Central Banks
Colombian study estimates policy impact on capital flows
Meta-analysis using web scraping finds central banks have more control over some flows than others
El Salvador abolishes statistics agency
Central bank will absorb body that calculates inflation
Fed governors still talking tough on inflation
Lower inflation expectations and CPI come as positive signals for the path ahead
Thailand raises rates for first time since 2018
Bank of Thailand signals more “gradual and measured” rate increases to come
Communications Benchmarks 2022 – presentation
Central Banking’s economics subject matter specialist Daniel Hinge on communications governance, social media, media monitoring and more
Taiwan academics call for central bank reform
Academica Sinica says the central bank could invest part of its foreign reserves into a sovereign wealth fund
Central banks rarely administer deposit guarantee schemes
Lower-middle income countries less likely to have such schemes
BEAC governor clashes with political leaders over recruitment
Charges of nepotism follow dispute with Central African Republic over bitcoin
People: Pimco re-hires Fed’s Clarida
Burundian president replaces central bank chief; Israeli research chief stepping down
Moldova raises rates as inflation hits 31.8%
Policy interest rate reaches new record high
Richer nations less likely to have central banks as sole macro-pru authority
Respondents from lower-middle income countries more likely to be only macro-prudential body
How central bank mistakes after 2019 led to inflation
Central banks must acknowledge their own mistakes and outline concrete steps to restore the public’s confidence in their ability to ensure price stability, write Graeme Wheeler and Bryce Wilkinson*
Activity-based regulation will not guarantee level playing field – BIS paper
Authors propose framework to clarify use of entity- and activity-based regulations
Israeli reserves increase on higher equity prices
Portfolio increases by over $4 billion in July to $197.8 billion
Romania continues tightening cycle with 75bp rise
Eighth consecutive increase comes as headline inflation passes 15%
South Sudan president fires sixth governor
Moses Makur Deng ends seven-month stint as currency depreciates
The case for restoring the role of monetary aggregates
Tim Congdon argues that a surge in money supply in response to Covid-19 sparked heightened inflation and central banks need to refocus their attention on monetary aggregates
Central bank boards often used for stability decisions
Institutions from high income countries most likely to give stability remit to boards
El Salvador congress approves use of SDRs for early debt repayment
Talks with IMF stalled as country tackles $24 billion debt load
RBI raises rates to tackle ‘uncomfortably high’ inflation
Central bank has been intervening to defend rupee, but governor insists reserves remain ample
ECB uses bond reinvestments to support Italy and Spain
Central bank rebalanced its bond holdings in June and July away from France, Germany and the Netherlands
UAE central bank issues guidance on politically exposed persons
Measures build on AML/CFT requirements following FATF greylisting in March