On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note.

The Johannesburg Interbank Average Rate (Jibar) is undergoing a transition, as announced on May 6, 2024. The South African Reserve Bank has provided updates regarding the shift from Jibar to alternative reference rates.

The Bank of Russia has released the April 2024 results of its monitoring of maximum interest rates on deposits in Russian rubles for the top ten credit institutions that attract the largest amount of household deposits. The reported rates are as follows:

"The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The report evaluates how the physical effects of climate change and potential disruptions from the transition to a low-carbon economy could impact the Bank’s ability to deliver on its core functions. It outlines what the Bank is doing to manage these risks, including risks to its balance sheet and pension fund, and to reduce the carbon footprint of its operations. For more information, please contact Media Relations."The Bank of Canada released its 2023 Annual Report and Report on...

South Africa's financial sector has marked a significant development with the Corporation for Deposit Insurance (CODI) commencing operations on April 1, 2024. The establishment of CODI ensures that qualifying depositors in the country are now protected up to R100,000 for their deposits in accounts associated with qualifying products if their bank fails. The implementation includes clear guidelines on which depositors and accounts are eligible for protection and outlines how depositors can access their covered deposits should a bank failure occur.

Bank of Canada Governor made an opening statement before the House of Commons Standing Committee on Finance on May 2, 2024, alongside Senior Deputy Governor Carolyn Rogers. He began by highlighting the recent policy announcement and the Bank of Canada's Monetary Policy Report.Governor indicated, "Monetary policy is working. Total consumer price index (CPI) and core inflation have eased further in recent months, and we expect inflation to continue to move closer to the 2% target this year." He also mentioned that the economy looks to be picking up, with GDP growth expected...

The Federal Reserve Bank of New York has announced the publication of the indicative term rates for the Secured Overnight Financing Rate (SOFR). The announcement marks a significant development in the transition from LIBOR, which is set to be phased out by mid-2023. According to the release, these indicative term rates are based on a methodology that uses SOFR futures data.

On May 2, 2024, the Bank of Russia released a series of 10-ruble commemorative coins under the Cities of Labour Valour series. The cities featured on these coins are Perm, Samara, Saratov, and Tomsk.

The Securities and Exchange Commission (SEC) has approved the equity symmetric adjustment for 2024. This decision was announced on May 2, 2024, following a thorough review process.

Governor UEDA recently addressed the Peterson Institute for International Economics on the topic of the recent changes in the Bank of Japan's Monetary Policy Framework. The speech, delivered on April 19, 2024, shed light on the Bank of Japan's strategic shifts and objectives.In his remarks, Governor UEDA emphasized the importance of the Bank of Japan's monetary policy framework and its implications. The speech provided insights into the rationale behind the recent changes and the intended impact on the Japanese economy.The speech by Governor UEDA at the Peterson...

The Bank of Canada's Senior Deputy Governor and Governor recently addressed the Standing Senate Committee on Banking, Commerce, and the Economy, discussing the country's economic landscape and monetary policy stance.In the opening statement, the Governor expressed pleasure in discussing the recent policy announcement and the Monetary Policy Report alongside Senior Deputy Governor Carolyn Rogers. The Governor highlighted three key messages, emphasizing the effectiveness of monetary policy in easing inflation and supporting economic growth. The forecast indicates solid GDP...

The Central Bank has released the International Reserves Template for March 2024. The report provides a detailed account of the reserves held by the country, reflecting changes and trends observed over the past month.

The U.S. Census Bureau has announced the release of its monthly report, "Monthly Advance Economic Indicators Report," for March 2024. This report is part of an ongoing effort to provide timely economic data.

It is considered reasonable to implement unified standards for communication with consumers and apply various forms of soft regulation, including the Bank of Russia’s methodological recommendations and information letters, in the area of online sales of financial services. This opinion was shared by a large number of participants during the discussion of the Bank of Russia’s consultation paper.

Households' inflation expectations for the coming year have decreased slightly, according to a recent survey by InFOM. The findings show that expected inflation has edged down from 11.5% in March 2024 to 11.0% in April. The decline was noted particularly among respondents without savings, while those with savings reported little change.

The Bank of Russia has initiated the publication of statistics on mortgage loans specifically for purchasing and constructing individual houses. This data will be available for all of Russia and broken down by region.

In 2023, the aggregate portfolio of pension funds in Russia experienced a growth of 7.2%, surpassing ₽7.5 trillion by the year's end. This increase was attributed to positive investment returns and a rise in funds entering the non-governmental pension system (NPS), including contributions from private clients.

According to a new law effective from May 1, 2024, individuals will be able to transfer up to ₽30 million per month between their own accounts across various banks without incurring fees. Transfers can be made using mobile applications, bank websites, or through the Faster Payments System (SBP) by phone number.

Since April 27, 2024, the procedure for credit institutions in Russia to obtain permits from the Bank of Russia for taking foreign cash abroad has been simplified. Banks are no longer required to submit both opinions on established criteria of damages and an application for taking out worn-out or damaged banknotes simultaneously.

On April 30 and May 10, 2024, the Bank of Russia Payment System will follow a specific operational schedule. The system's preliminary session will commence at midnight Moscow time and conclude at 1:00 AM. Following this, the regular session will run from 1:00 AM to 9:00 PM.