Coronavirus
Canada and New Zealand step up rate hikes
Both central banks raise rates by 50bp in bid to “head off” rising inflation expectations
IMF paper calls for action on long-term Covid risks
Vaccination drive is falling short and is not enough on its own, authors say
Nepal suspends governor as economic problems deepen
Maha Prasad Adhikari faces possible dismissal, as Nepal struggles to cope with Covid-19 fallout
Chinese draft law sets up financial stability fund
New government committee would oversee financial stability as concerns grow
Research provides deeper look into Riksbank’s policy decisions
Swedish central bank developed a flexible, faster deliberation process when dealing with pandemic
Is a bond market crisis imminent?
Central banks need careful action and a good dose of luck if they are to avoid financial instability
Eurozone inflation reaches record high of 7.5%
Observers think ECB is increasingly likely to accelerate plans to tighten monetary policy
Central Banking Awards 2022: the winners in full
Recipients of the 2022 awards include Stanley Fischer, the Bank of Korea, Mario Marcel and many more
Central bank of the year: Bank of Korea
South Korea’s central bank was the first developed-world central bank to tighten policy to address inflationary risks
Transparency: Czech National Bank
New monetary policy report, and publication of attributed minutes and economic model raise the bar for disclosure
Central Banking Awards 2022: third group revealed
Awards recognise payments, currency, regulatory technology and financial market infrastructure
Currency initiative: Central Bank of the Philippines’ Cash Service Alliance
Homegrown IT system allows Philippine central bank to direct cashflows between banks during Covid-19
Currency manager: Central Bank of Costa Rica
New banknotes and coins combine environmental protection, aesthetics and security
Fiji launches $7 varnished banknote
Reserve Bank issues commemorative note to celebrate rugby sevens squads
Are central banks ahead of banknote counterfeiters?
Antti Heinonen analyses data on recent trends in counterfeiting
Economics Benchmarks 2021 – presentation
Central Banking’s economics subject matter specialist Daniel Hinge speaks with Chris Jeffery about governance, modelling, forecasts and research
ECB announces phased end to Covid-19 collateral loosening
Conditions for access to liquidity schemes will tighten but Greek sovereign debt waiver will remain
More central banks have diversity and sustainability policies
But these policies remain less common than codes of ethics and whistleblower policies
ECB supervision and the state of the eurozone’s banks
ECB banking supervision has passed the first stage of the Covid-19 test. But many challenges remain, including banks’ internal governance and data processing, excessive leveraged lending in some segments, and a lack of progress towards a more competitive…
Sri Lankan currency falls sharply after central bank changes policy
Rupee falls below central bank’s expectation and government says it will seek IMF aid for crisis
Governor of the year: Mario Marcel
Chile’s governor has expertly navigated a third currency crisis in two years, amid wider EM stress and political volatility, while bolstering the central bank’s capabilities
Riksbank’s pandemic QE eased financing conditions, says research
Swedish central bank’s purchases boosted equities, depreciated krona and cut bond yields
Book notes: Shutdown, by Adam Tooze
A useful, wide-ranging overview, showing how health and economic policies are intimately intertwined with geopolitics
Peru’s central bank continues policy tightening
Most indicators are pessimistic, central bank says, as IMF staff warn of possible currency pressure