Canada
Hedge funds may reduce liquidity in volatile periods – BoC research
By transacting abnormally in times of market stress, hedge funds can reduce liquidity
New Canadian $5 on hold as finance minister delays decision
Replacing former PM could provoke backlash from French Canadians and Conservatives
Canada opposition leader repeats promise to fire governor
Poilievre accuses government of interfering in central bank
Cash for a very rainy, tremorous or lava-filled day
Are central banks well-positioned to keep cash flowing during natural disasters?
Bank of Canada raises rates despite falling inflation
Governor warns progress towards price stability “could stall”
Bank of Canada raises rates 25bp
Central bank now predicts inflation will return to its 2% target in mid-2025
Canada suspends involvement in China-based bank
Former official says AIIB is controlled by the Chinese Communist party
People: Israel appoints new chief supervisor
IDB appoints chief operating officer; IADI gets new head; and more
‘Stubborn’ inflation puts an end to Canada’s tightening pause
Bank of Canada raises main rate by 25 basis points as it predicts inflation will fall to 3% in the summer
People: April to June 2023
A round-up of central bankers in the news and on the move during the past three months
Currency round-up: India withdraws 2,000-rupee note
De La Rue replaces chair; Canada and Philippines win currency awards; and more
People: ECB seeks new supervision chief
Andrea Enria nears term end at SSM; Bank of Canada appoints deputy; Israel names SWF head
Bank of Canada consults public on CBDC design
But central bank says CBDC not needed “at this time”
Extended QE creates pessimistic sentiment – Bank of Canada paper
News and social media “significantly” impact market sentiment, researchers say
What economists learned from Covid-19
A rush of work on ‘epi-macro’ yielded breakthroughs and then faded. Will there be lasting benefits?
IMF code drives reform of central bank transparency
Dmytro Solohub says pilots of new transparency code have already fostered change
Global recession possible, Canadian governor warns
Tiff Macklem says firms are still raising prices excessively
People: First governor of Congo central bank dies aged 92
Deputy governors depart in Canada and Sweden; and more
Banknote themes in motion
Antti Heinonen asks whether the world is about to witness a revolution in banknote images
Book notes: The next age of uncertainty, by Stephen Poloz
This book provides a well-informed and well-argued view about our economic future
Marks (and sizes and colours) of distinction
Many central banks make an effort to make cash accessible to blind and partially sighted users
Stability under the 2% inflation standard is a chimera
An inflexible standard of value that lets the market decide how much money to produce would be superior, write Brendan Brown and Robert Pringle
Bank of Canada paper tests ‘inflation tax’ in lab experiment
Experimental design could be used to test other aspects of monetary policy, researchers say
Bank of Canada officials explain monetary policy transition
Central bank publishes first record of monetary policy meeting discussions