Central Banks
FOMC minutes show some disagreement on inflation
Some participants think US inflation pressures may continue into 2022
Unemployment has non-linear relationship to inflation – Fed paper
Authors say their findings could be relevant to debates over inflation targets
RBNZ to consider CBDC as cash use declines
Assistant governor says trust in financial system may be weakened by fall in cash use
Could higher US inflation boost euro’s international role?
Divergent rates of inflation on both sides of the Atlantic may compel investors to look for alternatives to the dollar, panellists say
World Bank appoints Caribbean and central Asian directors
New York Fed names chief of innovation hub and St Louis appoints head of economic equity institute
ECB adopts 2% symmetric inflation target
Central bank chooses not to follow Federal Reserve’s lead on average inflation targeting
Stress tests may be poor guide to capital levels – BIS paper
Authors develop model of how “noisy” tests may cause problems for regulators
PBoC continues crypto trading crackdown
Chinese deputy governor says PBoC will widen tests of ‘digital yuan’ CBDC prototype
BdF paper analyses inflation tolerance ranges
Ranges “should not be zones of inaction” and may have unfavourable trade-offs, researchers say
Somalia’s governor on rebuilding its central bank
Governor Abdirahman Mohamed Abdullahi discusses reviving Somalia’s war-damaged economy, re-creating a payments system, and dealing with remittances
FSB maps path for climate reforms
Global body is playing a co-ordinating role given interconnected risks
Basel III helped absorb impact of Covid-19, says BCBS
Early study of pandemic finds better-capitalised banks lent more to households and businesses
UK regulators propose new policies to foster diversity
Data and disclosure will be important to assess progress, regulators say
Sri Lanka central bank imposes capital controls
Measure restricts exports of foreign currency as government faces debt challenge
South African Reserve Bank: the first 100 years
Central bankers and academics reflect on a tumultuous first century for Africa’s oldest central bank
DRC’s president appoints IMF official as first female governor
IMF deal says government must stop using central bank's reserves and strengthen independence