Independence
Swedish MPs propose dual mandate for Riksbank
Proposals aim to redefine institution’s role in monetary policy, financial stability and payments, while enhancing independence
Government cannot ‘grab’ central bank’s resources – Njoroge
CBK governor reiterates central bank-funded bailouts “never work”, as state agencies are forced to surrender excess securities and Treasury bills
El Salvador central bank chief quits after five months
President asked Carlos Federico Paredes to step down due to ongoing accusations of real estate scam
Turkish president calls for further rate cuts
President Erdogan dismissed previous central bank governor in March over failure to cut policy rates
Ukrainian central bank accuses oligarch of intimidation campaign
Ihor Kolomoisky is behind “slanders” and violence “by hired thugs” over bank nationalisation, says NBU
IMF paying closer attention to central bank independence, research shows
Central banks must “step up their game” on improving transparency, Tobias Adrian writes
EU could take legal action against Slovene central bank law
Commission could act over lawmakers’ bid to force central bank repayments
Mexican governor defends autonomy as president questions it
Alejandro Díaz de León commemorates Bank of Mexico’s 25 years of independence
Powell meets Trump in the White House again
Fed makes one notable change to its statement, compared with February’s communication
Liberian central bank gets third governor in two years
Ex-banker tasked with reshaping institution as legal battles continue and staff cuts loom
ECB monetary policy statements should change – Italian governor
Visco rejects idea of putting names to votes as eurozone governors differ on inflation policy
Atlanta Fed publishes 1,300-page history of the Fed
Document reveals early concerns Fed creation would lead to politics in banking or banking in politics
New German ECB board member may help unify governing council
Leading candidates seen as capable of playing a more constructive role, as critics become more vocal
Trump has changed markets’ expectations of Fed’s moves – researchers
Goldman Sachs and NBER both study implications of Trump’s tweets on trade and the Fed
BSP’s Diokno on forward guidance and cutting reserves
The Central Bank of the Philippines governor speaks to Christopher Jeffery and Alice Shen about fintech, efforts to wean Asia off the US dollar, and why he wants to cut policy and reserve requirement rates
Brazil’s central bank gains powers to license foreign-based banks
Central bank says it will speed up entrance of foreign-owned firms to banking sector
30 years of central banking
Central banks face credibility tests on a number of fronts
Israel’s Yaron calls for targeted spending as elections draw near
Governor says fiscal policy must seek to boost living standards while maintaining discipline
Former finance minister set to lead Maldives Monetary Authority
Previous governor resigned in July amid allegations of attempting to obstruct an investigation
Fed should scrap apolitical stance, urges former senior official
Dudley says Fed should set rates with Trump’s re-election chances in mind
RBI hands over chunk of its capital to government
Nearly $25 billion transferred to government as long-awaited Jalan report is submitted
Central banks face loss of independence – Central Banking survey
A new survey of Central Banking’s Editorial Advisory Board points to central banks facing existential challenges with little change in their frameworks or toolkits
Latin America’s escape from hyperinflation
Adoption of inflation targeting, flexible exchange rates and prudent fiscal policies in Brazil, Chile, Colombia, Mexico and Peru ended decades of runaway inflation
Fischer and Hildebrand call for emergency policy tools
Former central bank chiefs say existing monetary tools are “almost exhausted”