Central Banks
IMF paper offers ‘fear-based theory’ of economy
Central banks risk distorting the economy if they don’t move interest rates to offset “fear cycle”
Morocco’s Jouahri on inflation, forex reform, digitalisation and sustainability
The Central Bank of Morocco governor speaks with Christopher Jeffery about Covid-19 policies, Fed tightening, BIS membership, regional co-operation and financial inclusion
Peru slows down tightening cycle to 25bp hike
Central bank had implemented 50bp rate increases every month since September 2021
EU needs radical fiscal reforms, IMF report says
Framework would aim to free ECB from having to stabilise sovereign bond markets
Myanmar may go on money laundering blacklist, report says
Opposition calls on New York Fed to unfreeze Myanmar assets to back proposed digital currency
US will take ‘some time’ to decide on CBDC, Powell says
Fed chair says it must act to prevent inflation expectations rising
Central banks will be ‘tested’ by long-term inflation – BIS’s Borio
Persistent inflationary forces could bring central banks into conflict with government, official says
Japan unlikely to bolster yen, analysts say
BoJ governor and finance minister say rapid shifts in currency are “undesirable” and “unfavourable”
Financial Stability Benchmarks 2022 report – executive summary
Data sheds light on how central banks are dealing with risks to stability
Cyber induced bank runs pose “huge risk”, says Richmond Fed’s Barkin
Banks lack proper cyber security metrics and should learn from other firms, argues senior Fed official
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
BoE to act as lender of last resort to UK energy firms
Move aims to counter high collateral demand, given energy market volatility
ECB raises rates by 75bp for the first time
Lagarde warns monetary policy will not bring energy prices down
Fiji will eliminate cheques from 2024
Governor says improved RTGS will replace paper payments
Bolivian ex-governor calls opposition audit request ‘nonsense’
Most central bank gold reserves are held outside country, Morales says
RBA’s Lowe admits inflation models need rethink
Governor acknowledges forecasting mistakes but rejects calls to resign
Malaysian MPC raises interest rate for third successive meeting
BNM says Malaysian economic growth will continue despite growing currency volatility