Central Banks
Majority of central banks do not take account of forecast errors
Surveys of inflationary expectations used widely, alongside macroeconomic and market indicators
Mozambique president reappoints governor
Former IMF official Zandamela has faced inflation, Covid-19 and fallout from alleged fraud
Payments Canada launches new wholesale payments system
Bank of Canada governor says new system is important to keep system secure and efficient
Norwegian government may split SWF from Norges Bank
Committee will assess future governance of world’s largest sovereign wealth fund
Pandemic increased US demand for faster payments, says Fed paper
Vast majority of business expect to be using speedier options by 2023, survey finds
Colombian president’s central bank appointment draws strong criticism
Opposition politicians allege ex-finance minister’s place on board endangers independence
Brazil delays integrating payments into ‘open banking’ project
Phase three of project delayed to October after technical difficulties emerge
People: Riksbank deputy’s term extended until 2027
Bank of Ghana gets new non-executive board members; RBI appoints new executive director; and more
Zambia holds rates despite double-digit inflation
Governor says inflation will decelerate faster than expected despite being three times target rate
Majority of central banks have power to issue debt for monetary purposes
Central banks pointed to draining liquidity as a reason for issuing debt
Eurozone inflation reaches 10-year high at 3%
Rapid rise in energy prices was main driver, according to Eurostat estimates
Central banks can improve reserves handling – World Bank
Direct board involvement, trading office setups and finance ministries all matter, report finds
People: New York names state financial services regulator
New president at development bank; supervisors promoted at regional Feds; and more
FX market intervention key tool for emerging market economies
Central bank markets departments perform a wide range of different roles
Communications Benchmarks 2021 – presentation
Central Banking’s communications subject matter specialist Daniel Hinge speaks with Christopher Jeffery about communications staffing and salaries, effective approaches and favoured channels
Book notes: How boards work, by Dambisa Moyo
Moyo offers insights into the skills required to be a valued board director, as well as a thought-provoking list of issues that may appear with greater frequency on future board agendas
Bank of England names new chief economist
Huw Pill is former ECB official and chief European economist for Goldman Sachs
Chilean central bank steps up policy tightening
Board unanimously decides to increase interest rates by 75 basis points to 1.5%
Canada records surprise GDP decline
Second-quarter figures show 0.3% contraction, which may affect taper and monetary policy
Spartan️: tougher, ultra‑durable, cost‑effective banknotes for the note/coin boundary
CCL Secure explores how its new formulation of bank-grade polymer and ink technologies, Spartan, focuses on extreme durability and offers an imaginative, ultra-durable, efficient, sustainable and cost-effective solution.
Olsen to step down from Norges Bank
Norwegian governor will leave one year before end of second term
Asset purchase programmes prevalent among advanced economies
But just 17% of emerging market economies said they operate a purchase programme