The Central Bank of Hungary (MNB) incurred a loss of 1,763 trillion forints ($4.74 billion) in 2023, the largest loss since its foundation, it said on May 21. Some 93.2% of the losses, or 1,643…
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The Swiss National Bank (SNB) has become “the world’s first central bank” to carry out a monetary policy operation using distributed ledger technology, it announced today (June 20). Token-based SNB bills worth Sfr64 million ($72…
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Eleven central bank communications teams have become less involved in key policy-making over the past four years, data from Central Banking Communications Benchmarks spanning from 2021 to 2024 suggests. In this year’s benchmark, 33 communications…
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The Bank of Japan published on April 22 an interim report on its central bank digital currency (CBDC), which raises the possibility of allowing external parties to tap into CBDC payment data. Drawing on the…
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Facebook, LinkedIn, and X (formerly Twitter) are the three most-used social media platforms for central banks’ external communications, according to the Communications Benchmarks 2024. Among 31 central banks with a presence on social media, 18…
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Eurotower, Frankfurt, home to ECB banking supervision The European Central Bank (ECB) appointed senior officials from France, Ireland and Portugal as its representatives to its supervisory board on June 5. Central Bank of Ireland deputy…
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The Bank for International Settlements (BIS) is to test an automated foreign exchange settlement in wholesale central bank digital currency (CBDC) payments. The BIS’s Innovation Hubs in the Eurosystem and in Singapore will collaborate with…
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Central banks typically rely on trust levels as well as audience comprehension to judge the impact of public information, the Communications Benchmarks 2024 shows. Audience trust levels average a score of 8.6 out of a…
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Georgieva gets second term at IMF The executive board of the International Monetary Fund unanimously decided to renew Kristalina Georgieva’s position as managing director for a second five-year term, it announced on April 12. The board…
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Saudi Arabia’s central bank has joined the Bank for International Settlements’ (BIS) cross-border central bank digital currency (CBDC) project, mBridge, as a participant, after being an observing member. On June 5, mBridge’s members also launched…
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