The vice-chair of the US Federal Reserve has said progress towards the central bank’s inflation target has stalled.

The Hong Kong Monetary Authority will partner with Saudi Arabia’s sovereign wealth fund to launch a $1 billion investment vehicle to facilitate Chinese companies’ expansion into the Gulf kingdom.

From December 1, deposits at UK banks, building societies and credit unions will be protected up to £120,000 ($157,800). This compares with the current limit of £85,000 that was set in 2017. Public ...

Bank of Japan governor Kazuo Ueda said he had held his first meeting with Japan’s new prime minster today (November 18) and told her the bank would gradually adjust its monetary policy to guide ...

Staff salaries in centralised teams (13 respondents) average $29,364 a year. Incomes within the subset range from $7,738 to $60,029 yearly. Within the hybrid section (just seven communications teams), ...

The governor of the Central Bank of Ireland has warned that global equity valuations are stretched, as investors bet on strong earnings growth in artificial intelligence and related technological ...

The Central Bank of Iceland is scaling back its regular foreign currency purchases. The bank explained its decision to reduce its purchases from €12 million ($13.9 million) to €6 million per week in a ...

The more independent a central bank is, the fewer US dollar-denominated assets it holds in its reserves, new research from the National Bureau of Economic Research finds.

The Central Bank of Lebanon (BdL) has told domestic financial institutions to tighten their oversight of transactions, as the country seeks to aid US efforts to cut off funding to militant groups. In ...

Vietnam’s central bank is to allow eight major banks to increase their gold positions, reports said today (November 17).

Taiwan’s central bank has said it is committed to publishing more frequent data on its foreign exchange interventions after discussions with the US, and rejected claims that its currency is ...

Interest rates affect the “cost of carry” associated with maintaining inventories, the working paper notes. “Since changing prices is one way to manage inventory levels, there may well be important ...