Central Bank of Costa Rica A conflict between Central Bank of Costa Rica (BCCR) and its financial regulatory arm escalated on September 1, when the prosecution service raided the offices of the regulator’s oversight council.…
Read More
The US Senate voted to confirm two people nominated by president Joe Biden for senior posts on the Federal Reserve on September 6. It confirmed Philip Jefferson as vice-chair of the Fed’s board. It also…
Read More
The People’s Bank of China (PBoC) is working on rolling out unified QR code standards that would enable payments using its central bank digital currency (CBDC), the digital yuan. Under the plans, people would be…
Read More
New head for PBoC The standing committee of China’s congress named Pan Gongsheng governor of the People’s Bank of China on July 25, succeeding Yi Gang. The PBoC had already announced on July 1 that…
Read More
The National Bank of Kazakhstan (NBK) has joined the Bank for International Settlements-led mBridge project, the National Payment Corporation of Kazakhstan revealed on August 25. The national provider of payments systems and digital financial infrastructure…
Read More
UK: The UK government has promoted Sarah Breeden to deputy governor for financial stability at the Bank of England. She will replace Jon Cunliffe on November 1, when his term ends. Breeden is currently executive…
Read More
A UK central bank digital currency (CBDC) could support innovation, but the Bank of England should be wary of giving some firms too much market power, a new study says. The report, by BoE digital…
Read More
Monetary policy-makers used to believe they should say as little as possible. But, since the 1990s, a shift in thinking took place as many central banks worldwide moved towards adopting inflation-targeting regimes. Managing people’s expectations…
Read More
Former US president Donald Trump said he would not nominate Federal Reserve chair Jerome Powell to a third term. “I thought he was always late, whether it was good or bad, but he was always…
Read More
Issuing a retail central bank digital currency (CBDC) is likely to have a “negligible” impact on the macroeconomy, new research finds. In the working paper, economists with the Central Bank of Colombia explore possible design…
Read More