Central Banks
ECB supervision and the state of the eurozone’s banks
ECB banking supervision has passed the first stage of the Covid-19 test. But many challenges remain, including banks’ internal governance and data processing, excessive leveraged lending in some segments, and a lack of progress towards a more competitive…
Sri Lankan currency falls sharply after central bank changes policy
Rupee falls below central bank’s expectation and government says it will seek IMF aid for crisis
Mexican financial institutions create gender equality committee
Eleven public and private institutions join initiative promoting women’s participation in the economy
Central banks follow Fed with rate hikes
Several central banks have raised their policy rates in response to the Federal Reserve hike
China holds loan prime rates
One-year remains at 3.7% and above five-years at 4.6%
Uzbekistan central bank orders 300bp rate increase
Board refers to “high uncertainties and tensions in the external economic environment”
Governor salaries range as high as $1 million
Base pay tends to rise with GDP per capita, but there is wide variation, benchmark data shows
Putin nominates Nabiullina for third term as she announces emergency QE
Bank of Russia to buy unspecified amount of sovereign bonds as governor pledges control of inflation
Kuwait’s government names new central bank governor
Basel Al-Haroun will begin five-year term on April 1
Taiwan central bank raises rates for first time since 2011
Rate increase since 2011 surprises markets as inflation is below 3%
People: Sarb appoints new Prudential Authority chief
New Malaysian assistant governor to take office in April, and RBNZ hires chief economist
Central banking in occupied Ukraine: what might happen?
How Russian authorities might deal with banking and currency in occupied Ukraine
Turkey holds rates again despite soaring inflation
MPC says that it aims to carry out “liraisation” of monetary policy as inflation reaches 54%
Lebanese judge arrests central bank governor’s brother
Judge is investigating governor Riad Salameh over alleged financial crimes
Ukraine war could affect eurozone growth and inflation – Lagarde
Philip Lane says eurozone inflation still largely driven by transitory factors
Brazil’s central bank continues sharp policy tightening
MPC increases key Selic rate by 100bp to 11.75%, as inflation reached 10.5% in February
US lawmakers approve vote on four Fed nominations
Senate Republicans end boycott after Raskin withdraws bid, but oppose Lisa Cook
Bank of England raises policy rate to 0.75%
Energy price shocks could push headline inflation higher than previously forecast, BoE says
Fed triggers lift-off with 25bp hike
FOMC cuts economic growth projections for 2022 but proceeds with tightening
Russia likely to default on sovereign debt
Putin and finance minister say country may make payments in rubles
Liu He intervention helps calm Chinese markets
Authorities promise easier policy as economy hit by Covid outbreak and Russia-Ukraine war
IMF says Ukraine invasion likely to cut global growth
Higher commodity and food prices will impact Sub-Saharan Africa, Latin America and Central Asia