Australia’s central bank is increasing its research into digital currencies, despite its scepticism about the case for issuing one, its head of payment policy said. The risk of private sector initiatives dominating the payment space…
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Financial and institutional banking have undergone a transformational technological shift, meaning working in real time is increasingly commonplace. This is not the case for payments and settlement, which can still take days. Baton Systems explores how…
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The increase in dollar funding costs in March might have been exacerbated by structural changes since the global financial crisis, says research from the International Monetary Fund. The cross-currency basis, a popular measure for US…
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Fiscal policy-makers in sub-Saharan Africa should be “cautious” when it comes to forecasting the deficits they can finance, allowing for the possibility of losing market access, the Bank of Uganda deputy governor has said. Louis…
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‘Say what?’ Trust in central bank communications – Central Banking Central banks are changing how they communicate with different audiences, but judging the success of these communication efforts is difficult The European Central Bank is…
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The US Federal Reserve’s Eccles Building As the Covid-19 pandemic began, the Federal Reserve Board’s ethics advisers recommended officials limit personal investing activities. In an email sent on March 23, 2020, ethics personnel urged Fed…
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Agustín Carstens has driven the ‘Innovation BIS 2025’ strategy The Bank for International Settlements says it has coped well with the coronavirus pandemic, but it has chosen not to pay a dividend for the first…
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The Reserve Bank of Australia’s renovated head office in Sydney will be equipped with solar panels and a “rainwater harvesting system” when completed later this year. According to the RBA’s latest annual report, the renovations are just one of the RBA’s initiatives to decrease its own carbon footprint and ensure…
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Washington, DC: The managing director of the International Monetary Fund has nominated Kenji Okamura as the fund’s next deputy managing director. The IMF said Kristalina Georgieva had made her nomination known to the fund’s board of…
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Despite rapid progress on research into central bank digital currencies (CBDCs), more work is needed in some important areas, a Bank for International Settlements working paper says. Raphael Auer and co-authors identify cross-border CBDCs as…
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