Central Banks
German government names Nagel as new Bundesbank governor
Social Democratic party member is longstanding central banker and voiced scepticism over QE
FSB finds banks grew faster than non-banks in 2020
Pandemic response contributed to stronger growth in bank and central bank assets, report says
Russia orders seventh straight rate hike
Central bank continues protracted battle against high inflation
RBI launches action plan to tackle weak non-banks
“Prompt corrective action” framework echoes rules in place for banks
Colombia stays on trend with 50bp hike
Central bank board unanimous on raising rate, but splits 4–3 on size of increase
Central bank social media trends in the ‘Instagram age’
Uptake of visual social media platforms rises, as Facebook usage plateaus
Turkey’s currency hits new low after further rate cut
CBRT says it is intervening on foreign exchange markets as Erdoğan raises minimum wage
IMF mission to leave Brazil in June
Announcement follows criticism by finance minister of IMF forecasts
ECB ends liquidity relief measures for banks
Lenders have not used buffers and coverage ratios exceed minimum levels, data shows
Bank of Mexico accelerates tightening cycle
Díaz de León’s last policy meeting raises policy rates and revises inflation expectations
BoJ ends some emergency measures
Central bank offers more funding for loans to small businesses, but halts some asset purchases
ECB to halt PEPP purchases but expand APP
Lagarde says rising inflation will be temporary, but says ECB needs flexible monetary policy
Bank of England raises policy rate
Tightening comes amid inflation surge and just after BoE completes asset purchases
Costa Rica raises rates for first time in three years
Central bank raises policy rate by 50 basis points as Latin America faces rising inflation
Norges Bank increases rates despite below-target inflation
Olsen warns of “considerable uncertainty” as MPC says policy could be loosened or tightened
IMF paper emphasises importance of carbon pricing
Authors say carbon tax would be “more efficient and easier to administer” than other options
Economics Benchmarks 2021 report – making sense of the modern economy
Covid-19 coloured central banks’ views on the governance of their economics function in the past year, from research topics to forecasting, data, publications and more
Fed doubles pace of quantitative easing taper
FOMC says recent inflation figures and labour market strength drove the decision
Chilean central bank continues sharp policy tightening
Second consecutive 125 basis point increase takes policy rate to 4%
Hungary continues campaign of rate hikes
MNB ends asset purchase programme, as inflation rises above 7%
Podcast: Oliver Wünsch on a solution to eurozone fragmentation risks
A common fiscal authority could offer stability, but would require sharing more sovereignty
Trade credit helped amplify initial Covid-19 shock – BdF paper
Net borrowers of trade credit faced sharper liquidity squeeze, researchers find
Larger research teams tend to publish more
Central banks with bigger teams report greater publishing volumes, but variation remains
Inflation challenges ECB’s normalisation plans
Central bank expected to confirm end of PEPP purchases on December 16