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ECB and PBoC extend currency swap deal for three years

ECB and PBoC extend currency swap deal for three years

The European Central Bank and the People’s Bank of China extended a currency swap deal for another three years on October 10. The swap line is aimed at ensuring euro area banks do not run…

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St Louis Fed president appeared at private Citigroup event

St Louis Fed president appeared at private Citigroup event

The president of the Federal Reserve Bank of St Louis, James Bullard, spoke to a closed event hosted by Citigroup, the New York Times reported on October 20. The event took place on October 14…

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Atlanta Fed chief admits to trading rules violations

Atlanta Fed chief admits to trading rules violations

The president of the Federal Reserve Bank of Atlanta, Raphael Bostic, admitted on October 14 that he had violated trading and disclosure rules governing equities holdings. Bostic’s statement is the latest in a series of…

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Brazil set to nominate Goldfajn to lead regional bank

Brazil set to nominate Goldfajn to lead regional bank

The Brazilian government will nominate former central bank governor Ilan Goldfajn as its candidate for the presidency of the Inter-American Development Bank (IDB), media reports indicate. If put forward, Goldfajn would be one of two…

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CBDC, cash and fast payments: the view from the IMF meetings

CBDC, cash and fast payments: the view from the IMF meetings

From left: Bo Li, Cecilia Skingsley and Vera Songwe at the IMF meetings “As technology moves, we have left shells and gold and copper coins and the like behind us. And we’re now slowly getting…

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African governors face multiple financial ‘floods’

African governors face multiple financial ‘floods’

Various post-Covid shocks have damaged African economies, including inflation, war and market dysfunction, Central Bank of Kenya governor Patrick Njoroge said in a speech that called for more support from multilateral agencies. Njoroge said huge…

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Maintaining trust is top focus of comms teams

Maintaining trust is top focus of comms teams

Maintaining high levels of trust in the central bank is seen as the most important factor in determining whether communications are succeeding. Respondents to the Communications Benchmarks 2022 gave trust the highest score among indicators…

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Central African ministers intervene in central bank recruitment

Central African ministers intervene in central bank recruitment

Bank of Central African States A ministerial committee of the Central African monetary union froze a controversial recruitment process at the regional central bank on October 6. The decision followed charges of irregularities and nepotism,…

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RBI working towards phased CBDC launch

RBI working towards phased CBDC launch

The Reserve Bank of India revealed its plans for a phased introduction of central bank digital currency (CBDC), in a “concept note” published on October 7. “RBI is currently engaged in working towards a phased…

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Development banks need to change amid global threats – Yellen

Development banks need to change amid global threats – Yellen

Ahead of the World Bank and International Monetary Fund’s annual meeting, US Treasury secretary Janet Yellen called for a retooling of development banks. “We must start now” on reforming development banks to deal with cross-border…

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