Central Banks
Fed joins Network for Indigenous Inclusion
Australian, Canadian and NZ central banks established group earlier this year
Turkish president fires deputy governors
Move appears to be Erdoğan’s latest bid to impose low interest rates despite rising inflation
Brazil central bank spends $1bn to support real
Local currency has declined more than 10% against the dollar since June
BoE ends off-the-record meetings with banks
Change follows concerns about similar practices at other central banks
Chilean MPC speeds up tightening, citing higher inflation risks
Central bank board surprises markets, increasing interest rates by 125 basis points to 2.75%
BIS paper finds flaws in green taxonomies
“Taxonomy of taxonomies” proposes tackling weaknesses in categorisation of green assets
Emerging nations turned to FX interventions during pandemic
Central banks in emerging nations were twice as likely to implement FX interventions than their peers in advanced economies
Georgieva promises to learn lessons from ‘Doing Business’ controversy
IMF chief says she will have “candid discussion” with staff after accusations of improper conduct
Philippines sets ‘P2M’ QR payments in motion
New function could help BSP hit 50% digital retail payment target, says governor
Quarles term as Fed vice-chair ends without replacement
Fed supervision committee will continue without a chair, acting on consensus basis
US CPI inflation rises to 5.4%
Prices continue upward climb, but policy-makers still see pressures as temporary
Slovak governor charged with bribery
Peter Kazimir denies wrongdoing, as president says he should consider resigning
ECB calls for changes to draft Austrian central bank law
Mechanism for paying productivity council’s head would be monetary financing, ECB says
MAS consults on ‘Cosmic’ risk info-sharing platform
Digital platform for AML/CFT information sharing could be launched as soon as 2023
Clarida: ‘Stagflation is not my baseline case’
Fed vice-chair says inflation situation not akin to 1970s
Reserve managers prioritise liquidity tranches during pandemic
Central banks increased this part of their portfolios in the wake of US Treasury disruptions
FCA staff seek union help following pay cut proposals
Unite union considers seeking statutory approval to represent staff at the UK regulator
IMF: growth prospects dim as pandemic lingers
Fund revises down growth forecasts, warning of inflation, disruption and divergence
Covid-19, crypto and climate weigh on global economy – GFSR
Central banks face difficult “intertemporal trade-offs”; poorer nations unlikely to regain pre-Covid growth levels for “many, many years”, says IMF’s financial counsellor Tobias Adrian
UK government mulls giving BoE new payment supervision powers
BoE would oversee firms within the broader ‘payment chain’
Georgieva keeps job as Yellen promises further scrutiny
Evidence did not “conclusively demonstrate” the IMF chief played an “improper role”
Cubero calls for expanded IMF role
Costa Rica governor endorses Resilience and Stability Trust proposal