The Indian government directed the Reserve Bank of India to begin developing a central bank digital currency (CBDC) today (February 1), as part of a package of budgetary measures unveiled by finance minister Nirmala Sitharaman. “Introduction…
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The Reserve Bank of India is drawing on new technology to support its supervision as it looks to keep up with the proliferation of fintech firms in the country, governor Shaktikanta Das said in recent…
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The Bank of Canada kept interest rates unchanged but removed its forward guidance today (January 26). The policy interest rate stands at 0.25%. Economic slack was absorbed “faster than expected” in late 2021, the…
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The Reserve Bank of India (RBI) has adopted a new approach to communicating its debt management strategy, unveiling a three-year plan on December 31. The medium-term debt management strategy (MTDS) document lays out the RBI’s…
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The Bank of England is looking to improve the diversity of its market intelligence contacts through the ‘meeting varied people’ initiative, launched today (April 21) by governor Andrew Bailey. Speaking at an online event, Bailey said…
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The State Bank of Pakistan Pakistan’s central bank has asked the government to reconsider its request to funnel donations to Afghanistan, saying the move risks breaking international regulations. The Express Tribune, a Karachi newspaper,…
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External auditors expressed “reservations” about the Bank of Mozambique’s 2019 financial statements, saying the government is not paying a $600 million debt to the central bank. The criticism follows “adverse opinions” issued against the 2017…
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Minutes of the Bank of England’s April board meeting shed new light on the massive programme of staff redeployment the central bank was forced to implement as the Covid-19 epidemic broke out in the UK.…
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The governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, died on January 23 at Nairobi Hospital, in the Kenyan capital. He was 72. The central bank did not give a cause of death in its…
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As technological evolution transforms the financial landscape, central banks play an essential role in preserving trust in money, said Agustín Carstens in a speech on January 18. The general manager of the Bank for International…
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