Central Banking
BIS paper estimates slack in Mexico’s informal labour market
Calculating Nairu is challenging given large unregulated sector, authors say
BIS targets green bond growth with launch of Asian fund
“We expect a fast-growing market for green bonds,” says BIS banking head Peter Zöllner
Poland offers Ukraine swap line as NBU suspends FX transactions
Central bank says payments system is working well but tells citizens to minimise cash use
Russian central bank announces string of emergency measures
Bank of Russia announces liquidity support, FX interventions and changes to capital ratings
Ecuador congress removes bank regulator
Legislators charged Ruth Arregui with failure to perform duties of her office
Commodity prices rise sharply after Russia’s invasion of Ukraine
Energy prices already account for around 50% of headline inflation in the eurozone
People: Canadian deputy governor retires
Ghanaian deputy governor gets second term; IMF statistics director steps down, and more
Banks still falling short of final Basel III requirements
Basel Committee says some metrics seem to have been impacted by Covid-19
Fed officials debate risks of a ‘hot economy’
Academics and policy-makers weigh up whether economy is now overheating
US announces initial financial sanctions on Russia
Biden administration bars secondary market bond transactions, but expert says impact likely to be limited
RBA preparing changes to open market operations
Assistant governor says reforms needed as liquidity and monetary policy evolves
RBNZ increases policy rate to 1%
Committee debated the possibility of increasing rates by 50bp
Paraguay continues slower tightening as inflation rebounds
MPC orders second 25bp hike, after 450bp in increases in late 2021
Bailey seeks to clarify controversial comments on wage restraint
BoE governor says firms need to curb price rises to limit impact on poorest households
UK sanctions on Russia target five smaller banks
EU and US yet to announce detailed measures as expert calls possible Biden measures “weak”
Riksbank minutes confirm board division on normalisation
Three out of six board members voted to accelerate end of net asset purchases
Stablecoin risks raise need for CBDC research – Brainard
ECB’s Panetta says “stablecoins are not money”, as Brainard weighs CBDC as possible alternative
Leading Colombian presidential candidate plans central bank reform
Gustavo Petro claims current government has captured the board of directors
Fed’s Brainard backs series of rate hikes followed by asset runoff
Governor says economy is responding appropriately to Fed communications and incoming data
Lebanese central bank sent millions to firm linked to governor – report
Central bank paid millions of dollars to firm investigated by Swiss prosecutors, Reuters says
Bank of Jamaica launches ‘stronger actions’ against inflation
Central bank accelerates monetary tightening as inflation nears 10%
Bank of Israel set to increase interest rates soon
Central bank points out inflation expectations have increased
BIS paper finds real links matter for asset price co-movement
Real economic integration may be more important than previously thought, authors say
FOMC adopts new ethics rules on trading
Fed reforms follow months of controversy over equities trading and three resignations