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Bank of Thailand to launch retail CBDC pilot

Bank of Thailand to launch retail CBDC pilot

Thailand’s central bank says it will launch a pilot study of a retail central bank digital currency (CBDC) by the end of this year. It is necessary to extend the scope of retail CBDC development…

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Argentine central bank debt poses major risks, analyst says

Argentine central bank debt poses major risks, analyst says

A senior analyst at Moody’s rating agency said on November 16 that the Argentina’s central bank bonds have become “a threat to macroeconomic stability”. The comments by the analyst, Gabriel Torres, at a webinar, coincided…

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RBA to return to “less specific” forward guidance

RBA to return to “less specific” forward guidance

Reserve Bank of Australia Australia’s central bank says it intends to use a “less specific” form of forward guidance in future, after it drew criticism for raising rates much earlier than it had previously predicted.…

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Project shows blockchain making FX trades faster and safer – NY Fed

Project shows blockchain making FX trades faster and safer – NY Fed

The first stage of a Federal Reserve Bank of New York project has found that blockchain technology could make wholesale cross-border payments faster and safer. The New York Fed released its Project Cedar phase-one results…

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Most central banks are bilingual communicators

Most central banks are bilingual communicators

Most central banks communicate in two languages, but only a handful go so far as to communicate in three. Data from Communications Benchmarks 2022 shows nearly two-thirds of respondents communicate in two languages, while only…

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Former Lesotho governor becomes finance minister

Former Lesotho governor becomes finance minister

The first woman governor of the Central Bank of Lesotho, Retšelisitsoe Matlanyane, has been appointed finance minister. Matlanyane is serving in the cabinet of Sam Matekane, leader of the Revolution for Prosperity party, which won a…

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Australian senator introduces bill to regulate e-yuan

Australian senator introduces bill to regulate e-yuan

Australian senator Andrew Bragg has introduced a bill to impose reporting requirements for Chinese banks that may make the e-yuan available in Australia. Bragg, of the conservative Liberal party, chaired Australia’s parliamentary select committee on…

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US consumers may be listening more to Fed comms, researchers say

US consumers may be listening more to Fed comms, researchers say

US consumers are growing more attentive to inflation, according to researchers using data from a survey conducted by the Federal Reserve of Cleveland. Because of this, it’s possible that “their expectations are more informative, likely…

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Brazil formally nominates Goldfajn for IDB post

Brazil formally nominates Goldfajn for IDB post

The Brazilian finance ministry formally announced on October 24 that Ilan Goldfajn will be Brazil’s official candidate to lead the Inter-American Development Bank (IDB).  The IDB board of governors will elect a new president of…

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Hong Kong forges ahead with retail CBDC plans

Hong Kong forges ahead with retail CBDC plans

Hong Kong’s de facto central bank is preparing for the possible issuance of the city’s own retail central bank digital currency (CBDC). The Hong Kong Monetary Authority made the announcement on September 20, after looking…

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