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Beth Hammack named new Cleveland Fed president

Beth Hammack named new Cleveland Fed president

On May 29, the Federal Reserve Bank of Cleveland announced Beth Hammack will serve as its next president and chief executive. Hammack will assume office on August 21, 2024, in time to serve as a…

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BIS’s Zhang Tao on why Asian central banks favour a broader policy mix

BIS’s Zhang Tao on why Asian central banks favour a broader policy mix

BIS’s Zhang Tao on why Asian central banks favour a broader policy mix – Central Banking End of drawer navigation content Skip to main content The BIS’s Asia chief speaks with Christopher Jeffery and Jimmy…

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Majority of central banks plan to revamp website in next two years

Majority of central banks plan to revamp website in next two years

Most central banks have plans to overhaul their website in the next two years, data from the Communications Benchmarks 2024 shows. Twenty out of 34 central banks (59%) that responded to the newly added question…

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Riksbank’s Thedéen to be next Basel Committee chair

Riksbank’s Thedéen to be next Basel Committee chair

Sveriges Riksbank governor Erik Thedéen will take over as chair of the Basel Committee on Banking Supervision, the committee’s oversight body said on May 13. The Group of Governors and Heads of Supervision (GHOS) appointed…

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BdF governor: ‘We will need a CBDC’

BdF governor: ‘We will need a CBDC’

François Villeroy de Galhau Central banks would need both wholesale and retail digital currencies, the Banque de France’s (BdF) governor said on May 6. They needed to take risks, rather than wait for “absolute certainty”…

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Communications Benchmarks 2024 – model banks analysis

Communications Benchmarks 2024 – model banks analysis

Central bank communications is a multifaceted operation, from internal to external stakeholders and audiences ranging from specialised economists to the media and general public. Demographics, technology adoption and even geography can affect how central banks…

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RBI payout to Indian government more than doubles

RBI payout to Indian government more than doubles

The Reserve Bank of India (RBI) is set to transfer 2.1 trillion rupees (approximately $25 billion) in dividends to the country’s government, more than double the amount from last year. The figure represents a 141%…

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FDIC chair Gruenberg steps down after harassment review

FDIC chair Gruenberg steps down after harassment review

Martin Gruenberg, chair of the US Federal Deposit Insurance Corporation, is stepping down after a review found the regulator had failed to deal with widespread cases of misconduct, including complaints against the chair himself. “In…

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China links CBDC to Hong Kong’s fast payments system

China links CBDC to Hong Kong’s fast payments system

The People’s Bank of China has expanded its central bank digital currency (CBDC) pilot by linking it to Hong Kong’s fast payments system and allowing local residents to top up their wallets. The new interoperability…

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Press releases outnumber officials’ public appearances

Press releases outnumber officials’ public appearances

Central banks issued more press statements than the number of public appearances made by senior officials in the past year, the Communications Benchmarks 2024 shows. The average number of senior officials’ public appearances is 74.3.…

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