Central Banks
IMF mission worried about Mongolian central bank
Bank of Mongolia’s operational independence has been compromised, says fund
Kyrgyzstan raises rates again after lull
Central bank orders 50bp hike amid double-digit inflation
Nearly 40% of central banks have financial sector in main forecast model
Semi-structural models remain favoured option for producing key forecasts
Argentine central bank orders foreign exchange sales
BCRA also bans “payments in instalments” for overseas travel as currency weakens
German inflation reaches 5.2% in November
ECB’s Schnabel says inflation will peak this month and will decline towards 2% target in 2022
Colombian central bank leaves inflation target unchanged
Rise in inflation is likely to prove transitory, board says, as it sticks to 2% to 4% range
Book notes: Monetary policy in times of crisis, by Massimo Rostagno et al
A mass of intellectual effort gives rare insights into the ECB’s inner working, but fails to fully address questions about who really controls inflation
Bank of Tanzania ‘working on CBDC’, governor says
Luoga says “cryptocurrencies are not safe” and president has urged work on CBDC
Economists tend to perform both policy and research duties
Only around a quarter of economics departments have a pure research function
Sri Lankan central bank holds rates despite rising inflation
Authorities face FX crisis as prices increase at fastest level in four years
Brazilian inflation may be stabilising – official data
Mid-November inflation reading was unchanged from October as rate of food price increases slows
Central bank independence helps build reserves – researcher
Latin American central banks given independence built up strong FX reserves, paper finds
Zambia raises rates for the first time since 2019
Year-on-year inflation falls but remains well above central bank’s target level
House prices rising at fastest rate since global crisis – BIS stats
Advanced economies see sharpest average increase, but India records largest cumulative rise
Bank of Korea raises rates again as inflation climbs
Governor Lee Ju-yeol says he will not rule out another hike in the first quarter of 2022
Lebanese president orders central bank to comply with audit
Aoun says repercussions from failure to hand over documents would be negative on all levels
Dominican Republic’s central bank raises interest rates
Central bank forecasts inflation will reach target by mid-2022 after “gradual” decline
Mexican president nominates first female governor
Victoria Rodriguez has been undersecretary of finance in the current administration
Swedish central bank announces end to net asset purchases
Sveriges Riksbank forecasts it will not raise rates until 2024, saying inflation rise is temporary
BoE paper links inequality to credit crises
Central banks will redistribute resources whether they act or not, authors say
Currency Benchmarks 2021 report – ensuring confidence in the cash cycle
Perspectives on staffing, circulation, forecasting, substrate choice and security features, outsourcing, access to cash and climate risk
JP Morgan becomes world’s most systemically important bank
A handful of banks climb the rankings in this year’s updated FSB G-Sib list
Fed's monetary policy ‘spillbacks’ have significant effects – ECB paper
Researchers estimate how impact of Fed policy on foreign economies in turn affects US
Mexican president withdraws nomination of new governor
López Obrador had chosen former finance minister to lead Bank of Mexico from January 1