Central bank mandates
US unemployment rate stable at 5.9%
Little sign of ‘substantial further progress’ FOMC wants to see before taper
Angola grants central bank independence
Constitutional amendment will guarantee autonomy and add financial stability to mandate
NGFS has ‘momentum’, but faces obstacles – Després
Lack of data and frameworks hamper climate mitigation, says Banque de France official
Governance Benchmarks 2021 report – the frameworks that rule central banks
How are central banks governed? Benchmarking data offers insights on appointments, legal structures, powers, decision-making bodies, independence and more
Leading Republican alleges Fed overreach on race
Toomey writes to regional Feds about “recent, intense interest in ‘racial justice’ activism”
Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation
BIS Innovation Hub chief voices concerns about the timing of stablecoin and CBDC roll-outs, fintech risks for supervisors and monetary policy, and details development plans for eight innovation locations
Fed leaders hold dovish line as CPI surges
Board members and regional presidents say inflation and employment goals still far from met
Central banks have limited tools to tackle inequality – Carstens
Inequality is an issue for central bankers, but they cannot solve it on their own, says BIS chief
Central bank ‘activism’ risks long-run costs, paper argues
Central banks acting outside their mandate is “never without cost”, law professor says
Curbing booms could cut carbon emissions – BIS paper
Overheating economies can misallocate resources to carbon-heavy industry, authors find
Fed won’t set rates to ease debt pressure – Waller
Newest Fed board member stresses central bank autonomy in first public address
‘Do bank supervisors wear too many hats?’ asks BIS paper
Many countries require array of mandates beyond “safety and soundness”, authors say
RBNZ to support government housing objectives
New Zealand finance minister changes central bank’s monetary and financial policy remits
Bank Indonesia resumes monetary easing
Central bank commits to further government bond purchases on the primary market
Podcast: the legal implications of CBDC
The majority of central banks cannot issue CBDCs to the public under current frameworks
Central bankers debate next steps on climate change
Jens Weidmann argues for independent agency to relieve burden on central banks
Riksbank governor criticises proposed central bank law
Lawmakers’ proposal would damage ability to deal with crises and reduce independence – Ingves
Book notes: Money, by Geoffrey Ingham
The incompatible theories of money: Ingham reveals the fundamental clash of ideas that shape the environment in which all central banks operate
BoE considering green conditionality for corporate bond-buying
Executive director says BoE will discuss with Treasury whether it should gain environmental mandate
Biden promises new Fed mandate on racial inequality
Democratic candidate wants Fed to take responsibility for economic concerns of Black Lives Matter movement
Global carbon taxes are coming: central banks must prepare
The next financial crisis could be a green one. Are central banks doing enough to prepare?
ECB extends strategy review until mid-2021
Central bank postpones public events by six months due to the Covid-19 crisis
ECB unveils plan for its strategy review
Eurosystem will host “listening” events with general public, academia and civil society organisations
BIS’s Pereira says green QE could distort market
Central banks should focus on financial stability mandate not green QE, says deputy general manager