Governance
Boston Fed expands programme to get people back into work
FedNow created high demand for IT roles, which sparked programme’s inception
People: First governor of Congo central bank dies aged 92
Deputy governors depart in Canada and Sweden; and more
Few central banks report recruitment difficulties
Central banks from emerging market countries more likely to say they face problems finding staff
Advanced economy central banks more likely to make profits
Majority of central banks report profits in most of last five years
Central banks differ on profit-sharing agreements
Advanced economy central banks more likely to have formal agreements on profit distribution
Australia to publish central bank review in April
Independent review likely to propose changes to RBA’s board
Most central banks satisfied with policy autonomy
EME central banks say they are more likely to face pressure over monetary policy
Lagarde slightly injured in car accident
ECB president was departing Euro Summit
Some internal policies differ by country income
Central banks likely to have ethics codes and whistleblower policies regardless of national income
Most central banks disclose governors’ salaries
Governors’ salaries show moderate correlation with countries’ per capita GDP
Banknotes: January to March 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Taliban appoints new governor to Afghan central bank
Hidayatullah Badri was acting finance minister and previously ran Taliban’s finances
Boards’ make-up differs across jurisdictions
Emerging market economy boards more likely to include government officials and ministers
IMF review finds flaws in Covid-19 response
Key departments lacked sufficient staff and fund missed surge in inflation, IEO report says
Countries vary on governor appointment powers
Poorer countries more likely to combine powers, while richer ones split responsibilities
People: January to March 2023
A round-up of central bankers in the news and on the move during the past three months
Brazilian MPC holds rates despite pressure
President says policy rate is “absurd” but MPC says expectations not yet anchored round targets
Central banks’ roles differ by national wealth
Few central banks have task of overseeing sovereign wealth funds
Most governments can change mandates without consulting central banks
Most jurisdictions’ central bank laws either limit or forbid monetary financing
Central banks differ over board term limits
Nearly half of responding central banks impose no term limits on board members
EME governors more likely to leave role early
Emerging market economy countries also less likely to limit number of terms governors can serve
Lebanese judge questions governor
Salameh interviewed in presence of European officials after initially refusing to be questioned
China to set up new party-led financial supervisors
New committees to be established by end of 2023 as part of wider supervisory change