US Federal Reserve chair Jerome Powell told reporters that the Fed would significantly reduce its guidance on future monetary policy actions. “As it relates to September, I said another unusually large increase could be appropriate,…
Read More
The Financial Conduct Authority admitted to inadvertently publishing confidential information today (February 25), following a mix-up concerning a freedom of information request. In a statement, the regulator admitted the data breach had occurred following a…
Read More
The Bank of England saw its profits dip in the 2017–18 financial year, as it invested in new capacity and rolled out a new series of polymer banknotes. The BoE’s annual report was published on…
Read More
National Palace of El Salvador, San Salvador The Legislative Assembly of El Salvador voted on August 9 to dissolve the country’s statistical agency and transfer its functions to the Central Reserve Bank. The government says…
Read More
Bank of Central African States The president of the ministerial committee that oversees the Bank of Central African States (BEAC) ordered its governor, Abbas Mahamat Tolli, to cease a hiring round for senior management on…
Read More
Hong Kong’s de facto central bank is organising a business competition aimed at promoting research on central bank digital currencies (CBDCs). Banks, fintech companies and tech firms can submit business plans on topics ranging from…
Read More
The UK’s Financial Conduct Authority (FCA) is to examine the merits of establishing a global regulatory sandbox for the testing of financial technology (fintech) and other innovations. “This could potentially allow firms to conduct tests…
Read More
The creation of a vibrant market in SDR linked to commodity prices could create a powerful new monetary anchor, argues Warren Coats by : Source link
Read More
National Palace of El Salvador, San Salvador El Salvador’s legislature ordered the central bank to convert more than $360 million worth of IMF special drawing rights (SDRs) into dollars and transfer these to the finance…
Read More
Central banks that get involved earlier in the policy-making process rate their effectiveness more highly, data from Communications Benchmarks 2022 reveals. Similarly to last year’s benchmark, most officials said their comms teams are involved in…
Read More