Sveriges Riksbank has submitted a proposal to the Swedish parliament to transfer Skr3.8 billion ($411 million) of its profits to the Treasury, the central bank said today (February 18). The plan put forward by the…
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Central banks have been understandably cautious about embracing cloud computing, fearing data breaches and other cyber risks. So one might not necessarily expect the financial markets group – critical as it is to the Reserve…
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The government of Kuwait said it had appointed Basel Al-Haroun the next governor of the Central Bank of Kuwait, Reuters reported on March 14. He will succeed Muhammad Yousef al-Hashel, who has been governor since…
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US president Joe Biden has ordered government agencies, including the Federal Reserve, to develop a central bank digital currency (CBDC) proposal within seven months. The March 9 executive order gave the Fed and other agencies…
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Central banks – more than ever – have to be alert and, if necessary, take action to ensure the safety and soundness of the financial system. Their reputations are on the line and it is…
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Foreign dollar-denominated sovereign debt is “highly responsive” to Federal Reserve monetary policy, a paper published by the Federal Reserve finds. Simon Gilchrist, Vivian Yue and Egon Zakrajsek measure how yields on foreign government debt issued in dollars…
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Central banks may wield significant fiscal power, raising the need for a debate on the limits of delegated authority, panellists at a conference hosted by the Deutsche Bundesbank said today (July 9). In a panel…
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The Central Bank of West African States (BCEAO) on March 11 denied reports on social media that it plans to devalue the CFA franc. The central bank – which operates across eight West African states,…
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Mexico’s central bank governor has rejected a statement by the country’s president that implicated him in a controversial loan. On August 26, in his daily press conference, Mexican president Andrés Manuel López Obrador accused the public…
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The Central Bank of Iran (CBI) may be forced to print money, potentially adding to the country’s rapid money supply growth, as the government looks for ways to fill a widening gap in its finances.…
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