Central bank mandates
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
Pakistan passes central bank autonomy law
Senate approval brings country closer to meeting IMF loan requirements
Effective market operations in a modern central bank
Oliver Wyman’s Paul Fisher and Oliver Wünsch explain how central banks can successfully organise and manage their market operations departments with a public sector workforce, and when their objectives are not dictated by financial returns.
Few central banks cover environmental risk
Central banks list environmental risk as a minor source of risk
Book notes: Monetary policy in times of crisis, by Massimo Rostagno et al
Mass of intellectual effort gives rare insights into ECB’s inner working
How to #GreentheCBs
Invesco‘s Claudia Castro and Wim Vandenhoeck explore how central banks can strike a balance between innovation and disruption with their sustainability agendas.
Finding room for ESG
Central Banking speaks to four policy-makers for their thoughts on ESG principles, their respective institutions’ approaches, potential restrictions and an update on integration.
Marcel: New constitution should protect central bank independence
Chile governor gives presentation before historic constitutional convention
US adds more than half a million jobs in October
Unemployment falls to 4.6% as labour market perks up again
People: FCA chair steps down; Esma chair steps up
UK’s Financial Conduct Authority announces departure of chairman; Verena Ross to chair Esma; Ecuador’s central bank gets new monetary and financial policy boards
G7 says retail CBDC networks should be carbon neutral
Group of Seven outlines 13 retail CBDC principles in new report
Why fintech governance matters for central banks
Fintech throws up an array of challenges that may require central banks to adapt their frameworks