Central bank mandates
RBNZ’s Orr backs use of indigenous language
Governor defends services in Māori as new government vows to cut use of indigenous language
Incoming New Zealand government pledges to return to single price stability goal
New coalition government agrees to amend central bank laws to remove RBNZ’s dual mandate
RBA’s Bullock rules out setting an employment target
Governor says full employment cannot be reduced to a single measurement
Opponents of dual mandate win New Zealand elections
National Party promises to abolish RBNZ commitment to ‘maximum sustainable employment’
New Zealand finance minister defends dual mandate
Robertson rejects calls for changed mandate and new regulator ahead of general election
Momentum builds to end RBNZ dual mandate
Think-tank calls for abolishing deposit insurance and creating new prudential regulator
DeSantis attacks Federal Reserve
Republican candidate suggests he would name new Fed chair
New Zealand rejects RBNZ’s call for single price-stability goal
Updated central bank remit retains twin goals of price stability and maximum sustainable employment
Chilean commission proposes broader central bank mandate
Elected officials and experts will decide on proposal before voters decide in December
Chile governor warns committee against adding mandates
Debate over central bank role continues in Chile’s second attempt at new constitution
BoE may have ‘too much to do’, experts warn
Secondary remits may be diverting attention from key tasks, House of Lords committee hears
Central banks should explain why losses are necessary – BIS paper
Policy goals sometimes necessitate losses but they need to be accompanied by clear communications
New law gives BI monetary financing power during crisis
Law also adds mandate for central bank to support economic growth
Independence white paper outlines possible Scottish central bank
Proposals map out “the process of establishing a Scottish pound”
New Zealand central bank suggests change to mandate
RBNZ says mandate could prioritise price stability and drop housing requirement
ETFs in reserve management focus report 2022
Exchange traded funds (ETFs) have risen in popularity among investors and may be of interest to central bank reserve managers in pursuit of safety, liquidity and returns. Central bank mandates vary, but all reserve managers must navigate a new, complex…
More central banks engage in gold lending and swaps
Securities lending is more common among central banks from high income jurisdictions
Bank of Canada critic becomes leader of the opposition
Pierre Poilievre said in May he would fire governor for failing to contain inflation
Chile rejects new constitution, sinking central bank reform
Draft had proposed some changes to central bank governance and mandate
UK’s possible next prime minister promises BoE mandate change
Liz Truss says situation now “very different” to when central bank’s mandate was laid down in 1997
Colombia announces largest-ever rate increase
Central bank orders 150bp rise, while president-elect announces next finance minister
Institutions in the Americas have most monetary policy staffing
Six institutions expanded workforce by an average of 7%
Chilean convention proposes central bank reform
Draft constitution would give central bank broader mandate and larger council
Leading Colombian presidential candidate plans central bank reform
Gustavo Petro claims current government has captured the board of directors