Exchange rate
Pakistani governor steps down as term expires
Government chose not to renew Reza Baqir’s term
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
Bank of Russia continues unwinding giant rate hike
Central bank cuts rate 300 basis points to 14%, in second reduction this month
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
Kazakhstan raises policy rate by 50 basis points
Inflation hit 12% in March and expectations are “not anchored”
PBoC announces policies to help pandemic-stricken economy
Package of 23 measures echoes actions taken in 2020
African central banks face serious challenges, says IMF
Report suggests short-term measures, but says central banks also need structural reforms
Presidential ally obtained funds from Zimbabwe central bank
RBZ exchanged Treasury bills at inflated rate as part of giveaway, investigation finds
Swiss inflation rises above target
Oil prices contribute to inflation that is now above the SNB’s forecasts
Argentina orders 200bp rate increase, to 44.5%
Tighter monetary policy is in line with IMF deal, while neighbour Paraguay makes 50bp hike
Moldova hikes another 200bp as inflation spirals
Central bank has raised rates nearly 10 percentage points, but inflation is surging towards 20%
Egypt hikes rates at unscheduled meeting
Central bank orders 100bp increase on March 21, the first rise since July 2017
Bank of Ghana orders 250bp hike
Central bank moves meeting a week earlier to combat high inflation and a weak currency
Sri Lankan currency falls sharply after central bank changes policy
Rupee falls below central bank’s expectation and government says it will seek IMF aid for crisis
Central banks follow Fed with rate hikes
Several central banks have raised their policy rates in response to the Federal Reserve hike
Uzbekistan central bank orders 300bp rate increase
Board refers to “high uncertainties and tensions in the external economic environment”
Governor of the year: Mario Marcel
Chile’s governor has expertly navigated a third currency crisis in two years, amid wider EM stress and political volatility, while bolstering the central bank’s capabilities
Kuwait’s government names new central bank governor
Basel Al-Haroun will begin five-year term on April 1
Turkey holds rates again despite soaring inflation
MPC says that it aims to carry out “liraisation” of monetary policy as inflation reaches 54%
Riksbank’s pandemic QE eased financing conditions, says research
Swedish central bank’s purchases boosted equities, depreciated krona and cut bond yields
Sudan floats currency
Decision follows adoption of single unified exchange rate
Digital money and central banks
Central banks must reflect on the monetary policy, regulatory and financial stability implications from crypto assets, stablecoins and CBDCs to stay relevant in the digital age of money
Polish central bank hikes main rate as it battles zloty weakness
Currency has fallen sharply since Russia’s invasion of Ukraine, adding to fears over high inflation
IMF urges Peru to tighten monetary policy
Fund also says FX intervention may be needed short term