Central Banks
IMF: some central banks ‘on verge’ of piloting CBDCs
Survey highlights need for greater co-operation on fintech regulation
CBDC effect on lending depends on competition
CBDC could increase bank lending if banks have some market power, they say
France’s de Galhau unveils G7 task force on ‘stablecoins’
Banque de France governor says group will weigh up impact of Libra and other “stable” crypto assets
Zimbabwe’s ‘mono-currency’ move triggers sharp rate hike
Central bank hikes overnight rate by 35 percentage points as local currency becomes sole legal tender
FSB weighs options for tackling rise of non-banks
Randal Quarles says strict regulation necessary if crypto assets such as Libra are used widely
Internationalisation of euro pushes ECB to rethink policy
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group as crypto asset plans draw criticism in Europe and US
Canada not looking to change exchange regime in 2021 review
Deputy governor highlights benefits to economy since adopting regime
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
IBM: interbank currency blockchains should address emerging markets
Banks and fintechs, including USC consortium, vie to build distributed networks for FX transactions
National Bank of Ukraine continues focus on CBDC
‘E-hryvnia’ pilot project completed in February
Three Asian central banks rebuff US claims of currency manipulation
Malaysia, Singapore and Vietnam respond to being placed on US Treasury watchlist
Colombian central bank suspends reserves accumulation
Board wants to assess impact of higher reserves on peso’s exchange rate
CBDC need not pose stability threat – paper
Markus Brunnermeier and Dirk Niepelt say some arguments about CBDCs are “questionable”
Sarb announces ‘CBDC feasibility project’
Central bank pursues partners to test digital currency
Swift announces trials with ECB instant payment system
Linking ‘Swift gpi’ to ECB’s Tips will greatly reduce settlement delays, consortium says
Crypto assets have little impact on monetary policy, says ECB team
Task force concludes crypto assets do not fulfil functions of money
How Singapore manages its reserves
MAS managing director Ravi Menon explains Singapore’s total approach to reserve management
Mario Draghi dismisses crypto assets
Head of European Central Bank warns of high risks
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
China’s FX reserves hit seven-month high as capital flows back in
Reserves rise for fifth month in a row in March, as US-China trade thaw eases foreign investors’ concerns
Philippines joins regional payment settlement network
Malaysia, Indonesia and Thailand already in system that aims to spur local FX markets
How the MAS is using AI to spot rogue trading behaviour
Trained using machine learning, the Apollo tool scours trading data for suspicious patterns
RBI to repeat FX swap following high demand for first auction
Second round of long-term liquidity will be on offer in late April