Central Banks
People: Chicago Fed’s Evans to retire
Bulgarian parliament rejects governor pick; political heat on Cook still high as vote nears; and more
PBoC focusing on grain and energy to stem inflation
Price stability in grain production and energy supply key to growth, says governor
UK faces possible inflation ‘ratchet’ – BoE’s Mann
MPC member says shocks to UK economy have “piled on top of each other”
Stablecoins revive US narrow banking debate
Legislators suggest simplified bank rules to regulate issuers, but Federal Reserve is cautious
Climate change, invasion, recession: policy-makers flag mounting risks
Christine Lagarde and Jerome Powell discuss “ripple effects” of war in Ukraine, while the Barbadian prime minister highlights need for reform at global institutions
NBU plots path out of war economy
Ukrainian central bank turns to monetary financing as government struggles to pay for war
Paraguay legislators clash with central bank over secrecy rules
Legislators considering changes to central bank law
BCB union suspends strike for two weeks
Brazil central bank workers reject 5% pay offer and will continue some labour protests
G20 creates fund to guard against future pandemics
WHO says there is a $10.5 billion annual funding gap
Fed’s Evans says current inflation ‘very different’ to past episodes
Inflation is following a “whale curve” and the Fed should target the body, president says
Global spillovers not unique to US monetary policy – BoE paper
Fed and ECB both create spillovers through macroeconomic and financial channels
Nabiullina admits sanctions taking toll on Russian economy
Central bank preparing legal action in bid to unfreeze $300 billion of foreign exchange reserves
BCEAO governor becomes vice-president of Côte d’Ivoire
Ecowas president Jean-Claude Brou in line to take over as central bank governor
PBoC on hold as Fed signals steeper rate rises
Policy-makers face worsening pandemic, rising inflation and tighter global financial conditions
Do CBDCs make sense for Latin America?
Steven Kamin says CBDCs may be particularly beneficial to emerging market economies
Russia-Ukraine war revealing financial vulnerabilities – FSB’s Knot
Commodities markets, leverage and cyber attacks “warrant further attention”, says FSB chair
Governance Benchmarks 2022 – executive summary
Central banks discuss how they deal with problems of accountability and independence
Climate transition set to boost inflation, finds Swedish research
Sveriges Riksbank analyses main inflationary forces stemming from climate policies
Chile central bank board adopts code of conduct
Regulations include anti-drug measures and trading restrictions
War forcing central banks into ‘delicate balancing act’, says IMF
Sudden repricing of risk could expose vulnerabilities, fund says in latest stability report
IMF raises red flags for global growth
Fund warns of global fragmentation as it cuts growth forecast and predicts higher inflation
PBoC announces policies to help pandemic-stricken economy
Package of 23 measures echoes actions taken in 2020
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks