Independence
Macklem warns Canadian politicians against rates lobbying
Governor says politicians’ letters could suggest ‘operational independence is at risk’
Riksbank needs a capital injection, says governor
Swedish central bank estimates it would need close to Skr80 billion
Ecuador president-elect sends mixed signals on central bank raid
Noboa pledged to spend $1.5 billion, but later said this would only be in emergency
New payments rule incites controversy in Argentina
Retailer and former central bank officials allege regulation shields banks from competition
UK’s PM should have power to fire BoE governor, politician says
Former minister says Bailey lacks confidence among finance sector and politicians
IMF holds Georgia deal over central bank and sanctions unease
Three vice-governors quit after central bank refuses to implement US sanctions against businessman
Thai PM meets governor after unexpected rate rise
BoT said new government’s spending package is an inflation risk, as currency falls
Nigerian senate confirms governor and deputies
President’s nominees took over as acting officials last week after former deputy governors resigned
National Bank of Georgia plunged into turmoil over US sanctions
Central bank says enforcing sanctions on a Georgian citizen would violate constitution
Turkey raises policy rates for fourth consecutive time
Foreign exchange rates little changed, despite president’s commitment to tight monetary policy
Second Ecuador candidate promises to spend reserves
Both candidates now plan to raid central bank, despite 2021 law banning financing
Tunisian president wants central bank to directly finance budget
Central bank governor has rejected calls for monetary financing as observers warn of growing crisis
Polish opposition accuses governor of bias over rate cut
Zloty falls after sharp rate cut as opposition accuses Glapiński of helping goverment
Book notes: Bold vision, by Freddy Orchard
Largely uncritical insights about the formation of the GIC and Singapore’s currency regime
Freeland welcomes Bank of Canada rate pause
Finance minister qualifies statement as other politicians attack monetary policy
Colombian government and private sector issue joint call for cuts
Finance minister talks of “economic deceleration”, but inflation is still in double digits
Financial regulators: one, two, maybe a few?
As Jamaica moves to introduce the ‘twin peaks’ approach to financial oversight, Ben Margulies assesses some of the pros and cons
Israel holds rate, but signals more hikes still possible
Yaron denies report he will not seek new term
Ecuadorean candidate promises to spend central bank reserves
Measure could imperil central bank independence
Focus is needed on improving central bank forecasts
Charles Goodhart believes tougher action over forecasting errors is preferable to policy-maker performance-related pay
Brazil split decision not a problem for central bank credibility
Central bank voted 5–4 for larger-than-expected cut
Time to pay policy-makers based on their performance
The remuneration framework for central bankers needs reform amid failures to hit inflation targets, argues David Bholat
Brazil makes first rate cut in cycle
Board divides 5–4 over size of reduction, with majority backing larger 50bp option
Paraguay president-elect names next central bank governor
Incoming finance minister promises to respect central bank independence