Coronavirus
Transactional cash usage ebbs and flows in response to Covid-19
The proportion of payments made in cash ranged from 3% to 88%
‘Say what?’ Trust in central bank communications
Central banks are changing how they communicate with different audiences, but judging the success of these communication efforts is difficult
Saudi Arabia gives $3 billion to Egyptian central bank
Donation is pandemic aid, and follows similar deposit with Pakistan central bank
Eurozone inflation expected to hit 4.1% in October
Figure would be joint highest reading since the single currency was introduced
Colombia continues tightening monetary policy
Central bank board unanimous on raising rates, but splits 5–2 on size of increase
Azerbaijan authorities order 50bp hike
Price deregulation and global factors lead list of inflation drivers
North Korea issues coupons instead of cash
Experts say closing of Chinese border due to Covid-19 may have halted banknote production
Indian government reappoints Das as governor
Das gets new three-year term, as economy rebounds from Covid shock
Is Powell still on track for second term?
Despite scandals and vocal criticism, support still looks likely to outweigh opposition
Bank of Canada ends QE
Inflation proving “stronger and more persistent than expected”
BSP governor sides with ‘team transitory’ as inflation stays high
Philippine inflation averaged 4.5% during the first nine months this year, well above target
Central banks sign up to Fed’s Fima facility
Reported usage is marginal, but backstop is highly valued by reserve managers
Central bank communications ‘after’ Covid
From crisis responses to coping with sudden digitisation, Covid-19 forced central bank comms teams to innovate fast. How much of it will stick?
Kazakhstan continues monetary tightening
National Bank orders third 25bp increase in a row, in line with Russia
Bank of Russia raises rates and inflation forecasts
Nabiullina warns central bank will tighten policy further if above-target inflation persists
Chilean president grants Marcel new term as governor
Central bank leader faces continued challenges from pandemic and rapid political change
PBoC steps up efforts to safeguard cash use
Chinese central bank fines railway $78,000 over refusal to accept cash in ticket office
Fed announces strict new trading rules for senior officials
Regulations would ban individual investments, increase disclosure and restrict transactions
Paraguay’s MPC hikes rates by 125 basis points
Country follows Chile with unexpectedly large tightening as inflation continues to rise
Bank of Thailand raises LTV ratio cap as recovery slows
Central bank says home loan measure has limited risks despite high household debt
Uganda’s central bank cuts banknote printing costs
Improved processing and new reissuance guidelines streamline banknote management, report says
Fed ethics officials warned against trades
March 2020 advice cautioned against stock transactions in following months
Biden stimulus will cause small, short price spike, says paper
San Francisco Fed predicts American Rescue Plan will boost inflation by 0.3%
One in ten central banks opened new liquidity swap lines
Benchmarking participants expanded lines in dollars, euro and renminbi