Central Bank of Colombia, Bogota Colombian president Gustavo Petro has criticised the central bank’s monetary policy, warning its recent rate hikes could trigger a recession. Petro’s comments on a Twitter thread on October 5 followed…
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The Paraguayan senate approved the appointment of Carmen Marín, an administration official and former vice-minister of finance, to the central bank’s board. A former central bank governor, Carlos Fernández Valdovinos, and the head of the…
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Israel, Norway and Sweden will test linking their domestic central bank digital currencies (CBDCs) in a project co-ordinated with the Bank for International Settlements. The Bank of Israel, Central Bank of Norway and Sveriges Riksbank…
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The US and South Korea agreed on October 1 to implement liquidity facilities to quell financial instability if needed, South Korea’s finance ministry said after a teleconference between the finance chiefs of the two countries.…
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Most central banks participating in the Communications Benchmarks 2022 use ‘layering’ in an effort to make their key announcements as widely understood as possible. One example of this is using different language for various audiences,…
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The president of Guatemala, Alejandro Gianmattei, appointed finance minister Álvaro Gónzalez Ricci as the new governor of the Bank of Guatemala on October 1. Gónzalez succeeds Sergio Recinos, who has led the central bank since…
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The central banks of China, Hong Kong, Thailand and the United Arab Emirates have completed a cross-border digital currency trial co-ordinated by the Bank for International Settlements. The central bank digital currency (CBDC) trial ran…
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The Panel Malick Dioume, Director, Risk Management, Bank of Haiti Reinhold Felber, Head of Reserve Management, Operations Department,Central Bank of Luxembourg Hatem Ibrahim, Chief Financial Officer, Central Bank of Egypt Jarno Ilves, Head of Asset Management,…
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The International Monetary Fund has ruled out providing financial assistance to Zimbabwe, following a staff mission to the country. The mission’s leader, Dhaneshwar Ghura, said the IMF was “precluded from providing financial support to Zimbabwe…
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The presidents of several regional Federal Reserve Banks signalled they are set on tightening monetary conditions substantially to lower demand to meet constrained supply. Both Susan Collins of the Boston Fed and James Bullard of…
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