Central Banks
SNB profit drops by nearly 60%
Swiss central bank records much smaller profits on foreign currency positions
Paper examines US pensions’ effects on natural rate
Welfare effects of possible reforms depends on productivity growth, Bank of Italy paper finds
Bank of Canada unveils new diversity strategy
“No place for racism in the Bank of Canada,” says Macklem
Kansas City Fed launches new website
Improved navigation and search functionality are at the core of redesign, central bank says
Mário Centeno on monetary-fiscal interaction in the eurozone
Bank of Portugal governor says ECB is not being overrun by former finance ministers, must improve the definition of its inflation target and has no need for yield curve control. Centeno believes NextGenerationEU fund could serve as template for a future…
Irish central bank to gain stronger anti-counterfeiting powers
Draft law makes Irish central bank national currency analysis centre and gives it enforcement role
Myanmar central bank caps cash withdrawals
Officials claim measure is part of digital transition, while the military grows more violent
Yellen backs proposal for SDR issuance
G20 calls on IMF to develop proposal for “general allocation of SDRs”
IMF urges São Tomé and Príncipe central bank to support recovery
Lack of tourism and drop in remittances has caused recession, fund says
Richmond Fed’s Barkin calls for more vocational training
Tom Barkin says US infrastructure workforce depleted; advocates more immigration
Bank of Italy names Signorini to second most senior role
Long-time official is promoted to general manager after Daniele Franco becomes finance minister
Kyrgyzstan central bank hikes rates as inflation rises
Fifty-basis point hike brings rate to 5.5% amid rising inflation and following political upheaval
Eurozone needs fiscal stimulus – ECB’s Schnabel
ECB board member says raising eurozone inflation needs fiscal evolution and structural reform
BoE’s Haldane warns against ‘complacency’ on inflation
Chief economist says uncertainty is high but risks are “skewed to the upside”
Bank of Spain paper analyses regulations’ complexity
Researchers present new method for assessing regulations’ structural and linguistic complexity
RBNZ to support government housing objectives
New Zealand finance minister changes central bank’s monetary and financial policy remits
Fed’s ‘operational error’ disrupts key payment services
Fedwire, ACH and other transfer systems suspended for several hours
RBI’s Das: pandemic improved India’s external balance
Boom in software business helped shore up current account and boost RBI reserves, governor says
Will Treasury yields keep on rising?
Falling price of US bonds may force reserve managers to change duration to preserve capital
Book notes: Capital and ideology, by Thomas Piketty
A political pamphlet like Milton’s ‘Areopagitica’, but longer