Governance
Guinea junta replaces central bank leadership
Military president removes governor chosen by his civilian predecessor
Omarova ends bid for OCC job
Biden nominee faced Republican charges of radicalism and alienated some Democrats
Namibia president appoints governor to full term
Leoni Dunn will become first woman to serve as deputy governor
IMF proposes Gita Gopinath for first deputy MD post
Georgieva hails chief economist’s move amid difficult relations with US administration
Brazil’s largest state considers suspending Pix payments
São Paulo legislature examining payments system shutdown as an anti-crime measure
Mexican senate approves new governor
Victoria Rodriguez will become first female governor of the Bank of Mexico
Quarles says Congress should rein in Fed funding
Former vice-chair for supervision calls for new body to wind down liquidity programmes
Kareem Michael to be new Belize governor
Former deputy governor will be third central bank head this year after predecessor was fired
Book notes: Empire of silver, by Jin Xu
A useful introduction to China’s monetary history, focusing on the last 1,000 years, but not the easiest of reads throughout
People: Chilean Senate confirms board member
Plus senior appointments in New Zealand, Sri Lanka, Bangladesh and more
How Turkey’s president created chaos in economic policy-making
Observers allege presidential domination of the central bank, unauthorised FX transactions and untrustworthy statistics
Former Latvian governor must face prosecution, court rules
ECJ says Rimšēvičs does not have official immunity over alleged bribe-taking and money laundering
Powell: FOMC may accelerate taper
Fed will no longer refer to inflation as “transitory”
IMF mission worried about Mongolian central bank
Bank of Mongolia’s operational independence has been compromised, says fund
Kyrgyzstan raises rates again after lull
Central bank orders 50bp hike amid double-digit inflation
Economists tend to perform both policy and research duties
Only around a quarter of economics departments have a pure research function
Central bank independence helps build reserves – researcher
Latin American central banks given independence built up strong FX reserves, paper finds
Lebanese president orders central bank to comply with audit
Aoun says repercussions from failure to hand over documents would be negative on all levels
Mexican president nominates first female governor
Victoria Rodriguez has been undersecretary of finance in the current administration
Mexican president withdraws nomination of new governor
López Obrador had chosen former finance minister to lead Bank of Mexico from January 1
Lebanese governor claims personal audit exonerates him
Judge says court has ordered him to suspend Salameh probe as foreign investigations continue
Biden re-nominates Powell as Fed chair
Lael Brainard nominated as vice-chair, to take over from Richard Clarida
Turkish currency hits new low as central bank cuts rates again
Move follows Erdoğan’s dismissal of two deputy governors and one MPC member
Digitisation: transforming the role of central banks
With the rapid pace of technological change in global financial markets, central banks are increasingly recognising that many legacy tools, methods and manual processes are inadequate, writes Sachin Somani