South Africa
Namibia increases policy rate by 50bp
Central bank shadows South Africa’s hike last week to preserve currency link
Sarb hikes rates as inflation continues to rise
MPC votes by three to two for 75bp rise as Kganyago warns power cuts are harming economy
Exchange rate key to policy decisions – Sarb’s Cassim
“What counts as tight” is changing worldwide, forcing central banks to keep up, deputy says
South Africa risks FATF sanction as legacy of state capture endures
Central bank finds thousands of bank clients have missing citizenship and incorporation data
Sarb orders largest rate rise since 2002
MPC orders 75bp increase as currency weakens and inflation surges
Corridor system used by most central banks to set rates
But methods vary widely depending on policy target and tools such as quantitative easing
Central banks and UN working to improve remittance data
Flows are critical income sources for many economies, but data is often limited
Rates round-up: South Africa, Philippines and Egypt hike
Emerging markets tighten policy amid unrelenting inflation
Sarb puts South African bank into receivership
Central bank concerned by governance at lender owned by union and employers’ trust
QE ‘inappropriate’ for South Africa – Sarb paper
Asset purchases may create moral hazard and undermine debt management strategy, author says
Technology services – regulatory: Regnology
The regtech/suptech provider continues to innovate, securing major new contracts with central banks and regulators
People: Sarb appoints new Prudential Authority chief
New Malaysian assistant governor to take office in April, and RBNZ hires chief economist
Namibia marks first rate hike in six years
Central bank acts to “safeguard” link to South African rand
IMF says Sarb should consider lowering inflation target
Lower inflation could bring various benefits, but only “when circumstances allow”, say staff
Picking up the pieces: how to tackle the next phase of the Covid crisis
The global economy is heading into dangerous territory, writes Jagjit Chadha. Central banks must honour their commitments to price stability
Lesotho raises rates and increases reserves
Central bank increases policy rate 25bp in bid to defend peg and fight inflation
Sarb raises rates 25 basis points as inflation rises
MPC votes by four to one for hike, as inflation nears top of target range
2021: The year in review
The year has seen central banks switch from recovery mode to battling inflation. Central Banking looks back at the stories that made the biggest impact in 2021
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another
Sarb raises rates for first time in 17 months
MPC splits three to two on vote to increase rates
Central bank communications ‘after’ Covid
From crisis responses to coping with sudden digitisation, Covid-19 forced central bank comms teams to innovate fast. How much of it will stick?
Crypto asset transactions hit ‘macro critical levels’ – IMF GFSR
Crypto valuations “already systemic” in “many countries”, international rules "probably some time away", says IMF’s Adrian
Sarb governor urges shift to narrow inflation target
Kganyago says it was a “mistake” to maintain a target band for so long
BIS to work on cross-border CBDC test with four central banks
Australia, Singapore, South Africa and Malaysia will help create shared DLT platforms