Jimmy Choi

1 month ago | centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Jimmy Choi

Tweet Facebook LinkedIn Save this article Send to Print this page The decline in long-term interest rates in many advanced economies is closely linked to monetary policy decisions by the US Federal Reserve, a paper published by the Bank for International Settlements finds. Researchers have often attributed declining long-term rates over recent decades to structural factors such as falling productivity growth, the working paper notes.

1 month ago | centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Jimmy Choi

Sudan’s army on March 22 said it had regained control of the central bank headquarters a day after it wrested control of the presidential palace from rebels. Associated Press reported that the army had expelled the paramilitary Rapid Support Forces (RSF) from the main government buildings in the capital Khartoum, including the headquarters of the national intelligence agency. At the start of Sudan’s civil war in April 2023, the Central Bank of Sudan was seen in flames as the army attempted to

1 month ago | centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Jimmy Choi

The Bank of England has unveiled the crisis scenario that will be used in its annual stress test of the UK’s largest lenders. The 2025 Bank Capital Stress Test, launched today (March 24), will simulate a “severe global aggregate supply shock” that would cause the country’s GDP to fall by 5%. Inflation and unemployment would rise to 10% and 8.5% respectively, while global GDP would fall by 2% and world trade by 20%. The scenario is slightly milder than last year’s, when the BoE simulated an 11%

1 month ago | centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Jimmy Choi

Malhotra named RBI governorIndia’s government appointed Sanjay Malhotra as governor of the Reserve Bank of India, after choosing not to renew Shaktikanta Das’s term. Malhotra, who began his term on December 11, was previously revenue secretary in the ministry of finance. He holds a bachelor’s degree in computer science from the Indian Institute of Technology, Kanpur, and a master’s in public policy from Princeton University. Das served two three-year terms, and was eligible for a third. He was

1 month ago | centralbanking.com | Christopher Jeffery |Daniel Hinge |Daniel Blackburn |Jimmy Choi

Uncertainties in global trade policies pose a significant risk to growth in South-east Asia and the region’s policy-makers must say alert to changing external environments, the governor of the Bank Negara Malaysia (BNM) has said. Writing in the foreword of the BNM’s annual economic and monetary review, published today (March 24), Abdul Rasheed Ghaffour said the bank anticipated “an increasingly challenging external environment” in 2025. “Heightened uncertainties surrounding the resurgence of