Central Banks
Reforming FX reserve and macroeconomic management for ESG
Arnab Das, global market strategist, Europe, the Middle East and Africa, at Invesco explores why central banks must play a role in ESG risk mitigation, management and prevention, as they are expected to during wars, pandemics and other major shocks.
Finding room for ESG
Central Banking speaks to four policy-makers for their thoughts on ESG principles, their respective institutions’ approaches, potential restrictions and an update on integration.
Qatari emir names new central bank governor
Abdulla Bin Saoud Al-Thani leaves QCB leadership after 15 years
ECB warns of ‘pockets of exuberance’ in credit, asset and housing markets
High inflation could have “longer-lasting” effects and weigh on the recovery, says financial stability review
Basel Committee launches principles for climate supervision
Basel framework can accommodate climate risks, but supervisors need guidance, committee says
Jamaica ups policy rate by 50 basis points
Central bank “reduces monetary accommodation” as island faces high inflation
Low unemployment rate will be learning experience for RBA – Lowe
Central bank maintains it will not raise rates until 2024, unless forecasts turn out “very differently”
Vietnam’s central bank warns of high inflation risk in 2022
Governor Nguyen Thi Hong admits bad debts have increased, as banks struggle with impact of Covid
BoJ projects inflation will climb to 1% by mid-2022
Haruhiko Kuroda says BoJ must continue “powerful” monetary easing with QQE and yield curve control
A future-proof RTGS blueprint
Operating hours, access and data standards should all be considered by central banks contemplating an RTGS overhaul
Swedish inflation rose further in October
CPIF increased year on year by 3.1% last month; Riksbank expected to reduce balance sheet
Luxembourg authorities open investigation into Lebanese governor
Third European country probes finances of Riad Salameh
Bank Negara Malaysia set to implement consumer credit law
“Long-awaited” law will regulate consumer lending in Malaysia, including “buy now, pay later”
Marcel: New constitution should protect central bank independence
Chile governor gives presentation before historic constitutional convention
Australia’s central bank to review banknote distribution model
Decline in transactional cash usage has led to excess capacity
Most currency departments operated remote working models during pandemic
Many central banks employed a split team structure to ensure critical functions were maintained
BCB independence and Brazil’s inflation battle
Formal autonomy should help shield central bank from political pressure linked to 2022 elections, but challenges remain
Sri Lankan central bank takes emergency measures as FX crisis deepens
Central bank will securitise remittances to fund reserves, but statement hints at steep fall in inflows