Governance
Brazil makes first rate cut in cycle
Board divides 5–4 over size of reduction, with majority backing larger 50bp option
US legislators draft bill to limit Chinese influence at IDB
Proposal demands public reports of Chinese influence and contracts at the development bank
West African central bank freezes Niger’s accounts
BCEAO cancels bond issue after military detains elected president
Central bankers to evaluate IMF evaluation office
External panel to scrutinise Independent Evaluation Office, after 2018 review found lack of “traction”
Paraguay president-elect names next central bank governor
Incoming finance minister promises to respect central bank independence
DeSantis attacks Federal Reserve
Republican candidate suggests he would name new Fed chair
Cambodian governor’s daughter succeeds him
Chea Serey is the first woman to lead the National Bank of Cambodia
Turkish governor warns inflation is rising
Erkan says central bank will have to “take very careful steps” as president appoints new deputy governors
Bernanke to lead BoE review of inflation forecasting
Former Federal Reserve chair will work with Bank of England officials
Eastern Caribbean will drop UK monarch from notes
Heads of government decide to place ECCU’s symbol on new series of notes
PNG government orders central bank to release FX
Papua New Guinea police use pandemic law after dispute causes fuel shortages
Pan Gongsheng named as PBoC governor
Veteran banking regulator replaces Yi Gang as Chinese economy faces growing challenges
Canada opposition leader repeats promise to fire governor
Poilievre accuses government of interfering in central bank
Government and opposition both reject Bank of Uganda rumours
Governor’s position remains unfilled 19 months after previous incumbent died
‘Disgraced’ former Chinese regulator becomes PBoC adviser
Liu Shiyu was accused of violating party discipline and taking advantage of his official position in 2019
Russian legislators approve Islamic banking pilot
Two-year programme may attract foreign capital or appease restive minorities
Monetary Policy Benchmarks 2023 – executive summary
Key findings of the 2023 benchmark, including policy tools, governance structures and operating frameworks
Turkish central bank raises rates by less than expected
MPC increases rates by 250 basis points but analysts had expected much larger rise
PNG central bank dispute leads to fuel rationing
Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings
Brazilian central bank denies censoring board members
Dispute highlights possible political divisions as president Lula appoints officials
Bulgarian MPs re-elect Radev as governor
Governor had served two years past end of first term amid prolonged political crisis
Philippine president signs SWF law despite corruption fears
Economists concerned over use of central bank funds and possible governance problems
Guillermo Avellán on BCE independence, capacity-building and dollarisation
Central Bank of Ecuador general manager speaks about the need to bolster the central bank’s legal autonomy, dollarisation challenges, payments developments and monetising local gold production
Kosovo’s parliament votes for new governor
Move will end political deadlock if president approves, after IMF calls for central bank reform