Central Banks
Bank of Korea slowly tackling gender imbalance
Number of female hires at Korean central bank grew steadily throughout former governor Kim Choong Soo’s tenure; first female deputy governor appointed in July 2013
Macedonia central bank unveils three-year plan
Strategic plan through 2017 commits to improvements in human capital and corporate governance; monetary targets remain the same
Hungary central bank hails pro-growth policies as IMF urges caution
Central Bank of Hungary sticks to easing cycle in face of IMF warnings; says growth in SME lending is down to its Funding for Growth Scheme
Mexico cuts while Colombia hikes, signalling diverging growth trajectories
Both central banks are fighting above-target inflation but Mexican expectations are more firmly anchored; Colombian economy to reach full capacity this year, bank says
Emirates central bank monitoring property price growth
Central bank says financial system is 'resilient' but 'vulnerabilities exist' in annual financial stability report released this weekend
Kuroda says 'premature' end of QE damaged BoJ credibility
Haruhiko Kuroda says the ‘somewhat premature’ ending of quantitative easing in 2006 made it hard for BoJ to gain credibility as a ‘deflation fighter’
Nigeria's ousted governor makes transition to Muslim 'spiritual leader'
Sanusi Lamido Sanusi was appointed emir of Kano, a northern Nigerian state, on Sunday; influential post could make Sanusi a source of ‘frustration' for president, says analyst
Bank of Mauritius could push for new interest rate power
Bank of Mauritius task force says the central bank should be able to regulate interest rates; publishes 100 recommendations for improving terms and conditions of banking contracts
IMF agrees BoE should raise rates before tapering QE
Bank of England should raise interest rates before shrinking balance sheet, Fund says; notes ‘challenge' in communicating how monetary and macro-pru policies interlink
Bitcoin success won't mean death of central banks, say Haldane and Qvigstad
Bank of England chief economist and former Norges Bank deputy write paper examining evolution of central banking from inception through to a digital future
Economists worldwide find cash still used ‘extensively’
Economists from Australia, Austria, Canada, France, Germany, the Netherlands and the United States compare survey data on payments; find cash ‘has not disappeared’
People: German and Dutch central banks lose board members; Philadelphia Fed appoints research head
Longest-serving Bundesbank executive board member to step down; Netherlands Bank loses governing board member; Philadelphia Fed replaces departed Loretta Mester; more
Borio: current account is a ‘badly inadequate' measure of financial risk
BIS director says still not enough attention is paid to capital account but adds build-up of vulnerabilities also requires looking directly at balance sheets of cross-border institutions
Solomon Islands ‘still adjusting’ to new central bank legislation
Board aiming to achieve one of the lowest inflation rates in region under new price stability mandate; central bank turns to government for recapitalisation after forex losses
Caruana defends role of interest rates in ‘leaning against' financial cycles
Interest rate rises have a role to play in discouraging excessive borrowing, BIS managing director Jaime Caruana tells National Bank of Bulgaria conference
‘Shadow policy rate' measures Fed monetary policy stance at ZLB
BIS working paper describes a shadow policy rate constructed from a number of variables reflecting monetary policy actions to divine the Fed's stance at the zero lower bound
BoE's Sharp: new shocks around the corner 'perfectly conceivable'
Richard Sharp says UK financial system's openness means unpredictable external events can have 'profound effect' on financial stability
New Nigeria governor Emefiele to target unemployment and lending to 'key sectors'
New governor says bank ‘cannot sit idly by and concentrate only on price stability' at first press conference; unemployment rate to play key role in monetary policy decisions
Central African central bank needs liquidity management overhaul, IMF says
IMF's annual mission to the Central African Monetary and Economic Community called for improved operations at the central bank and reform of government securities markets