Independence
Ingves renews attacks on ‘artificial division’ in proposed Riksbank act
Proposal limits policy flexibility and is “wrong way to go”, governor says
Mexican board members concerned by inflation, minutes show
Bank of Mexico board held rates at 4% in spite of 6.1% year-on-year inflation in April
Mexican president says he will not renew governor’s mandate
President questioned why central bank could not transfer executive 2020 operational profits
Mexican president resumes attacks on central bank
AMLO calls on Banxico to disclose how reserves are handled and how much money its managers make
Former prime minister joins Romanian central bank
Former PM and ex-lawmaker who supported governor’s reappointment are hired as consultants
Four in 10 central banks have legal right to be consulted on mandate changes
Most have legal restrictions on their ability to use monetary financing to fund the government
BoE recognises Ukrainian bail-in at centre of dispute
Decision likely to be seen as important endorsement of NBU’s action over scandal-hit lender
IMF urges Mauritius to reform central bank
Bank of Mauritius made loan to government in 2020 and funds investment body with reserves
Turkish central bank again holds rates despite rising prices
CBRT says it will hold policy rate at 19% until it sees significant fall in inflationary pressures
SNB’s Jordan rejects higher profit distribution
Current system takes into account market risk stemming from ever-larger balance sheet
Brazilian opposition and prosecutor challenge central bank law
Former president’s party argues law giving central bank more autonomy is unconstitutional
Central bank ‘activism’ risks long-run costs, paper argues
Central banks acting outside their mandate is “never without cost”, law professor says
Bank of Mexico has no dividend for government
Mexican president had asked for advance from central bank last year
Jamaican law increases central bank independence
New act gives rate-setting responsibility to monetary policy committee
Argentine court drops charges against governor
Former governor Alejandro Vanoli and other officials cleared in dollar futures scandal
Turkish central bank holds rates despite rising inflation
New governor’s first meeting says Turkish economy faces risks “in both directions”
Fed won’t set rates to ease debt pressure – Waller
Newest Fed board member stresses central bank autonomy in first public address
Czech governor rebuffs PM over government dividend
Rusnok publicly tells prime minister that profits must be used to rebuild CNB’s buffers
Central Banking Awards 2021: winners in full
Winners in 2021 include the Federal Reserve, Alejandro Díaz de León and Charles Goodhart
Central Bank of Barbados’s first governor dies
Blackman helped to introduce dollar peg and pioneered transparency
Lifetime achievement: Charles Goodhart
The LSE and BoE veteran economist has his own ‘law’, and played a key role in the establishment of monetary policy in the UK, Hong Kong’s peg and the ‘New Zealand model’, which influenced a generation of central bankers
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the authority, integrity and independence of the Bank of Mexico against significant external and internal pressures
Ecuadorian politicians clash over central bank independence
IMF backs law to make central bank independent, but leftwing candidate condemns measure
SNB profit drops by nearly 60%
Swiss central bank records much smaller profits on foreign currency positions