Europe
Most governors lack legal immunity against prosecution
One-fifth of removable central bank governors shielded from legal actions
Denmark will reach r* this year – central bank
National Bank of Denmark continues 26-month streak of non-intervention in FX market
Governors serve unlimited terms in half of central banks
While term length averages five years, majority of governors can be dismissed early
MNB funds funnelled through ‘impenetrable’ structure – state audit
Management firm lost “significant amount” of central bank endowment in real estate investment, report finds
ECB tells lenders to regularly tap central bank liquidity
Banks should include refinancing operations in day-to-day liquidity management, say Buch and Schnabel
Smaller central banks more likely to manage government debts
Consumer protection widely overseen in larger institutions
No return to ‘whatever it takes’ for EU defence – BdF head
Villeroy de Galhau says US is “shooting itself in the foot” with tariffs
People: BNM appoints deputy and assistant governors
CNB makes appointments in internal audit and economic modelling divisions
Half of central banks must be consulted on law changes
Practice is slightly more common at banks with government officials on the board
Most people would not switch to digital euros – ECB research
Consumers would only allocate a small portion of €10,000 if given the choice, paper says
Olli Rehn appointed to second term at Bank of Finland
Governor joins European central bankers in warning of economic and geopolitical uncertainty
Forward guidance ‘partly to blame’ for inflation – panel
ECB should do more scenario planning, revise collateral rules and incorporate Taylor principles
ECB framework needs ‘few tweaks’ – panellists
Digital euro is “even more important” in the wake of Trump CBDC ban, says BdF governor
Eurozone outlines payment verification system
ECB says new service will build on work by Portuguese and Latvian central banks
Gilt repo clearing mandate on Bank of England’s radar
Sources say regulator mulling benefits of US-inspired regime, but is non-committal
MNB to follow ‘disciplined, patient policy’ – new governor
In first speech since taking office, Varga says bank will closely monitor food and service inflation
ECB calls for new macro-pru approach to address cyber risks
Stress-testing should combine top-down and bottom-up elements, latest bulletin says
Moldova joins Single European Payments Area
Central bank hails “historic decision” that it says will save citizens €12 million annually
Do central bank governors make good prime ministers?
Mark Carney is the latest to make the leap, but the record elsewhere has been mixed
European Central Bank continues easing with 25bp cut
Revised forecast points to stunted growth, as Lagarde says bank is operating in “high uncertainty”
Bundesbank backs German debt brake reform
Next chancellor could try to push reform through before new parliament is sworn in
Central banks buy more gold in January
Net accumulation follows dip seen in previous month
Digital euro could aid EU competitiveness – Cipollone
ECB board member argues for CBDC as bank says national card payment schemes are declining
Central banks split on whether CBDC will impact seigniorage
Some respondents see seigniorage depending on CBDC design choices