Bank of Canada (BoC)
People: New governor in Sierra Leone
Brazilian president nominates two new central bank directors; new head of statistics at ECB; and more
Fiscal policy may complicate fight against inflation, says Macklem
Bank of Canada governor warns projected spending may ‘not be helpful’ for monetary policy
Bank of Canada holds policy rate again at 5%
Central bank suggesting rates will stay high as inflation remains strong
Macklem warns Canadian politicians against rates lobbying
Governor says politicians’ letters could suggest ‘operational independence is at risk’
DeFi could improve payments and settlement – BoC research
Inefficient legacy systems hamper the smooth completion of these operations
Canadian deputy governor warns of repeating pricing pressures
Vincent argues supply shocks, technology and consolidation may make raising prices easier
Bank of Canada researchers claim breakthrough in credentialisation
System’s creators use a Merkle tree to create “secret-free and quantum-safe” method
Canadian official says mortgage rates not big cause of inflation
Kozicki says taking home loans out would make small dent in core reading
Freeland welcomes Bank of Canada rate pause
Finance minister qualifies statement as other politicians attack monetary policy
Bank of Canada holds rates steady amid political pressure
Regional heads send letter to governor Macklem calling for an end to rate hikes
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Digitalisation has complex impact on monetary policy – BoC paper
New technologies could affect policy transmission, communication and data tools
Canadian CBDC would not improve inclusion, paper says
Bank of Canada research finds most citizens already have access to e-payments options
Bank of Canada’s Maryam Haghighi on quantum computing in central banks
The director of data science talks about post-quantum encryption, payments simulation and optimisation problems
Hedge funds may reduce liquidity in volatile periods – BoC research
By transacting abnormally in times of market stress, hedge funds can reduce liquidity
New Canadian $5 on hold as finance minister delays decision
Replacing former PM could provoke backlash from French Canadians and Conservatives
Canada opposition leader repeats promise to fire governor
Poilievre accuses government of interfering in central bank
Researchers use natural language processing to estimate inflation
Applying NLP techniques to earnings calls provides useful economic indicators, paper says
Bank of Canada raises rates despite falling inflation
Governor warns progress towards price stability “could stall”
Bank of Canada raises rates 25bp
Central bank now predicts inflation will return to its 2% target in mid-2025
Is corporate pricing causing ‘greedflation’?
Firms in US and Europe are driving inflation higher by imposing above-cost mark-ups, researchers say
Why fear, paranoia and distrust swirl around CBDCs
Populists and conspiracy theorists are exacerbating public concern about retail CBDCs. What can central banks do about it?
People: Israel appoints new chief supervisor
IDB appoints chief operating officer; IADI gets new head; and more
‘Stubborn’ inflation puts an end to Canada’s tightening pause
Bank of Canada raises main rate by 25 basis points as it predicts inflation will fall to 3% in the summer