Independence
Fed faces years of losses as interest rates rise
QE brought major interest rate risk onto central bank’s balance sheet
Polish governor accuses opposition of plotting violence against him
Glapiński says Tusk could use “a mob” to remove him and says opposition has broken law
Polish opposition pledges to dismiss central bank governor
Glapiński calls opposition leader “a liar” after he says governor was appointed against legal advice
Chilean government officials dispute central bank’s currency role
Finance minister reproves official spokesperson as currency continues steep fall
Governance Benchmarks 2022 – presentation
Subject matter specialist Dan Hardie speaks with Chris Jeffery about governors, independence, funding and diversity
Legal certainty: the Achilles’ heel for CBDCs?
Many central banks lack legal certainty when it comes to issuing digital currencies, despite all the research and trials. Isn’t it time to get the lawyers involved?
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
Peter Nicholl on rebuilding Bosnia’s central bank
The former RBNZ deputy governor speaks with Dan Hardie about how he tackled financial instability in the aftermath of a war
Biden holds rare meeting with Fed chair Powell
Yellen admits she was wrong about the path of inflation in 2021
Costa Rican authorities tell president reserves are sufficient
Chaves had complained of “very few reserves” at Davos
Is this the end for ECB QE?
High inflation makes it increasingly difficult for the central bank to justify asset purchases across the eurozone, despite rising fragmentation risks
Ugandan president keeps governor’s role vacant
Observers say president Museveni wants loyal appointee to follow Tumusiime-Mutebile
Chinese authorities investigate senior PBoC official
Anti-corruption agencies launch probe into sacked head of monetary policy department
The green agenda dilemma
Central banks face a choice over whether to support national energy independence or climate goals, amid calls from some parties for higher inflation targets
Chilean convention proposes central bank reform
Draft constitution would give central bank broader mandate and larger council
BIS paper finds sovereign risk key to fiscal-monetary links
Study of Mexico models feedback loop between fiscal and monetary policy
Sri Lankan PM appointed after governor threatens to quit
Governor warns IMF deal for crisis-hit island could take months and calls for political stability
Nigerian governor says he may enter presidential election
Godwin Emefiele demands right to stay as central bank governor while campaigning in election
Turkish central bank tightens reserve regime for lenders
Central bank will also penalise lenders with high levels of foreign-denominated accounts
Paraguay legislators clash with central bank over secrecy rules
Legislators considering changes to central bank law
SNB has weak transparency and governance practices – report
Board risks “group-think”, as its monetary policy communication is shallow, experts argue
Nepal suspends governor as economic problems deepen
Maha Prasad Adhikari faces possible dismissal, as Nepal struggles to cope with Covid-19 fallout
African central banks face serious challenges, says IMF
Report suggests short-term measures, but says central banks also need structural reforms
Governors are rarely dismissed early
Most jurisdictions have the power to dismiss central bank governors, but rarely use it