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On 17 June the MPC voted for the Bank of England to continue with its existing programme of £200bn of UK government bond and sterling non-financial investment-grade corporate bond purchases, and to increase the stock…
BOE: Bank Rate maintained at 0.1% – August…
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. In that context, its challenge at present…
Financial Policy Summary and Record – August 2020
Our Financial Policy Committee (FPC) meets to identify risks to financial stability and agree policy actions aimed at safeguarding the resilience of the UK financial system. The Financial Policy Committee (FPC) aims to ensure the…
Central Bank publishes Business Interruption Insurance Supervisory Framework
Framework sets out the Central Bank’s expectations of insurance firms in handling COVID-19 related business interruption insurance claims Where customers have an entitlement to claim under a business interruption insurance policy, the Central Bank expects…
IMF experts present their view on the Riksbank…
The International Monetary Fund (IMF) has extensive expertise in central bank legislation and a unique international insight into how it is designed in different countries. In light of this, the Riksbank invited IMF experts to…
Statistics on complaints to Bank of Russia: mid-year…
In the January to June 2020 period, the Bank of Russia received a total of 148.4 thousand complaints from financial consumers — a rise of 15.2% vs the same period in 2019. The growth owes its origin mainly to the number of applications for loan restructuring related to adverse national epidemiological conditions. Yet, the number of such complaints saw a drastic…
The Future of Retail Payments in the United…
It is a pleasure to be here today with Esther George and Ken Montgomery to talk about the future of America's retail payment system. Recognizing that the retail payment infrastructure touches every American, a year…
Federal Reserve announces details of new 24x7x365 interbank…
The Federal Reserve Board on Thursday announced details of the FedNow℠ Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States. The features and functionality described in…
Reserve Bank of Australia: Statement by Philip Lowe,…
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is…
South Africa Looks Toward Inclusive Recovery to Stabilize…
In a conversation with IMF Country Focus, the Director-General of South Africa’s National Treasury Dondo Mogajane explains how the government has responded to the COVID-19 crisis, how IMF financing will help to stabilize the economy, and…