell

Rate rises reveal defi weaknesses – Powell

Central banks raising interest rates around the world has revealed the structural weaknesses in decentralised finance (defi), Jay Powell said at a conference today (September 27). The Federal Reserve chair was joined by other top…

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More reserve managers use ETFs

More reserve managers use ETFs

More central banks are using exchange-traded funds (ETFs) to diversify their reserves in pursuit of safety, liquidity and returns. According to BlackRock’s Laurence Fink, chairman and chief executive, and Stanley Fischer, senior adviser, ETFs have…

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