Governance
Central bank credibility not just about legislation – paper
NBER researchers say once independence has been granted, trust still has to be earned
High debt raises ‘macro-financial’ risks in Americas – BIS study
Bulletin says interest costs can result in risk premia feeding into inflation expectations
Three veterans join Central Banking advisory board
New members have held top roles in Asia, Europe and the US
Nepal has greater stability, but now it needs growth – IMF
Fund’s mission chief says central bank reforms are among measures laying path for future prosperity
Warsh called for fewer FOMC meetings in July
Minutes show committee agreeing on above-target inflation but disagreeing over AI’s effect on prices
Brian Langrin takes helm at Bank of Jamaica
Former head of financial stability succeeds Richard Byles as governor
People: BoJ payments chief to join IMF
Plus: Australia appoints new monetary policy board member; Harrison to head comms at BoC
Libyan governor sets out conditions for withdrawing resignation
Issa reportedly wants faster implementation of budget, trade reforms and halt to wage rises
Former PBoC governor and Chinese premier Zhu Rongji dies
Leader praised by CCP and Hong Kong leaders for role in reforms and financial stability
Croatian central bank website cloned in scam operation
Fabricated “national financial access programme” offers fake handouts
Trump downplays reports of regular calls with Warsh
Talks between president and Fed chair have precedent, but frequent communications would be unusual, economist says
Central Bank of Libya governor resigns
Naji Issa’s resignation comes as Libyan dinar remains under intense pressure
Trump renews push to sack Fed governor Lisa Cook
White House formally notifies Cook of possible dismissal, and gives governor until August 26 to respond
Destry Damayanti tapped to serve as Bank Indonesia governor
Expert says nominee, who has served as BI deputy governor since 2019, will be viewed as a safe pick by markets
ECB succession race: Netherlands throws weight behind Knot
Former DNB governor receives official backing
Czech National Bank employee arrested for alleged theft
Long-time central banker accused of misappropriating tens of millions of koruna
Sarb governor outlines cautious stance on technological change
Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary
CNB to create dedicated department to implement AI
Bank builds self-hosted capabilities to ensure data safety, with plans for hybrid solution
People: South Sudan’s president fires governor (again)
Plus: RBNZ appoints deputy board chair
Milei claims central bank reform will end 91 years of ‘looting’
Argentinian president’s proposals include core mandate on inflation and ban on monetary financing
Bank Indonesia governor resigns unexpectedly
Central bank cites personal reasons for Perry Warjiyo’s departure as independence concerns mount