Bank of Canada lost C$522 million ($385.5 million) last quarter, its first quarterly loss since its foundation in 1935. The central bank has been selling off its pandemic asset purchases since April. At the same…
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PBoC’s Yi dropped from committee Political observers believe the governor of the People’s Bank of China, Yi Gang, may step down soon after he was left off the Chinese Communist Party’s Central Committee at the…
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The Central Bank of Nigeria, the first African central bank to issue a retail CBDC Central banks in Africa are more focused on the potential benefits of central bank digital currency (CBDC) for monetary transmission…
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Jerome Powell gives testimony Federal Reserve chair Jerome Powell told US legislators on March 2 that he and his colleagues “expect it will be appropriate” to raise rates this month. In a response to a…
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Ilan Goldfajn is to take over as president of the Inter-American Development Bank (IDB), seeing off four other candidates to secure the presidency. A former governor of the Central Bank of Brazil, Goldfajn won the…
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The Bank of Japan said today (August 8) it has not scrapped its preparations for a potential launch of a central bank digital currency (CBDC), dismissing reports by a number of media outlets. Tomohiro Sugo,…
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Media relations takes up the most time, on average, for central bank communications teams, but other duties are not far behind. Data from Communications Benchmarks 2022 shows comms teams spent an average of 15.1% of…
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The Bank of Spain announced on November 18 that a jury headed by its governor would award a major economics prize to Bank for International Settlements president Agustín Carstens. The central bank’s statement said that…
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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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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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