An Australian government minister has welcomed the departure of two central bank board members and refused to commit to extending the governor’s term. Central bank board members Wendy Craik and Mark Barnaba will not seek…
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A senior official at the Reserve Bank of Australia said the central bank has been “wrestling” with the question of why Australia would need a central bank digital currency (CBDC). Brad Jones, assistant governor, made…
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Talking to public has been “sobering” and helped shape communication, officials say by : Source link
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Veteran banker Zhu Hexin has emerged as a frontrunner to become the governor of the Chinese central bank after parliament’s annual session in March. Yi Gang, the current chief of the People’s Bank of China,…
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On February 22, Agustín Carstens set out the Bank for International Settlements’ vision for the future monetary system: programmable money on a shared ledger. The unified public-private ledger would combine the existing monetary system with…
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World Bank, Washington, DC The US will put forward Ajay Banga, the former chief executive of Mastercard, as its candidate for president of the World Bank Group. Banga would succeed David Malpass, who began a…
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The Bank of Russia will launch a pilot for the digital ruble in April that will test transactions between individuals and retail payments. Thirteen banks that have signalled their readiness will participate, deputy governor Olga…
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Central banks promise to ‘restore stability’ under their mandate – the 2%-a-year inflation standard – after the great pandemic and war inflation of 2021–22. We question, however, whether this is feasible. We also argue that…
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With Lael Brainard officially leaving the Federal Reserve Board, Washington is again speculating about who US president Joe Biden will appoint to the US central bank. Brainard will become director of the National Economic Council,…
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The Bank of Japan said today (February 17) it will start a pilot programme in April to test the use of a digital yen. The move follows two years of experiments that the Bank of…
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