Central Banks
ECB welcomes proposed reforms to Latvian central bank
Major reforms prompted by series of scandals under former Bank of Latvia governor
Belize central bank law to allow bigger loans to state
Amendments come amid debt crisis as IMF warns country to defend currency peg
US fiscal stimulus key factor for inflation in Mexico – governor
Banxico governor stresses importance of investor’s portfolio changes ahead of next policy meeting
Bank of Canada aims to use 100% clean electricity by 2022
Central bank has made a number of institutional changes to reduce its carbon footprint
Riksbank report explains basis for green asset purchases
Report sets out legal and operational basis for “norm-based negative screening”
Eastern Libyan governor tries to resign as threats mount
Local media says el-Hibri complains of shrinking revenue and attacks on staff amid civil war
Fed paper finds ways to boost forecast performance
Adding extra information can help make forecasts more accurate and robust, authors say
National Bank of Denmark simplifies monetary framework
Central bank aims to reduce excess liquidity effect on money market rates
Nicaragua lowers policy rate as long recession continues
Recession and political turmoil have beset the country since before the Covid-19 pandemic
BoT says prototype corporate CBDC boosted efficiency
Thai central bank says DLT allowed cement firm to integrate payments systems with suppliers
People: Elderson approved as vice-chair of ECB supervisory council
Former Canadian deputy Wilkins joins insurance company; Japan nominates new policy board member; Rwandan deputy gains role at African Union Commission; and more
Ukrainian deputy governor accuses central bank of censorship
Rozhkova says governor is using “Soviet”-style practices but NBU spokeswoman attacks “slander”
Taiwan governor optimistic over US currency dispute
Yang says country meets ‘currency manipulator’ criteria but adds he does not expect sanctions
ECB to increase asset purchases
Lagarde says PEPP decision was unanimous as ECB staff increase inflation and growth forecast
Riksbank renews Covid-19 lending facilities
Riksbank extends $60 billion facility and will penalise banks that do not lend to non-financial firms
Expectations play key role in policy transmission – BoE paper
Authors use high-frequency data to assess importance of term premia and expectations
Big data in central banks 2020–21 report: shifting to centre stage
The Covid-19 shock made big data a key input into policy at a time when data governance appears to be improving and central banks are embracing cloud technology
Lagarde expected to clarify ECB bond-buying plans
ECB has lowered purchases as yields have risen and spreads have increased
Irish central bank requests more powers to regulate financial executives
Politicians say scandal at financial firm strengthens case for measures to act against wrongdoing
Pakistan government approves SBP autonomy law
Bill should secure central bank independence as required under IMF conditions, if it passes
Bank of Canada holds policy rate steady
Economy improving, but central bank sees “considerable economic slack” and “great deal of uncertainty”
BoE paper outlines new theory of automation and inequality
Authors highlight “new theoretical mechanism” linking automation to higher wealth inequality