Brazil
Central bankers must keep away from politics – Campos Neto
Comments come after ruling party accused Brazilian governor of politicisation
Brazil adopts new inflation targeting mechanism
Authorities must now give 36 months’ notice of new target rather than setting it annually
Half of central banks regularly review monetary framework
Vast majority conduct reviews but many are ad hoc
Transitioning to renewables could reduce shock impact – research
Authors say Brazilian economy may serve as a model in the clean energy transition
Brazilian politicians launch legal action against Campos Neto
Allies of president escalate pressure on central bank as policy-makers opt to hold rates
Financial statement revisions can predict bank instability – research
Central Bank of Brazil researchers looked at 7.4 million financial items from 1,812 banks
Trends in reserve management 2024: survey results
Insights on geopolitical risk, AI, asset diversification, risk management and ESG adoption
Anchoring inflation expectations increases FDI – research
Adopting inflation targeting also increases investment, researchers find
Central Bank of Brazil cuts rate by 50bp
Copom says it expects to do the same at its next meeting in May
Central Banking Awards 2024: first winners unveiled
Awards go to Central bank of the year, plus Reserve manager, Risk manager and more
Cash transfers cause persistent jobs boost in Brazil, research finds
San Fran Fed paper argues previous research neglected effects on informal employment
Riskiest non-banks shrink for first time since 2009
FSB says narrow measure of riskiest firms fell in 2022 as asset price falls hit investment funds
Brazilian MPC makes fourth consecutive 50bp cut
MPC unanimously anticipates cuts of the same magnitude in next meetings
Brazil’s Pix reaches new record 163 million transactions in a day
Central bank launched instant payment system three years ago
CBDCs could challenge foundations of monetary economics, says Tombini
BIS Americas chief thinks digital currencies could co-exist with other rapid payment systems
Brazilian central bank cuts rate by 50bp again
Third consecutive 50bp rate cut enjoys unanimous support
People: New governor in Sierra Leone
Brazilian president nominates two new central bank directors; new head of statistics at ECB; and more
Public trust: the role of the private sector in exploring digital currency
Digital currencies that effectively protect financial privacy in lawful transactions will garner enduring confidence in the highly integrated networks of the future, argue J Christopher Giancarlo and Daniel Gorfine
Brazil board united on continuing easing with 50bp cuts
Deputy governor says “there is no predefined target for Selic” rate
Peru and Uruguay cut rates again
Peru’s central bank says growth forecasts are gloomy, but Uruguay hints at end to cuts