Central Banks
Turkish president names new central bank officials
Move follows Erdoğan’s dismissal of two deputy governors and one MPC member
DNB calls on government to calm Dutch housing market
Tax reforms and greater supply needed to deal with “too much money and too few houses” – Knot
Mexican inflation rising rapidly, warns deputy governor
Heath says prices increasing at “really phenomenal” rate but expects full pandemic recovery by 2023
External asset manager use on the rise
Central banks in upper-middle income countries allocated higher share of reserves to external managers
MAS allows Singapore dollar to appreciate in tightening move
Policy-makers raise slope of the S$NEER policy band, citing rising inflation
US bank mergers have not cut branch access – Cleveland Fed
Despite fall in banking firms, number of branches has grown, research finds
Fed joins Network for Indigenous Inclusion
Australian, Canadian and NZ central banks established group earlier this year
Turkish president fires deputy governors
Move appears to be Erdoğan’s latest bid to impose low interest rates despite rising inflation
Brazil central bank spends $1bn to support real
Local currency has declined more than 10% against the dollar since June
BoE ends off-the-record meetings with banks
Change follows concerns about similar practices at other central banks
Chilean MPC speeds up tightening, citing higher inflation risks
Central bank board surprises markets, increasing interest rates by 125 basis points to 2.75%
BIS paper finds flaws in green taxonomies
“Taxonomy of taxonomies” proposes tackling weaknesses in categorisation of green assets
Emerging nations turned to FX interventions during pandemic
Central banks in emerging nations twice as likely to implement FX interventions than peers in advanced economies
Georgieva promises to learn lessons from ‘Doing Business’ controversy
IMF chief says she will have “candid discussion” with staff after accusations of improper conduct
Philippines sets ‘P2M’ QR payments in motion
New function could help BSP hit 50% digital retail payment target, says governor
Quarles term as Fed vice-chair ends without replacement
Fed supervision committee will continue without a chair, acting on consensus basis
US CPI inflation rises to 5.4%
Prices continue upward climb, but policy-makers still see pressures as temporary
Slovak governor charged with bribery
Peter Kazimir denies wrongdoing, as president says he should consider resigning
ECB calls for changes to draft Austrian central bank law
Mechanism for paying productivity council’s head would be monetary financing, ECB says
MAS consults on ‘Cosmic’ risk info-sharing platform
Digital platform for AML/CFT information sharing could be launched as soon as 2023
Clarida: ‘Stagflation is not my baseline case’
Fed vice-chair says inflation situation not akin to 1970s