Independence
Carstens wins major Spanish economics prize
King of Spain award praises BIS president’s work in Mexico and globally
Portuguese PM threatens legal action against ex-governor
António Costa denies pressuring Carlos Costa over bank intervention
Canadian governor shrugs off attacks by opposition politicians
Official opposition leader has pledged to fire Macklem as trade union boss also criticises central bank
Bank of Canada makes smaller-than-expected rate rise
Macklem says central bank is “getting closer” to end of increases, “but we are not there yet”
Turkish central bank cuts rate 150bp
MPC may be close to ending cuts as inflation continues soaring
BoE’s Pill says government must ‘respect’ independence
Government and central bank have clashed over causes of UK’s gilt market turmoil
Fiscal co-ordination threatens independence, SNB president says
Central banks must not let Covid-19 era policies continue, Thomas Jordan warns
Polish governor says dissenting MPC members may have broken law
Glapiński and four colleagues could notify prosecutors over critical comments by fellow rate-setters
Colombian president criticises central bank’s rate increases
Finance minister argues tighter policy could bring recession without reducing inflation
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
Controversial nominee joins Paraguayan board
Central bank continues tightening process with fourteenth straight hike as inflation slows
Book notes: 21st century monetary policy, by Ben S Bernanke
Bernanke’s great book offers important insights for today’s policy-makers, writes Stephen Poloz
Mongolia makes 200bp hike
Central bank has doubled rates since start of year
Paraguayan ex-governor objects to central bank board nominee
Union claims appointment of finance ministry official would damage independence
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Bank of Mexico’s battle to restore price stability
Despite presidential attacks, former officials say a solid institutional framework preserves central bank autonomy – likely a key asset in the battle against inflation
Taking a cue from the top: governor turnover and independence
Central bank governors tend to have long tenures, but what that means can vary. High turnover remains a worrisome signal
Turkish central bank shocks with 100bp rate cut
Rogoff describes move as “nuts”, as official inflation neared 80% in July
Ecuador government will not recognise new superintendent of banks
Legislature and government clash as courts disagree on legality of appointment process
Taiwan academics call for central bank reform
Academica Sinica says the central bank could invest part of its foreign reserves into a sovereign wealth fund
How central bank mistakes after 2019 led to inflation
Central banks must acknowledge their own mistakes and outline concrete steps to restore the public’s confidence in their ability to ensure price stability, write Graeme Wheeler and Bryce Wilkinson*
The case for restoring the role of monetary aggregates
Tim Congdon argues that a surge in money supply in response to Covid-19 sparked heightened inflation and central banks need to refocus their attention on monetary aggregates
UK’s possible next prime minister promises BoE mandate change
Liz Truss says situation now “very different” to when central bank’s mandate was laid down in 1997
Turkish business chief criticises central bank as lira falls further
Governor says central bank is working to make Turkish firms use more lira-denominated assets