The screening of local government debt is currently in progress. Are you worried that the revealed scale of the issue will escalate, so creating a local debt crisis? The problem of local government debt is…
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Federal Reserve board member Lael Brainard said on April 5 that Fed policy-makers could start shrinking its balance sheet “at a rapid pace” from May. Brainard declared that “it is of paramount importance to get…
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An investigation by a US-based foundation says Zimbabwean authorities, including the central bank, gave hundreds of millions of US dollars to a politically connected businessperson. The Sentry, a Washington-based investigative foundation, reported that Zimbabwean authorities…
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The Central Bank of the Republic of Turkey The Central Bank of the Republic of Turkey (CBRT) has paid out its profits to the government early, following an extraordinary general meeting held today (January 18).…
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Only two women applied to replace Mark Carney as governor of the Bank of England (BoE), despite the involvement of a recruitment firm that prides itself on attracting female applicants. A letter from the chancellor…
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Central Bank of Sri Lanka Sri Lanka’s president has appointed an official previously accused of negligence by a judicial inquiry to lead the central bank, after the ex-governor resigned amid worsening crisis. Gotabaya Rajapaksa asked…
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China is expanding its e-yuan pilot, the People’s Bank of China announced on April 2. Eleven cities will begin trials of the central bank digital currency (CBDC), in addition to 10 existing pilot centres, the…
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Which banks are most exposed to Evergrande? What is their current liquidity ratio and what will happen after a stress event? These are the sorts of questions that the Bank for International Settlements-led Project Ellipse…
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Mark Carney speaks at the IMF meetings There is an opportunity for digital currencies to support a transition away from the destabilising effects of US dollar dominance, Bank of England governor Mark Carney says. In…
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The eurozone needs to work hard to end its reliance on debt, European Central Bank (ECB) vice-president Vítor Constâncio said on June 24. In remarks to a conference entitled “Debt – economic, political and moral…
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