Coronavirus
Mervyn King says central banks made ‘serious errors’ on inflation
Former BoE governor says UK should raise rates further to curb spiralling prices
How to stop stablecoins from hoarding precious collateral
Repo markets expert and crypto bank chief exec think Fed reserves are the right answer
Central bankers have lost sight of inflation
Inflation resurgence comes after central bankers were distracted from their primary task by climate and crypto, combined with an overreliance on new Keynesian approaches
Austria’s Partsch explains decision to raise equity exposures
Central bank boosted equity investments from 5% to 12% in the wake of the pandemic
Bernanke says Fed acted too slowly on inflation
Former Fed chair argues forward guidance hampered Fed’s response to rising prices
Fed paper examines non-bank emergency facility
More flexible investors tapped facility earlier, doing more to stabilise markets
Risk Management Benchmarks 2022 – presentation
Central Banking’s risk management subject matter specialist Victor Mendez-Barreira speaks with Chris Jeffery about emerging risks, the organisation of risk management departments and the most influential approaches to risk management
Email main channel for central banks’ two-way communication
A majority of central banks interact with the public through social media platforms
Central banks use multiple channels for internal comms
Email and platforms developed in-house are top channels, but many others are also common
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
Botswana hikes newly introduced policy rate
Central bank announces first rate increase since 2008 as inflation stays in double digits
How high can the ECB take interest rates?
Despite rising inflation, eurozone central bank is seen as unlikely to take rates over 1.5% in coming years
The international effort to manage NBFI risks: where do we stand?
The Covid-19 shock demonstrated more needs to be done to address stability risks posed by the NBFI sector. Maurizio Trapanese details progress made during the Italian G20 presidency as well as outstanding macro-prudential issues
Andrew Bailey acknowledges risk of ‘over-tightening’
Senior economists discuss how to avoid stagflation during a fragile moment for the global economy
G20 creates fund to guard against future pandemics
WHO says there is a $10.5 billion annual funding gap
PBoC announces policies to help pandemic-stricken economy
Package of 23 measures echoes actions taken in 2020
IMF launches vehicle for SDR transfers
Fund’s aim for $45 billion in transfers seems to fall short of earlier ambitions
Canada and New Zealand step up rate hikes
Both central banks raise rates by 50bp in bid to “head off” rising inflation expectations
IMF paper calls for action on long-term Covid risks
Vaccination drive is falling short and is not enough on its own, authors say
Nepal suspends governor as economic problems deepen
Maha Prasad Adhikari faces possible dismissal, as Nepal struggles to cope with Covid-19 fallout
Chinese draft law sets up financial stability fund
New government committee would oversee financial stability as concerns grow
Research provides deeper look into Riksbank’s policy decisions
Swedish central bank developed a flexible, faster deliberation process when dealing with pandemic
Is a bond market crisis imminent?
Central banks need careful action and a good dose of luck if they are to avoid financial instability
Eurozone inflation reaches record high of 7.5%
Observers think ECB is increasingly likely to accelerate plans to tighten monetary policy