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Hungary's central bank will raise base interest rates in further steps of 15 basis points over coming months as inflationary pressures are growing, Deputy Governor Barnabas Virag said on Friday. ....
Mexico's President Andres Manuel Lopez Obrador said on Friday that he will not propose a new term for the current central bank governor and will instead nominate an economist with a "social dimension." ....
(Recasts with comments by Bank of Canada governor) OTTAWA, May 20 (Reuters) - The Bank of Canada said on Thursday that Canada’s hot housing market and high household debt levels had left the economy more vulnerable to economic shocks, but made clear it would not raise interest rates to cool the frenzy. A housing market boom and linked rise in mortgage lending has helped buoy economic growth in the short-term, but they increase the risk over the medium-term, the central bank said in its annual review of financial systems. Despite the intensifying risks, the focus remains on getting the hardest-hit segments of the economy through the COVID-19 crisis, Governor Tiff Macklem said. ....
(Adds Lane comments from Q&A) OTTAWA, Feb 10 (Reuters) - The COVID-19 pandemic has added urgency to the Bank of Canada’s development of a digital currency and a decision could come sooner than previously thought, a senior policymaker said on Wednesday, though he noted that a launch was not a “foregone conclusion.” Bank of Canada deputy governor Tim Lane, speaking to a digital intelligence audience, also noted that while the pandemic has boosted cryptocurrencies like Bitcoin, recent prices spikes look like “speculative mania” and said the offerings are not plausible as the currency of the future. “For several years, the Bank of Canada has been analyzing which circumstances might lead Canada to decide to issue a digital currency. The pandemic may bring us to a decision point sooner than we had anticipated,” said Lane. ....