Canada
Bank of Canada raises policy rate
Hike marks end of ultra-loose policy imposed in response to Covid-19
Rethinking sovereign risk
‘Risk-free’ assets now include the possibility of complete confiscation with no recourse
Bank of Canada carries on as truckers protest
Non-essential staff working from home as anti-vaccine demonstrators occupy Canada’s capital
BoC paper highlights ‘profound impact’ of heterogeneity
Confluence of factors has pushed heterogeneity into the forefront of economic research, authors say
Canada removes forward guidance and maintains policy rate
Economic slack was absorbed rapidly in late 2021 and early 2022, bank says
Only some firms pay attention to economic news – Bank of Canada paper
Attention is “polarised and counter-cyclical”, affecting policy impact, researchers find
Bank of Canada pilot explores transitional risks of climate change
Six financial institutions joined the central bank and financial regulator in auditing their assets
Google data offers real-time indicator of business closures, says BoC research
Google Places database can reveal whether businesses are gone for good or just “hibernating”
Bank of Canada paper proposes ‘expiry date’ on offline CBDC
CBDC could have expiry date to help consumers recover lost money, authors say
Bank of Canada renews monetary policy framework
Central bank conducts first “systematic” study of other frameworks since it adopted inflation targeting
One in five central bank economists have a PhD
Central banks in Africa lag behind peers in sponsoring PhD programmes
Central banks’ diversity policies can only go so far – RBA’s Debelle
Policies can only go so far in reducing the inequality gap, Debelle says, while providing update on “reconciliation” plan
Advanced economies more likely to outsource counterfeit detection
Emerging market economies more likely to outsource distribution
People: ECB appoints new head of macro-pru
BIS names Innovation Hub directors; Bundesbank sends representative to Madrid; and more
Bank of Canada ends QE
Inflation proving “stronger and more persistent than expected”
Unemployment falls across North America
US recovery is weaker than expected, while Canada reaches pre-pandemic jobs levels
Canadians ditched cash during pandemic, research shows
Central bank data shows cash withdrawals fell in comparison to debit card transactions
Strategies for change: central banks’ quest for diversity
Dedicated diversity strategies remain uncommon among central banks, despite growing recognition of the need for better minority representation
Central banks split on blackout periods
Reasons for operating blackout periods include facilitating effective policy transmission and avoiding speculation
Canadian governor outlines next phase of policy
Governor says Bank of Canada will keep asset holdings unchanged in “reinvestment phase”
Carolyn Rogers hits back at critics of Basel III
BCBS secretary-general dismisses “very tired” arguments against full implementation
Bank of Canada on hold as growth proves weaker than expected
Second quarter contraction comes as Canadian exporters struggle with bottlenecks
Payments Canada launches new wholesale payments system
Bank of Canada governor says new system is important to keep system secure and efficient
Canada records surprise GDP decline
Second-quarter figures show 0.3% contraction, which may affect taper and monetary policy