Bank of Canada (BoC)
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
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Major central banks set out CBDC policy debates
BIS and central banks discuss major policy issues that still need to be solved
Third-party risks are a first priority for central banks
Cyber and concentration risks crystallise co-operation between critical infrastructure providers
People: ECB seeks new supervision chief
Andrea Enria nears term end at SSM; Bank of Canada appoints deputy; Israel names SWF head
Bank of Canada consults public on CBDC design
But central bank says CBDC not needed “at this time”
Extended QE creates pessimistic sentiment – Bank of Canada paper
News and social media “significantly” impact market sentiment, researchers say
What economists learned from Covid-19
A rush of work on ‘epi-macro’ yielded breakthroughs and then faded. Will there be lasting benefits?
IMF code drives reform of central bank transparency
Dmytro Solohub says pilots of new transparency code have already fostered change
Global recession possible, Canadian governor warns
Tiff Macklem says firms are still raising prices excessively
People: First governor of Congo central bank dies aged 92
Deputy governors depart in Canada and Sweden; and more
Banknotes: January to March 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Central banks step up dollar liquidity support
But initial auction results show little evidence of pressure on dollar funding
Book notes: The next age of uncertainty, by Stephen Poloz
This book provides a well-informed and well-argued view about our economic future
Colombia central bank transfers $1.6 billion to government
Country escapes trend of central bank losses
Bank of Canada paper tests ‘inflation tax’ in lab experiment
Experimental design could be used to test other aspects of monetary policy, researchers say
Bank of Canada officials explain monetary policy transition
Central bank publishes first record of monetary policy meeting discussions
Canadian governor rules out early rate cuts
Macklem says bar for rate rises has risen and he cannot rule out “mild recession”
Rates round-up: Canada to pause after 25bp rate rise
Thailand ups 25bp; Nigeria increases sharply; Angola opts for cut; and more
Federal Reserve saw fall in profits in 2022
Central bank remitted $76 billion to US Treasury, but has been in red since September
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
There’s work to be done on RTGS contingencies
Central bankers from Canada, Thailand, Singapore and Brazil discuss RTGS backup planning, including how redundancy, cost and complexity prevent central banks from operating more contingency sites