Central Banks News on Fiat Reporter

The Federal Reserve Bank of New York has announced the appointment of Izzy Martins to the Second District Advisory Council (SDAC), effective immediately.

Firms reported that demand remains weak overall. But there are some signs of returning optimism. Namely, indicators of business conditions, sales outlooks and employment intentions have changed direction after many quarters of decline. In the wake of weak past sales growth, expectations for improved sales are supported by population growth, efforts to enter new markets or develop new products, and expectations that interest rates will decline over the next 12 months."Firms reported that business conditions improved slightly in the first quarter. The uptick in sentiment...

The latest Canadian Survey of Consumer Expectations for the first quarter of 2024, released on April 1, 2024, provides valuable insights into consumer perceptions regarding inflation, the labor market, and household finances. According to the report, consumers believe that inflation has slowed, but their expectations for near-term inflation have not changed significantly.Consumers' perceptions of inflation are closely tied to their own experiences with price changes for essential items like food and gas. The survey indicates that expectations for long-term inflation have...

The Federal Deposit Insurance Corporation (FDIC) Special Committee Board of Directors has announced the appointment of three non-voting members. These new appointees are expected to provide advice and counsel to the committee, which was established by the FDIC to oversee an independent third-party review of the agency's workplace culture.

The Czech National Bank (CNB) has announced an accounting profit of CZK 55.1 billion for the year 2023, following the approval of its financial statements and financial report by the CNB Bank Board on March 20.

The Bank of Japan (BOJ) has announced an increase in its overnight call rate to a range of 0 to 0.1%, marking the central bank's first interest rate hike in 17 years.

The Federal Reserve Open Markets Committee has decided to maintain the current interest rates. This decision follows the recent release of data that indicated a surge in consumer prices.

Federal Reserve Financial Services (FRFS) has announced the establishment of the FedNow User Group. This new forum is intended to encourage collaboration among the 607 financial institutions and service providers currently participating in the FedNow Service network.

The European Central Bank (ECB) and the European Banking Authority (EBA) have formed a new committee, the Joint Bank Reporting Committee (JBRC), aimed at promoting uniformity in definitions and standards for data used in mandatory banking reports. The initiative is designed to enhance efficiency and reduce costs.

The Banco Central do Brasil (BCB) has been bestowed with the prestigious title of "Central Bank of the Year 2024," securing the top-prize at the "Central Banking Awards." The accolade acknowledges the bank's commitment to maintaining a robust, efficient, and competitive financial system, as well as recognizing its staff excellence and innovative initiatives.

A seminar held on March 13 at the Hoover Institution at Stanford University delved into the challenges faced by Congress in maintaining oversight of the Federal Reserve, given the expanding scope and increasing complexity of monetary policy. The discussion was anchored around a working paper from the Hoover Institution titled "Central Bank Undersight: Assessing the Fed’s Accountability to Congress."

Sweden's transition to a digital payments market, while largely successful, has also presented significant challenges, according to a report by Riksbank, the country's central bank. The report highlights that despite the efficiency of digital transactions, the shift away from physical currency has not been entirely positive.

The Federal Reserve Bank of New York’s Center for Microeconomic Data has released the results of its February 2024 Survey of Consumer Expectations. The findings indicate that inflation expectations for medium- and long-term horizons have risen, while consumer confidence in the job market and obtaining credit has declined.

The Central Bank of Ireland has published a consultation paper, marking the second phase in its efforts to revise its consumer protection code. The objective is to enhance the code's clarity, predictability, and accessibility.

The Governing Council of the European Central Bank (ECB) has announced its decision to maintain three key interest rates, following indications that inflation is beginning to recede.

Nepmar Jesus Escalona Enriquez has admitted to his involvement in a money laundering scheme that included bribing foreign officials and defrauding the Venezuelan currency regulation authority, CADIVI, as well as Banesco Bank, the Central Bank of Venezuela. The scheme led to Banesco Bank transferring nearly $1.7 million into an account controlled by Enriquez and his accomplices.

Binance, the world's leading cryptocurrency exchange, has reacted to the Nigerian government's stringent measures against the crypto industry, which have included detaining two Binance employees. As a result, Binance has suspended its services in Nigerian naira (NGN). The affected Nigerian citizens are voicing their discontent with the government's actions on social media platforms.

The Reserve Bank of Australia (RBA) has announced the appointment of Susan Woods as its Chief Operating Officer (COO). Woods will relinquish her current role as Assistant Governor of RBA’s Corporate Services to assume the newly created COO position.

After almost two decades of considerable earnings, the European Central Bank (ECB) has announced that its audited financial statements for 2023 reflect a loss of €1,266 million. This may be the beginning of a downward trend, as the ECB predicts further losses in the coming years.

A consortium of European central banking institutions has initiated a program funded by the European Union (EU) aimed at enhancing the macroeconomic and financial stability of African nations. This novel initiative represents a multilateral effort to encourage regional cooperation.