Central Banks
Role of boards differs widely across central banks
All benchmark respondents have boards, but powers and responsibilities show great variety
ECB announces phased end to Covid-19 collateral loosening
Conditions for access to liquidity schemes will tighten but Greek sovereign debt waiver will remain
Brazilian governor signals central bank close to halting rate hikes
Roberto Campos Neto said Selic rate at 12.75% should be enough to lower inflation back to target
Yen drops as BoJ defends yield curve target
Bond operations send Japanese currency to seven-year low against the dollar
Systemic stablecoins may not need ‘bank-style’ resolution – BoE
Non-bank stablecoins set for “tailored” regulatory regime under plans by UK policy-makers
More central banks have diversity and sustainability policies
But these policies remain less common than codes of ethics and whistleblower policies
Albania orders first rate hike in 11 years
Increase of 50 basis points returns policy rate to pre-Covid level
Bank of Russia fixes gold price and increases loans
Central bank announces new emergency measures after fresh round of US sanctions
Honduras central bank warns on bitcoin again
Central American country will not follow El Salvador in making bitcoin legal tender, BCH says
SNB keeps rates at -0.75% but increases inflation forecasts
War in Ukraine is boosting inflation through higher oil and other commodity prices, SNB says
López Obrador apologises for leaking rate rise
Mexican president’s announcement had stoked new fears about the central bank’s independence
Heads of state often play key role in governor appointments
Benchmark respondents say governors’ terms last four to seven years
Argentina orders 200bp rate increase, to 44.5%
Tighter monetary policy is in line with IMF deal, while neighbour Paraguay makes 50bp hike
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
RBI paper finds high market power can undermine bank stability
Author documents “inverse U-shaped” relationship, suggesting only some mergers are desirable
US’s Rouse optimistic on inflation outlook
Chief economic adviser says food production can do more to raise supply than in energy industry
Barbados to make switch to polymer
Redesigned banknotes will circulate by end of year, says governor
Board sizes vary widely across central banks
Board terms average around five years and non-executive directors are common
Putin demands export payments in rubles
Central bank governor Elvira Nabiullina reportedly tried to resign after invasion but was told to stay by Russian president
Riksbank may need to raise interest rates earlier – Anna Breman
Deputy governor warns inflation is likely to continue to rise due to Russia’s invasion of Ukraine
Korean president names new central bank governor
Rhee Chang-yong is currently IMF Asia-Pacific director