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Fed’s CBDC efforts should not be driven by digital yuan, Fed official says

Fed’s CBDC efforts should not be driven by digital yuan, Fed official says

The Federal Reserve’s decision to issue a central bank digital currency (CBDC) should be made independent of what Chinese policy-makers do, an official from the St Louis Fed says. “I think China’s going to do…

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MAS launches new regtech grant

MAS launches new regtech grant

The Monetary Authority of Singapore has launched a new grant fund to help financial firms test new forms of technology before deploying it live. Under the regtech grant scheme, an extension of the central bank’s…

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Inflation, Fed policy and emerging markets: the good, the bad and the ugly

Inflation, Fed policy and emerging markets: the good, the bad and the ugly

Clint Eastwood, star of ‘The good, the bad and the ugly’ Financial markets are fixated on prospects for US inflation and Federal Reserve policy, and appropriately so. Rising interest rates may exacerbate already-elevated debt burdens…

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Fed set to adopt ‘elements’ of price-level targeting

Fed set to adopt ‘elements’ of price-level targeting

Covid-19 could act as a catalyst for a Janet Yellen-supported Fed move to adopt elements of price-level targeting. But questions remain about the timing of such a move by : Source link

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Multiple expectations test communications – Central Banking

Multiple expectations test communications – Central Banking

Finance minister Grant Robertson has sparred with the RBNZ over house prices Once a world-leading, single-minded guardian of price stability, the Reserve Bank of New Zealand (RBNZ) is increasingly answering to a diverse range of…

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Riksbank to revise ethical rules after staff infringements

Riksbank to revise ethical rules after staff infringements

Sveriges Riksbank will revise its internal ethical regulations following breaches by employees, it said today (June 18). “In connection with a routine check of employees’ asset transactions, it has been noted that a few employees…

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BoE suspends dividend as capital falls below target

BoE suspends dividend as capital falls below target

The Bank of England will not be paying a dividend to the government this year, as its loss-absorbing capital dipped below the minimum level agreed with the UK Treasury. The BoE did make a pre-tax…

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MAS’s Vincent Loy and Celine Sia on transforming data management

MAS’s Vincent Loy and Celine Sia on transforming data management

Could you start by giving an overview of the Monetary Authority of Singapore’s work so far in overhauling data management? Vincent Loy: Data is extremely important to MAS, Singapore’s central bank and integrated financial regulator. We…

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Pandemic changes could help women advance in central banks

Pandemic changes could help women advance in central banks

More women may gain senior roles in central banks due to the changes brought about by the Covid-19 pandemic, a panel of senior policy-makers told a webinar today (June 25). The Deutsche Bundesbank’s vice-president Claudia…

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China abandons cryptocurrencies under the PBoC (this time it’s for real)

China abandons cryptocurrencies under the PBoC (this time it’s for real)

The mining and trading of crypto assets in China has experienced a crackdown since mid-May. Financial institutions and payment companies were banned from providing services related to cryptocurrency transactions; and investors were warned against speculative crypto…

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