Central Banking
NBU plots path out of war economy
Ukrainian central bank turns to monetary financing as government struggles to pay for war
Paraguay legislators clash with central bank over secrecy rules
Legislators considering changes to central bank law
BCB union suspends strike for two weeks
Brazil central bank workers reject 5% pay offer and will continue some labour protests
G20 creates fund to guard against future pandemics
WHO says there is a $10.5 billion annual funding gap
Fed’s Evans says current inflation ‘very different’ to past episodes
Inflation is following a “whale curve” and the Fed should target the body, president says
IMF panel weighs up wholesale versus retail CBDC
Officials reflect on trade-offs involved in crypto assets and new payments technology
Global spillovers not unique to US monetary policy – BoE paper
Fed and ECB both create spillovers through macroeconomic and financial channels
Nabiullina admits sanctions taking toll on Russian economy
Central bank preparing legal action in bid to unfreeze $300 billion of foreign exchange reserves
BCEAO governor becomes vice-president of Côte d’Ivoire
Ecowas president Jean-Claude Brou in line to take over as central bank governor
PBoC on hold as Fed signals steeper rate rises
Policy-makers face worsening pandemic, rising inflation and tighter global financial conditions
Do CBDCs make sense for Latin America?
Steven Kamin says CBDCs may be particularly beneficial to emerging market economies
Russia-Ukraine war revealing financial vulnerabilities – FSB’s Knot
Commodities markets, leverage and cyber attacks “warrant further attention”, says FSB chair
Climate transition set to boost inflation, finds Swedish research
Sveriges Riksbank analyses main inflationary forces stemming from climate policies
Chile central bank board adopts code of conduct
Regulations include anti-drug measures and trading restrictions
War forcing central banks into ‘delicate balancing act’, says IMF
Sudden repricing of risk could expose vulnerabilities, fund says in latest stability report
IMF raises red flags for global growth
Fund warns of global fragmentation as it cuts growth forecast and predicts higher inflation
PBoC announces policies to help pandemic-stricken economy
Package of 23 measures echoes actions taken in 2020
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks
Tech talent: a global bottleneck for central banks?
Central banks are struggling to recruit people with the right fintech expertise. The search for talent may also create new ethical challenges in managing links to industry
Yellen calls for IMF reform
US Treasury secretary says fund needs better “tools” to tackle crises as well as governance reform
Myanmar deputy governor is alive after shooting – reports
Military junta says Than Than Swe is being treated in hospital
ECB sticks to plan of gradual policy normalisation
Lagarde says net asset purchases should finish in the third quarter of the year
South Korea and Singapore tighten monetary policy
Central banks revise inflation forecasts up and GDP down
IMF launches vehicle for SDR transfers
Fund’s aim for $45 billion in transfers seems to fall short of earlier ambitions