Kenya’s president William Ruto has nominated his adviser Kamau Thugge as the next central bank governor, despite his implication in a financial scandal. Thugge was arrested in 2019 on corruption charges, with another senior civil…
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Distributed ledger technology can improve cross-border payments, the New York Fed and the Monetary Authority of Singapore found in phase two of their joint project, known as Cedar. The two central banks linked their digital…
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Leaks relating to European Central Bank monetary policy are frequent and have a “sizeable impact on financial markets”, finds research published by the ECB on May 19. Authors Michael Ehrmann, Phillipp Gnan and Kilian Rieder note…
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Robert Lucas, who won the Nobel Prize in economics for groundbreaking work on rational expectations, died on May 15. He was 85. Lucas spent the majority of his academic career at the University of Chicago,…
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The Hong Kong Monetary Authority The Hong Kong Monetary Authority has launched a pilot programme for a retail central bank digital currency called e-HKD, it said on May 18. In the next few months, the…
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The International Monetary Fund approved a $3 billion, three-year loan package for Ghana on May 17, after nearly a year of negotiations. The IMF will release about $600 million to Ghana immediately. The loan comes…
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It was a challenging year for communications staff at central banks. Surging global inflation prompted many central banks to begin the fastest monetary tightening cycles in decades, putting pressure on communications specialists to keep the…
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Andrea Enria nears term end at SSM; Bank of Canada appoints deputy; Israel names SWF head by : Source link
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The Bank of Korea and Samsung Electronics said they will press ahead with their research on an offline central bank digital currency (CBDC). The central bank said it signed a memorandum of understanding with the…
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Central banks have a “long way to go” in improving several aspects of gender equality, despite some progress towards self-imposed targets, research published by the International Monetary Fund finds. Central banks play a core role…
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