Central Banks
Cash: important for a fairer economy
One interesting economic story over the past year has been the growth in grassroots support for cash payments. Against the backdrop of the Covid‑19 pandemic and now debunked rumours that coins and banknotes could be significant transmission vectors for…
Georgia central bank orders 50bp hike
Central bank raises policy rate to 10.5% as inflation continues rising
New Zealand banks well positioned to face new Covid shock, says RBNZ
Central bank carried out both solvency and liquidity stress tests in 2021 exercises
Omarova ends bid for OCC job
Biden nominee faced Republican charges of radicalism and alienated some Democrats
Project Jura executes ‘real-life’ cross-border CBDC settlement
“Dual-notary” structure could help protect monetary sovereignty, says Benoît Cœuré
Podcast: Andreas Dombret on central bank climate supervision
Former Bundesbank senior official says financial sector is still underestimating climate risks
RBNZ’s Bascand: ‘bias towards prudence is probably a good thing’
But next 10 years likely to see greater focus on efficient regulation, outgoing deputy governor says
Pandemic spurred use of alternative data
Advanced and emerging market economies prioritise different applications
Yemeni governor sacked as crisis worsens
Deputy governor also dismissed in fourth sacking since civil war began
FSB says gaps remain in resolution regimes
Ten years since resolution framework was published, bank bailouts are still taking place
Inflation to end year at 60%, Zimbabwe’s central bank says
Unofficial figures have annual inflation above 100%, but governor says monetary policy will keep prices in check
Bank of Israel increases banks’ ESG reporting requirements
Reform aims to bring higher transparency standards to Israeli financial system
Namibia president appoints governor to full term
Leoni Dunn will become first woman to serve as deputy governor
Unemployment forecast by minority of emerging market economy nations
Data highlights differences based on local economic circumstances
Currency Benchmarks 2021 report – executive summary
Perspectives on staffing, circulation, forecasting, note security and composition, outsourcing and more
IMF proposes Gita Gopinath for first deputy MD post
Georgieva hails chief economist’s move amid difficult relations with US administration
PBoC cuts reserve requirements
But easing measure partially offset by withdrawal of other liquidity support
ECB to choose new euro banknote designs by 2024
Banknote designs will be chosen by governing council, but public input will be vital
BIS calls for systemic approach to non-banks
“It is essential to reduce the need for emergency central bank support,” says report
BEAC raises interest rates
Central African states’ shared central bank imposes first hike in three years
Brazil’s largest state considers suspending Pix payments
São Paulo legislature examining payments system shutdown as an anti-crime measure
Podcast: Waking up to net zero
BNP’s Jane Ambachtsheer says central banks should not be held solely responsible for achieving net zero, but they have a significant role to play