Coronavirus
Advisory services: Oliver Wyman
The consultancy has built a reputation for analytical excellence and governance expertise, and counts leading central banks across the globe as its clients
Global markets award: BNP Paribas
The bank shone across a wide range of business areas and regions during the turbulence of Covid-19
New monetary frameworks involve risk trade-offs – IMF’s Adrian
Lower-for-longer rates may help to avoid deflation, but could contribute to medium-term volatility
IMF delays SDR valuation review
Delay reflects priority placed on Covid-19 response and possible clash with other workstream
Belize central bank law to allow bigger loans to state
Amendments come amid debt crisis as IMF warns country to defend currency peg
US fiscal stimulus key factor for inflation in Mexico – governor
Banxico governor stresses importance of investor’s portfolio changes ahead of next policy meeting
Reserve manager of the year: Bank Indonesia
The Asian central bank stabilised the rupiah’s fall during the Covid-19 pandemic in large part due to its new macro-factor strategic asset allocation framework
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the authority, integrity and independence of the Bank of Mexico against significant external and internal pressures
Innovation in reserve management: World Bank Treasury/ANZ Bank
The pair developed a Swift-based messaging app to manage faster and safer cash operations for central bank members of Ramp at the height of the pandemic
Asset manager: BNP Paribas Asset Management
The European asset manager has leveraged its focus on official institutions, expertise in MBS, training, reporting and ESG compliance to grow its business with central banks
Pandemic payout freeze increased lending - BIS paper
Research finds restrictions depressed equities but augmented capital buffers and boosted loans
Nicaragua lowers policy rate as long recession continues
Recession and political turmoil have beset the country since before the Covid-19 pandemic
ECB to increase asset purchases
Lagarde says PEPP decision was unanimous as ECB staff increase inflation and growth forecast
Riksbank renews Covid-19 lending facilities
Riksbank extends $60 billion facility and will penalise banks that do not lend to non-financial firms
Lagarde expected to clarify ECB bond-buying plans
ECB has lowered purchases as yields have risen and spreads have increased
Pakistan government approves SBP autonomy law
Bill should secure central bank independence as required under IMF conditions, if it passes
RBNZ winds back pandemic liquidity support
Use of two facilities has been “very low” in the last six months, RBNZ official says
IMF expresses concern about São Tomé central bank
Reform law has languished for more than a year as nation copes with pandemic
Israeli reserves surge to new record high of $185 billion
International reserves portfolio reaches 46% of GDP
Bolivian central bank fires officials amid political dispute
Former governor says dismissals are likely to be influenced by change of government
Yield curve control not ECB’s ‘easiest way forward’ – Centeno
ECB board member Fabio Panetta calls for decisive action to reduce higher bond yields
Cash in circulation to remain elevated, Bank of Canada research says
Withdrawal and deposit relationships and high denominations to blame
Data-driven policy-making for central banks focus report 2021
In this report, Central Banking discusses why data is so crucial for central banks to make effective policy decisions and why current traditional indicators that are no longer fit for purpose. The pandemic has highlighted the need for an overhaul of data…
Brazil ramps up FX interventions to defend real
Governor Campos Neto says fall “is not justified by fundamentals”