Governance
Five veterans join Central Banking's advisory board
New members come from Italy, Kenya, Singapore, Switzerland and the US
Nandalal Weerasinghe on Sri Lanka’s IMF programme, central bank reforms and road to recovery
The Central Bank of Sri Lanka governor speaks about his return from retirement to aid Sri Lanka’s structural reforms and recapitalisation, reinforce central bank independence and develop financial resilience
Australian parliament passes bill to reform RBA
Bank’s board to be split into two groups covering monetary policy and governance
Hungary’s PM chooses finance minister as MNB governor
Appointment of Mihály Varga likely to improve bank’s relations with government after recent tensions
People: October to December 2024
A round-up of central bankers in the news and on the move
PM ‘overruled MNB building’s heritage status’ – whistleblower
Governors’ meeting prompted expedited approval for panorama deck on listed site, says former official
Moldova to switch reference currency to euro
Change reflects “economic realities” as country moves closer to EU
The monetary base and seigniorage in a digital era
Rapid technological innovation in payment systems portends declining demand for money. Emerging markets and low-income countries may have to lower their expectations of seigniorage revenue
People: New faces on IMF exec board
Plus, appointments at Deutsche Bundesbank and Czech central bank
Pablo Hernández de Cos to be next BIS general manager
Agustín Carstens will leave in 2025 after leading transformation project
Fed makes post-presidential election rate cut
Chair Powell stresses Trump’s election as president will have no effect on policy in the near term and he has no plans to resign at Trump’s request
Thailand delays selection of central bank chair
Decision follows warning against political interference from four former governors
US public disagrees about Fed’s political leanings
Republicans think Fed favours Democrats, and vice versa
Combining central banking orthodoxy with innovation
Sergiy Nikolaychuk argues the future of central banking centres on adaptability as well as independence
ECB reviewing QE but 2% target ‘not up for debate’ – de Guindos
Completing banking union should be the “number one priority” for EU economic policy, says official
Mamo Mihretu on the radical reform of central banking in Ethiopia
Ethiopian governor speaks about simultaneous monetary policy and exchange rate reform, opening the country’s financial system and a fundamental reset for Africa’s second most populous economy
Suspended Bulgarian deputy claims he is fighting for central bank ‘independence’
Eurozone candidate country’s deputy breaks silence on suspension, and his fight to get reinstated
Book notes: Carbon colonialism: how rich countries export climate breakdown, by Laurie Parsons
Compulsory reading to gain insights into many climate issues that receive insufficient ‘airtime’
Eurozone needs to take more risk, says Bank of Portugal governor
Centeno says lack of investment is handicapping growth
Why Bank Negara avoided ‘a confrontational approach’ on 1MDB fraud
Veteran governor says being more outspoken would have damaged the central bank
IMF cuts fees amid high rates and record borrowing
Fund judges its capital to be strong enough to allow more generous approach