Governance
Presidential ally obtained funds from Zimbabwe central bank
RBZ exchanged Treasury bills at inflated rate as part of giveaway, investigation finds
Brazilian central bank strike escalates
Staff now out indefinitely, interfering with Pix and economic statistics
Median bank has had four governors in past 20 years
Governor turnover probably does not reflect independence
Sri Lankan governor resigns amid massive economic crisis
Finance minister also quits as crowds demonstrate against power cuts and food price rises
São Tomé governor replaced
Central bank chief had challenged prime minister for party leadership
Governors are rarely dismissed early
Most jurisdictions have the power to dismiss central bank governors, but rarely use it
Malawi central bank fund in crossfire of allegations
Audit finds a loss of over $15 million, but some staff claim directors ordered bogus inquiry
Mauritania finance minister becomes new governor
Dhehbi succeeds Moulaye Taher, as ex-governor joins new cabinet
Central banks usually transfer profits to governments
But many central bank respondents did not share profits in the last financial year
US Senate to vote on Cook’s Fed governor nomination
Republicans continue opposition to Biden’s nominee but Democrats force full vote
Minority of central banks worry over independence
Most central banks say law protects them, but some say changes are needed
European authorities freeze Lebanese governor’s assets
Riad Salameh one of “five main suspects” subject to €120 million asset seizures, say prosecutors
Role of boards differs widely across central banks
All benchmark respondents have boards, but powers and responsibilities show great variety
More central banks have diversity and sustainability policies
But these policies remain less common than codes of ethics and whistleblower policies
Heads of state often play key role in governor appointments
Benchmark respondents say governors’ terms last four to seven years
Mexican president leaks news of central bank’s rate hike
López Obrador reveals 50bp rise hours before monetary policy announcement
Ida Wolden Bache becomes Norges Bank governor as MPC raises rates
Jens Stoltenberg steps down from role due to Ukraine crisis
Board sizes vary widely across central banks
Board terms average around five years and non-executive directors are common
Korean president names new central bank governor
Rhee Chang-yong is currently IMF Asia-Pacific director
Rich countries’ central banks less likely to manage sovereign debt
Practice is more common among middle and lower income countries, and in Africa and the Americas
Three-quarters of surveyed central banks answer to parliaments
Held accountable: benchmark responses on how central banks report on their activities
Mexican financial institutions create gender equality committee
Eleven public and private institutions join initiative promoting women’s participation in the economy