Independence
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
Fed will not fight climate change without mandate, Powell says
Elected officials must take lead in policies to green economy, Fed chair argues
Nigerian court orders security service to stop harassing governor
Politicians’ anger over cash restrictions during election may be behind pressure, observers say
Mexican government nominates new Banxico board member
Previous member Esquivel played dovish role on rate-setting body
Rates round-up: Turkey pauses rate cuts
Egypt hikes main rate 300bp after IMF deal; Indonesia decelerates tightening; and more
2022: The year in review
The invasion of Ukraine left central banks facing yet another exceptional set of challenges. Central Banking looks back at the stories that made the biggest impact this year
Court rejects bid to arrest CBN governor
State security application comes as Nigerian central bank calls in naira notes and elections near
New law gives BI monetary financing power during crisis
Law also adds mandate for central bank to support economic growth
Sri Lanka cabinet approves draft of new central bank law
Measure will end CBSL role in buying government bonds
Bo Bo Nge in hands of ‘arbitrary’ regime
Jailing of reform-minded central banker is “attack on central bank governance globally”
Paraguayan ex-governor says central bank loans are illegal
Congress votes for interest-free advances amid dispute among ruling party’s factions
Book notes: A monetary and fiscal history of the United States, 1961–2021, by Alan Blinder
The book’s breakthrough is its infusion of the history of fiscal policy into a theoretical framework traditionally focused on monetary instruments. It is a splendid and thrilling read
BSP governor issues ‘1MDB’ warning over proposed fund
Some legislators have proposed sovereign wealth fund, but critics warn it could increase corruption
São Tomé appoints new central bank governor
New government replaces central bank administrative council
Colombian president appoints central bank board member
Court annulled appointment of Alberto Carrasquilla for violating gender quota law
BoE not briefed on disastrous ‘mini-budget’, Bailey says
Governor says absence of independent assessment of tax package made it very hard to assess
Colombian court annuls Carrasquilla appointment
Law required president to name a woman to vacancy to central bank board, say judges
Turkish central bank cuts rates drastically despite soaring inflation
MPC’s 150bp cut comes as some economists say inflation may be much higher than 85% official figure
UK Treasury makes first payment to BoE to offset QE losses
Indemnity was “integral” to QE but “day of reckoning” had to come, economist says
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