News
People: Bank of Canada names senior deputy governor
New governor in Turkmenistan; Malaysian SWF gets new director; and more
Minneapolis Fed requires all staff to be vaccinated
Most other regional Feds say they “encourage” staff to get immunised
CBDCs provide ‘clean slate’ for cross-border payments, says report
International bodies urge central banks to bolster CBDC co-operation
Fed still lags on diversity, says campaigners’ report
Campaigners say regional bank leaders still mostly white, male and from big business
IMF executive board backs $650 billion SDR allocation
Allocation is set to be largest in the fund’s history, with launch expected in August
People: RBA’s Debelle given second term as deputy
Iosco gets new secretary-general; Routledge takes over as Canada’s superintendent of financial institutions; new director of research for Kenya
University probing Turkish governor over plagiarism allegations – report
Newspaper alleges governor’s thesis was supervised by economist who is now senior policy-maker
Israel delays launch of sovereign wealth fund
Revenue from natural gas and mining has not yet reached target, tax authority says
FOMC minutes show some disagreement on inflation
Some participants think US inflation pressures may continue into 2022
RBNZ to consider CBDC as cash use declines
Assistant governor says trust in financial system may be weakened by fall in cash use
World Bank appoints Caribbean and central Asian directors
New York Fed names chief of innovation hub and St Louis appoints head of economic equity institute
ECB adopts 2% symmetric inflation target
Central bank chooses not to follow Federal Reserve’s lead on average inflation targeting
PBoC continues crypto trading crackdown
Chinese deputy governor says PBoC will widen tests of ‘digital yuan’ CBDC prototype
US comptroller takes direct charge of agency’s bank supervision
US agency eliminates chief operating officer role as part of internal reorganisation
Sri Lanka central bank imposes capital controls
Measure restricts exports of foreign currency as government faces debt challenge
DRC’s president appoints IMF official as first female governor
IMF deal says government must stop using central bank's reserves and strengthen independence
Suriname central bank signs deal to end monetary financing
Accord with government will help debt-laden country secure IMF loan
Turkish central bank has fired large number of staff, report says
Journalist says “political appointees” are joining bank in unprecedented numbers
IMF agrees with Fed on ‘transitory’ inflation
Georgieva says recent inflation spike likely to pass; supports Biden’s fiscal plans
Seychelles central bank cuts policy rate by 100 basis points
Central bank considers weak economy more a concern than high inflation
ESRB calls for reform of MMF regulation
Body stresses Covid-19 exposed systemic vulnerabilities stemming from money market funds
Mexico reminds banks crypto transactions are illegal
After El Salvador bitcoin law, authorities state virtual assets ‘not legal tender in Mexico’
ECB’s Enria warns eurozone banks over risk-taking
ECB likely to lift recommended dividend pause in September, chief supervisor says
Malawi police arrest former central bank governor and other officials
Kabambe and three others linked to the central bank charged with money laundering