Coronavirus
BoE tightens countercyclical buffer as risks stabilise
Banks expected to meet higher rate without cutting lending, even as capital ratios dip
ECB’s de Guindos tests positive for Covid-19
Vice-president has “very mild” symptoms and has not been in “close contact” with Christine Lagarde
US inflation reaches new peak
CPI figure hits 6.8%, the highest rate in nearly four decades
Reserve Benchmarks 2021 – presentation
Central Banking’s reserve subject matter specialist Victor Mendez-Barreira speaks with Chris Jeffery about liquidity, reserves coverage, external partners, human and tech resources, and ESG implementation
Polish central bank hikes rates again
NBP says it will continue to act to push inflation back to target
Peruvian central bank orders fifth consecutive rate hike
Board says it may not implement further hikes and above-target inflation is “transitory”
Labour market changes key to inflation – BIS’s Shin
Central banks may face “race against time” to prevent wage-price spiral, says Hyun Song Shin
Brazilian MPC tightens rates again despite sluggish growth
MPC “foresees another adjustment of the same magnitude” at next meeting
New Zealand banks well positioned to face new Covid shock, says RBNZ
Central bank carried out both solvency and liquidity stress tests in 2021 exercises
Pandemic spurred use of alternative data
Advanced and emerging market economies prioritise different applications
Currency Benchmarks 2021 report – executive summary
Perspectives on staffing, circulation, forecasting, note security and composition, outsourcing and more
BIS calls for systemic approach to non-banks
“It is essential to reduce the need for emergency central bank support,” says report
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another
Eurozone officials call for major fiscal changes
Stability and Growth Pact is hampering policy, speakers at ECB conference argue
Quarles says Congress should rein in Fed funding
Former vice-chair for supervision calls for new body to wind down liquidity programmes
Covid-19 causes bigger growth forecast errors
But central banks perform better at forecasting inflation
Eurozone unemployment declines to 7.3%
Youth unemployment rate also falls but is much higher at 15.9%
Suptech use expanded during pandemic, says BIS report
Survey of regulators finds authorities’ leadership support is vital for suptech development
How Turkey’s president created chaos in economic policy-making
Observers allege presidential domination of the central bank, unauthorised FX transactions and untrustworthy statistics
Powell: FOMC may accelerate taper
Fed will no longer refer to inflation as “transitory”
Eurozone inflation hits record high of 4.9%
ECB expected to clarify the future of its stimulus programme on December 16
IMF mission worried about Mongolian central bank
Bank of Mongolia’s operational independence has been compromised, says fund
Kyrgyzstan raises rates again after lull
Central bank orders 50bp hike amid double-digit inflation
Bank of Tanzania ‘working on CBDC’, governor says
Luoga says “cryptocurrencies are not safe” and president has urged work on CBDC