Russia-Ukraine conflict
Banknotes: April to June 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Russian central bank lowers rates to pre-war level
Nabiullina warns tighter oil sanctions could still have serious impact on economy
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
Reserve Bank of Australia joins 50bp club
Australian central bank continues post-pandemic tightening with second, larger hike
Ukrainian debt holders brace for restructure
Investors could see a 40% haircut on the bonds, though final figure will depend on complex talks
Ukrainian central bank hikes rates and warns of rising financial risks
NBU says fall in yields on hryvnia-denominated assets may lead to dollarisation
Malawi devalues currency amid FX crisis
Reports say central bank has devalued kwacha by 25% as country’s exports slump
Bank of Russia cuts rates again
Central bank says inflationary pressures are falling but economy faces considerable constraints
War in Ukraine raising eurozone stability risks, says ECB
Non-bank sector vulnerable to higher interest rates, financial stability review finds
Algerian president replaces central bank governor
Saleh Eddine Taleb becomes sixth head of Bank of Algeria in as many years
Lagarde says ECB likely to abandon negative rates in September
Central bank would need to confirm end to asset purchases in June, and hike in July and September
Tackling private-sector debt in the wake of the pandemic
Navigating Covid-19 debt is more of a challenge amid gathered storms of inflation and war, write Roong Mallikamas and Benjamin Weigert
Rates round-up: South Africa, Philippines and Egypt hike
Emerging markets tighten policy amid unrelenting inflation
ECB will hire young Ukrainian researchers
Up to 15 trainees will help evaluate impact of Russian invasion
BSP opens currency exchange for migrants fleeing Ukraine
Returning Filipinos can convert their hryvnia to pesos at central bank and authorised banks
The green agenda dilemma
Central banks face a choice over whether to support national energy independence or climate goals, amid calls from some parties for higher inflation targets
Polish MPs confirm Glapiński for second term
Governor wins narrow vote despite double-digit inflation and harsh criticism
Peru’s central bank continues sharp monetary tightening
BCRP revises up inflation expectations and hikes reference rate by 50 basis points
Lagarde signals first ECB rate hike in July
Nagel stresses risk of acting too late, as Villeroy says fiscal-monetary alignment no longer possible
Romania meets inflation spike with rate hike
Central bank adds 75bp to policy rate as inflation passes 10% mark and economy sputters
Moldova continues rate climb as inflation passes 20%
Central bank orders another 300bp increase as war adds to price woes
Czech board raises rates in split vote
Central bank increases inflation forecast and awaits new governor appointment
Polish central bank hikes rates 75bp
Inflation at highest levels for 24 years as governor faces opposition over second term
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances