Central Banks
Change at the Bundesbank: from Weidmann to Nagel?
Joachim Nagel’s appointment highlights the importance of politics at the apex of German central banking. Veteran central bank watcher Klaus C Engelen looks at the media reaction and asks if Buba/ECB discord is set to continue
US Treasury opposes ending IMF surcharges
Biden administration rejects initiative championed by Democratic progressives
Nigerian governor says credit programme has boosted agriculture
Emefiele repeats warning on over-reliance on oil and says central bank has lent $2 billion to farmers
US core inflation much higher than eurozone’s, says ECB
Central bank points out differences in inflation dynamics across the Atlantic
IMF says Sarb should consider lowering inflation target
Lower inflation could bring various benefits, but only “when circumstances allow”, say staff
Chilean governor rejects calls for emergency meeting
January inflation spike means “higher rates than we had contemplated”, says Costa
Podcast: fixing the gaps in fintech laws
Fintech is reshaping the nature of contracts and even financial firms themselves, but laws are not adapting so fast, say IMF lawyers José Garrido and Juan Sebastián Viancha Trujillo
Russian central bank raises rates and warns on inflation
Nabiullina says labour market poses “serious challenge” and obliquely mentions risk of war
Bank of Mexico continues tightening under new governor
President’s nominee Victoria Rodríguez supports 50bp rate hike in her first policy meeting
Former Guinea governor held by police
Lounsény Nabé taken into custody this month after being dismissed following military coup
US inflation hits highest level since 1982
FOMC voting members Bullard and Mester call for rate increase as inflation rises 7.5% in January
Peruvian board raises rate for seventh consecutive meeting
BCRP board hikes brings benchmark rate to 3.5%, despite fall in inflation rate
BoJ launches unlimited 10-year sovereign bond purchases
Central bank steps in as investors put pressure on yield curve target, despite low inflation
Romanian central bank accelerates policy tightening
Board raises rates by 50bp and warns liberalised energy prices are likely to boost inflation further
Iceland raises rates again as inflation reaches highest level since 2012
MPC accelerates current cycle as experts point to problems in housing market
European banks face increased leveraged lending risks, says Enria
SSM chair highlights cyber attacks and climate change as emerging risks to financial stability
Boston Fed appoints Susan Collins as new president
University of Michigan economist to become first Black woman to lead a regional Fed
Firms must improve liquidity safeguards – BoE’s Cunliffe
March 2020 “dash for cash” shows need for better margining practices, deputy governor says
Slovene parliament rejects government’s central bank nominee
MPs criticise candidate over alleged governing party links as banking dispute continues
Has the IMF found a way forward for Argentina?
Withdrawing monetary financing would put pressure on government budget, analysts warn
Wage pressure was ‘big call’ in BoE forecasts, says Pill
Chief economist says easing of wage pressure will be critical if UK is to avoid recession
Emerging market stock returns impacted by dollar – BIS paper
US dollar can drive local financial conditions in equities as well as other markets, authors say