Officials pondered the trade-offs between wholesale and retail central bank digital currencies (CBDC) in a panel during the International Monetary Fund Spring meetings. Overall, the participants welcomed the major progress in digital financial infrastructures over…
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The UK’s Financial Conduct Authority today (August 7) unveiled a global network of regulators that will collaborate on a joint fintech sandbox, among other roles. The Global Financial Innovation Network (GFIN) brings together 12 bodies,…
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The US is not the only country to create monetary policy spillovers via both macroeconomic and financial channels, research published by the Bank of England finds. Silvia Miranda-Agrippino and Tsvetelina Nenova say the world is…
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Researchers at the IMF have called for governments to adopt a more nuanced approach to tackling large stocks of public debt, warning of the dangers of “knee-jerk” fiscal consolidation in a staff discussion note published…
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The Central Bank of Brazil governor, Roberto Campos Neto, signalled over the weekend interest rates at 12.75% should be enough to bring inflation down to the target. The key Selic rate currently stands at 11.75%.…
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The Central Bank of Chile announced on April 18 that its board of directors had adopted a new code of conduct for its members. In its press release, the central bank said that the code…
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The Central Bank of the Republic of Turkey (CBRT) is to hold an extraordinary general meeting on January 18, allowing it to make an early distribution of profits to the government. The central bank made…
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The Bank of England is looking for a partner to help it design and build the systems needed to allow staff to tap into public cloud services. The BoE says it wants to tap into…
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The Central Bank of the Republic of Azerbaijan Azerbaijan’s president appointed a new central bank governor today (April 13), one day after the departure of the man who held the job for 27 years. Official…
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Shinichi Uchida, executive director at the Bank of Japan, outlined the next phase of work on the country’s prospective central bank digital currency (CBDC) on April 13. Earlier in April, the central bank started phase…
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