Costa Rica continues tightening with 100bp increase
Central cites concerns about rising inflation expectations and second-round effects
US may release frozen Afghan central bank funds – report
Plan would transfer up to $3.5 billion to BIS under third-party supervision, source claims
More central banks engage in gold lending and swaps
Securities lending is more common among central from high income jurisdictions
West Africa central bank orders second rate rise of 2022
MPC says drought, unrest and global commodities shocks are driving up inflation
ECB could bring rates close to 2% by year’s end, says French governor
François Villeroy de Galhau estimates eurozone’s neutral rate is below or near 2%
Senate panel passes bill to provide $6.5bn to fund weapons for Taiwan
…White House to impose sanctions on at least five Chinese state-owned bank s if the US president determines that China has “engaged in a significant…
Kwasi Kwarteng seeks to scrap bank ers’ bonus cap to boost City of London
…the EU bonus cap, which limits year-end payouts to twice a bank er’s salary. For example, if a bank wanted to pay someone £3mn…
EU aims to lessen dependency on China with Raw Materials Act
Commission President Ursula von der Leyen announced a new legislative proposal, the Critical Raw Material Act, to tackle the evolving dependency on China when it comes to raw materials and ensure more resilient supply chains.
London hospitality venues urged to stay open for Queen’s funeral
…holiday resort business, has been forced to backtrack on plans to close its UK sites to mark the Queen’s funeral on Monday, reflecting confusion among many businesses over how to approach operations for the bank …
Starling executive wins asthma claim against digital bank
…Gulnaz Raja, a lawyer who was deputy company secretary at Starling, sued the bank in the employment tribunal after she was dismissed in March 2020….