Canada
Bank of Canada renews monetary policy framework
Central bank conducts first “systematic” study of other frameworks since it adopted inflation targeting
One in five central bank economists have a PhD
Central banks in Africa lag behind peers in sponsoring PhD programmes
Central banks’ diversity policies can only go so far – RBA’s Debelle
Policies can only go so far in reducing the inequality gap, Debelle says, while providing update on “reconciliation” plan
Advanced economies more likely to outsource counterfeit detection
Emerging market economies more likely to outsource distribution
People: ECB appoints new head of macro-pru
BIS names Innovation Hub directors; Bundesbank sends representative to Madrid; and more
Bank of Canada ends QE
Inflation proving “stronger and more persistent than expected”
Unemployment falls across North America
US recovery is weaker than expected, while Canada reaches pre-pandemic jobs levels
Canadians ditched cash during pandemic, research shows
Central bank data shows cash withdrawals fell in comparison to debit card transactions
Strategies for change: central banks’ quest for diversity
Dedicated diversity strategies remain uncommon among central banks, despite growing recognition of the need for better minority representation
Central banks split on blackout periods
Reasons for operating blackout periods include facilitating effective policy transmission and avoiding speculation
Canadian governor outlines next phase of policy
Governor says Bank of Canada will keep asset holdings unchanged in “reinvestment phase”
Carolyn Rogers hits back at critics of Basel III
BCBS secretary-general dismisses “very tired” arguments against full implementation
Bank of Canada on hold as growth proves weaker than expected
Second quarter contraction comes as Canadian exporters struggle with bottlenecks
Payments Canada launches new wholesale payments system
Bank of Canada governor says new system is important to keep system secure and efficient
Canada records surprise GDP decline
Second-quarter figures show 0.3% contraction, which may affect taper and monetary policy
Canada records highest inflation since 2011
House prices help drive figures up, as inflation becomes campaign issue in election season
No one monetary policy target optimal – Bank of Canada paper
Flexible inflation targeting one of best performers in “horse race” with other options
Third parties often develop RTGS technology
Seventy-one percent of respondents said the technology underpinning their RTGS system was developed solely by a third party or in collaboration with the central bank
Real-time payment systems for the real world
ACI Worldwide has joined forces with Mastercard to create a unique partnership capable of leading the world towards advancing the on-demand economy through payment system modernisation.
The six key drivers for digital currency
Dave Birch breaks down the forces that are pushing central banks towards CBDC
People: Bank of Canada appoints top payments regulator
Iceland’s central bank appoints new CEO and World Bank names country directors
Canadian cash volumes rose in pandemic
BoC says increase driven by stockpiles of big notes and interruptions in circulation
People: Bank of Canada appoints deputy governor
Sharon Kozicki promoted to deputy role; new BEAC director in Chad; Lithuania appoints board member; and more
CBDC may be ‘necessary’ to safeguard competition – BoC paper
Authors make case for “public digital payments” as tool to boost competition and innovation