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RBI fights plan to strip it of payment powers
Central bank fears move would undermine its ability to regulate currency
Zimbabwe central bank suspends senior officials over corruption allegations
Officials accused of illegal foreign exchange dealings
Cyprus inquiry into failed bank hears conflicting allegations
Inquiry told of strong political influence over Co-op Bank
Quotes
Ironically, too much debt was at the heart of the crisis, and now we have more of it
Claudio Borio, head of the monetary and economic department, BIS
The political spotlight is far harder on central banks now. It is not particularly to do with monetary policy, but to do with whenever you have to take a step in terms of resolving a bank. There will be losers.
Philip Lane, governor, Central Bank of Ireland
Having a reliable institutional mechanism that supports fiscal responsibility will allow attention to focus on whether the central bank is delivering on its mandate, which I welcome.
Brian Wynter, governor, Bank of Jamaica
The countercyclical policies used in the past to accumulate reserves – which rose to one of the highest levels in the world – were to ensure a gradual transition and an effective absorption of any shock.
Ahmed Abdulkarim Alkholifey, governor, Saudi Arabian Monetary Authority
Equilibrium’s a great concept, but the dynamic side has suffered because there aren’t really very good theories on how quickly ideas or events will unfold.
Hal Varian, chief economist, Google
We had to make a decision quickly when we became convinced that the minimum exchange rate was no longer sustainable… We would have been faced with enormous capital inflows and a self-reinforcing speculative attack.
Thomas Jordan, governor, Swiss National Bank
I think [transparency is] a two-way street. If you are more open, you can receive more feedback.
Agustín Carstens, BIS general manager
Editor's choice
Tunisia’s El Abassi on central banking during a regional security crisis
Central Bank of Tunisia governor talks about capacity building, fintech and relations with the IMF
Trendlines
Latest issue
Most read
- BoE sparks controversy over expenses disclosure
- Riksbank says all banks should be ‘obliged’ to continue cash services
- Cyprus ex-governor says authorities asked for false audit of failed bank
- Norwegian government recommends Norges Bank retain control of SWF
- Iranian central bank looking for alternative to Swift, local media says
Comment
What is the future of banknotes?
Supervisory lessons: faultlines in prudential regulation
Reserve management practices are splintering
Our Take
New Jamaican law could end Caribbean’s ‘colonial era’
Argentina falters at ‘historic’ moment for BCRA
Time for Central Bank of Argentina independence
Chile hikes on higher inflation expectations
Unconventional policy is best response to financial shocks – ECB paper
US regulatory sanctions lead to banks cutting credit costs – Finnish paper
Sarb’s Groepe says inflation could rise further without policy action
BoJ governor offers advice on domestic resilience to external shocks
Further US tightening risks recession – St Louis Fed president