Data collected by the European Central Bank (ECB) is pointing towards a September rate cut, board member Piero Cipollone told Le Monde on September 4. Although he did not commit to a monetary policy path,…
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Brazil: President Luiz Inácio Lula da Silva on August 28 nominated Gabriel Galípolo, a political ally, to be the next governor of the Central Bank of Brazil (BCB). Since 2023, Galípolo has been the bank’s deputy…
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The Bank of Russia said on August 30 that it was expanding its central bank digital currency (CBDC) pilot programme. The bank said the new phase, which started on September 1, would involve “up to 9,000…
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Jamaica’s finance minister, Nigel Clarke, is set to become a deputy managing director of the International Monetary Fund (IMF). The institution’s managing director, Kristalina Georgieva, put Clarke’s name forward to the IMF’s executive board on…
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A report alleges that the Bank of Albania printed €30 million ($33.4 million) outright to purchase and renovate a new office in 2010. The report, by investigative news outlet Balkan Insight, references a leaked classified…
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Hungary’s central bank completes carbon capture programme – Central Banking End of drawer navigation content Skip to main content MNB expects 75% reduction in emissions by end of 2025 The Central Bank of Hungary (MNB)…
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People: July to September 2024 – Central Banking End of drawer navigation content Skip to main content A round-up of central bankers in the news and on the move during the past three months Martin…
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Central bank digital currencies (CBDCs) could contribute to financial instability, a Federal Reserve working paper finds. Francesca Carapella et al examine several ways CBDCs could create instability, and how central banks could mitigate this, in…
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People: Sri Lanka appoints two new deputy governors – Central Banking End of drawer navigation content Skip to main content Nithya Navaratnam named deputy head of BIS banking department The Central Bank of Sri Lanka…
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Introducing a central bank digital currency (CBDC) would accentuate the contractionary effects of monetary policy shocks, a study by the Bank of Canada has found. The authors – researchers Saroj Bhattarai, Mohammad Davoodalhosseini and Zhenning…
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