Independence
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
Central banks usually transfer profits to governments
But many central bank respondents did not share profits in the last financial year
Central Banking Awards 2022: final winners unveiled
Prizes for Central bank of the year, Lifetime achievement, Transparency, Economics and more
Lifetime achievement: Stanley Fischer
Fischer has had a profound impact on monetary economics and central banking during his prolific career
Transparency: Czech National Bank
New monetary policy report, and publication of attributed minutes and economic model raise the bar for disclosure
López Obrador apologises for leaking rate rise
Mexican president’s announcement had stoked new fears about the central bank’s independence
Mexican president leaks news of central bank’s rate hike
López Obrador reveals 50bp rise hours before monetary policy announcement
Governor of the year: Mario Marcel
Chile’s governor has expertly navigated a third currency crisis in two years, amid wider EM stress and political volatility, while bolstering the central bank’s capabilities
Turkey holds rates again despite soaring inflation
MPC says that it aims to carry out “liraisation” of monetary policy as inflation reaches 54%
Court will not suspend Carrasquilla appointment to Colombian central bank
Lawyers allege appointment is form of state capture and violates gender quota law
Book notes: Shutdown, by Adam Tooze
A useful, wide-ranging overview, showing how health and economic policies are intimately intertwined with geopolitics
Leading Colombian presidential candidate plans central bank reform
Gustavo Petro claims current government has captured the board of directors
Diego Labat on policy normalisation, capital flows and tech challenges
The Central Bank of Uruguay governor speaks with Christopher Jeffery and Ben Margulies about governance, financialisation, flexible rates versus capital controls, payment upgrades and CBDCs
Staff suing Turkish central bank over Istanbul move, says report
Media says staff have been told to move to “uncompleted” headquarters in June
Brazil’s Campos Neto: markets show less fear of Lula win
Presidential candidate reported to have embraced central bank independence
Bank of Mexico continues tightening under new governor
President’s nominee Victoria Rodríguez supports 50bp rate hike in her first policy meeting
Slovene parliament rejects government’s central bank nominee
MPs criticise candidate over alleged governing party links as banking dispute continues
Turkish government fires statistics head as inflation climbs rapidly
Finance minister meets London investors after official inflation hits highest level since 2002
Norwegian government appoints former PM as governor
Critics say Nato head Stoltenberg is close to governing party but finance minister praises his "rare skills"
Polish president nominates governor for second term
Opposition politicians criticise Glapiński over rising inflation and claims of bias
Long-serving Bank of Uganda governor dies
Emmanuel Tumusiime-Mutebile sometimes courted controversy, but he also worked hard to defend the central bank’s autonomy
Turkish MPC holds rates after sharp inflation rise
Central bank announces $5 billion UAE swaps deal as Erdoğan seeks currency from Turkish allies