International Monetary Fund (IMF)
New monetary frameworks involve risk trade-offs – IMF’s Adrian
Lower-for-longer rates may help to avoid deflation, but could contribute to medium-term volatility
IMF delays SDR valuation review
Delay reflects priority placed on Covid-19 response and possible clash with other workstream
Belize central bank law to allow bigger loans to state
Amendments come amid debt crisis as IMF warns country to defend currency peg
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the authority, integrity and independence of the Bank of Mexico against significant external and internal pressures
Nicaragua lowers policy rate as long recession continues
Recession and political turmoil have beset the country since before the Covid-19 pandemic
People: Elderson approved as vice-chair of ECB supervisory council
Former Canadian deputy Wilkins joins insurance company; Japan nominates new policy board member; Rwandan deputy gains role at African Union Commission; and more
Ukrainian deputy governor accuses central bank of censorship
Rozhkova says governor is using “Soviet”-style practices but NBU spokeswoman attacks “slander”
Pakistan government approves SBP autonomy law
Bill should secure central bank independence as required under IMF conditions, if it passes
IMF expresses concern about São Tomé central bank
Reform law has languished for more than a year as nation copes with pandemic
Economics profession has a culture problem – Yellen
Former Fed chair says there is an implicit bias against women in economics
US sanctions billionaire accused of targeting Ukrainian central bank
Kolomoisky barred from US as former NBU governor calls for him to be charged over alleged $5.5bn theft
Ukraine’s central bank raises rates for first time since 2018
NBU says food and fuel are driving inflation but expects pressures to fall later in year
Bolivian central bank fires officials amid political dispute
Former governor says dismissals are likely to be influenced by change of government
Ecuadorian politicians clash over central bank independence
IMF backs law to make central bank independent, but leftwing candidate condemns measure
Central Bank of Argentina calls for investigation of IMF agreement
Fund granted South American economy over $57 billion in 2018, its largest-ever package
Myanmar central bank caps cash withdrawals
Officials claim measure is part of digital transition, while the military grows more violent
Yellen backs proposal for SDR issuance
G20 calls on IMF to develop proposal for “general allocation of SDRs”
IMF urges São Tomé and Príncipe central bank to support recovery
Lack of tourism and drop in remittances has caused recession, fund says
Kyrgyzstan central bank hikes rates as inflation rises
Fifty-basis point hike brings rate to 5.5% amid rising inflation and following political upheaval
Three Caribbean central banks announce new CBDC projects
Bank of Jamaica plans CBDC pilot, while Bahamas and ECCB upgrade existing projects
Rich countries must aid poor over Covid-19: Georgieva
IMF chief warns of future financial instability and calls for major aid flows to developing world
Private sector partnerships could be the key to CBDC survival – IMF research
Central banks may find it “challenging” to keep up with pace of technological change
IMF chief economist has ‘no concerns’ over inflation in US
Biden plan likely to cause 2.25% inflation, within Fed’s framework, Gopinath says
Bolivian central bank repays ‘unconstitutional’ IMF loan
Central bank says loan was illegal and threatens legal action against officials responsible