Central Banks News on Fiat Reporter

International Money Fund (IMF) First Deputy Managing Director Gita Gopinath spoke on the importance of fighting inflation at the Annual Conference of the Central Bank of Brazil/Banco Central Do Brasil (BCB), according to an article.

In a move that has created ripples across financial circles, former Coinbase Chief Technology Officer, Balaji Srinivasan, has taken a million-dollar step to draw attention to what he believes is a looming financial crisis.

The Bank of England (BoE) has raised its bank rate by 0.25 percentage points to 4.5%, in a move to mitigate persistent inflationary pressures, according to the Monetary Policy Committee's (MPC) report published on May 10, 2023.

Federal Reserve Chair, Jerome Powell, declared on May 3 that the central bank has increased its policy interest rate by 0.25% to address escalating inflation and promote economic stability.

Ireland's Central Bank has released new data on how rising interest rates coupled with high inflation are impacting families.

The European Central Bank (ECB) has announced a 25 basis point increase in its three key interest rates, bringing the rates on the main refinancing operations, marginal lending facility, and deposit facility to 3.75%, 4.00%, and 3.25%, respectively.

Following its May 2-3 meeting, the Federal Reserve announced that it has raised the target range for the federal funds rate to 5 to 5-1/4 percent, in response to the modest economic growth observed in the first quarter.

The Federal Deposit Insurance Corporation (FDIC) has released a report titled "Options for Deposit Insurance Reform," which presents a comprehensive overview of the deposit insurance system and possible reforms in light of recent bank failures.

In a recent speech before the Standing Senate Committee on Banking, Commerce and the Economy, Bank of Canada Governor Tiff Macklem discussed the bank's monetary policy and recent policy announcement.

The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver and entered into an agreement with JPMorgan Chase Bank to protect depositors, assume all deposits, and acquire most of First Republic Bank's assets.

Sarah Breeden, executive director for financial stability, strategy and risk with the Bank of England, says that because the financial system and the "real economy" are closely connected, it is important to monitor corporate debt, given its impact on the economy.

The Federal Reserve Bank of Richmond's fourth annual Investing in Rural America Conference, held in Roanoke, focused on collaboration among stakeholders to strengthen small towns and rural communities.

The review found that SVB's management and board of directors failed to manage their risks, and the Federal Reserve's supervisors did not fully appreciate the extent of the bank's vulnerabilities.