Central Banking
Angola grants central bank independence
Constitutional amendment will guarantee autonomy and add financial stability to mandate
Catherine Mann appointed to Bank of England MPC
Former Citibank and OECD chief economist to take Jan Vlieghe’s seat; Jonathan Haskel reappointed
FCA proposes expanding climate-risk disclosure rules
Climate disclosure proposals are first “substantive” policy for asset managers since Brexit
Malaysia and Thailand launch real-time cross-border payments
Central banks reach milestone for Asean payment connectivity plan
Dallas Fed: credit conditions improved for most in 2020
Study of Texas finds communities with more immigrants saw fewer benefits
People: IMF deputy managing director and two more senior officials to leave
Tao Zhang leaves deputy’s role at end of tenure; IT and HR directors resign
Cuba bars dollar cash deposits
Country struggling with sanctions as inflation spirals
Bank of Ghana launches local gold-buying programme
Central bank aims to double gold reserves over the next five years and support local mining industry
BIS prepares to redevelop HQ
Bank’s biggest building project since the 1970s could see major expansion of main site
Riksbank publishes analysis on QE
Work aims to add transparency and offer evidence on questions of design and implementation
Armenian central bank raises rates again
Foreign and domestic factors working to push inflation above target, central bank says
‘Fiscal distress’ can reverse exchange rate dynamics – BIS paper
Authors emphasise “contingent nature” of exchange rate response to shocks
El Salvador’s bitcoin currency experiment
Move by first nation to approve bitcoin as legal tender raises important issues
Congo central bank lowers policy rate 200bp
Central African country has now largely reversed rate increase from 2020
Demand for Fed’s reverse repo hits new record
FOMC increases interest rates on RRP deposits by 5bp, spurring new demand
RBA cancels market operations due to outage
Issue at third-party provider impacted central bank and several commercial banks
ECB extends capital relief for largest Eurozone banks
Continued relief on central bank assets will release additional €70 billion in Tier 1 capital, ECB says
Riksbank to revise ethical rules after staff infringements
Employees were involved in equity transactions before monetary policy decisions
BoE suspends dividend as capital falls below target
Growth of intangible assets due to RTGS project caused loss-absorbing capital to drop
Uganda’s central bank cuts rates to historic lows
Uncertainty around the future path of Covid-19 weighs on growth prospects, governor says
Fed extends nine dollar swap lines to year’s end
Federal Reserve established liquidity arrangements with foreign partners at start of pandemic
Norges Bank signals September rate hike
MPC says economy is rebounding sharply as officials warn of high household debt levels
RBA should improve RTGS risk management – internal report
Australian central bank’s payments division says it is concentrating on upgrading cyber resilience
Brazil’s MPC raises rate and tightens forward guidance
Central bank warns energy crisis and difficulties in restoring supply are boosting inflation