Central Banks
Most governing boards operate under charters
Strategy-setting and budget approval are boards’ top responsibilities
Can central banks cut remittance fees to sustainable levels?
More action is needed to reach the UN’s 3% global average cost target. But central banks face limits on what they can do
Can Bessent lower 10-year yields? Investors have their doubts
Unconventional tools won’t sway bond markets, say buy-siders, with yields as likely to go higher as lower
BIS paper links long-term rates decline to FOMC meetings
Study finds 70% of drop in rates in G10 countries is due to market moves close to Fed meetings
Sudanese army takes control of central bank
Military says it has retaken key buildings from rebel group
BoE unveils scenario for annual stress test
First exercise since framework update will simulate milder conditions than previous version
People: January to March 2025
A round-up of central bankers in the news and on the move during the past three months
BNM governor: trade uncertainty creates obstacles to growth
Central bank cannot be complacent amid “unpredictable” external environment, says Rasheed
One in three central banks operate supervision committee
Government officials’ membership on boards still rare
Effects of ‘Mar-a-Lago accord’ are ‘highly speculative’ – BdF deputy
Agnès Bénassy-Quéré casts doubt on proposed collaboration to deliberately devalue dollar
AI at the ECB and the need to strengthen internal critical thinking
Carlos Bowles writes that efficiency gains should be shared with staff and efforts made to protect cognitive capacity
Turkey raises overnight lending rate in emergency move
Central bank tries to protect lira after opposition figure’s arrest triggers fall in currency
Inflation expectations rising due to tariffs – BoC’s Macklem
Governor says Canada’s central bank will pursue policy that works in multiple scenarios
BoE museum showcases virtual reality Phillips machine
VR version of Moniac brings 144kg hydraulic economic model to wider audience
Governors serving limitless terms tend to earn lower salaries
But governors’ average salary remains over $200,000 a year
Iceland and Switzerland cut rates, while Sweden holds
Central banks highlight global developments and high levels of uncertainty
China holds loan prime rates again
PBoC stays put while government works to boost consumption
Hands off our gold, says National Bank of Belgium
Central bank rejects politicians’ calls to use bullion to pay for defence
Brazil delivers another 100bp hike
BCB’s battle against inflation continues as government announces more fiscally expansionary measures
Most governors lack legal immunity against prosecution
One-fifth of removable central bank governors shielded from legal actions
FOMC holds rates amid uncertainty and stagflation risks
Fed chair Jay Powell says inertia also a factor as committee opts for caution
Denmark will reach r* this year – central bank
National Bank of Denmark continues 26-month streak of non-intervention in FX market
Indonesia holds rates after stock market rout
BI opts to defend exchange rate as country records deflation for first time in 25 years