Exchange rate
Suriname's president replaces fired governor
New governor vows to not bow to political pressure and finance public spending
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
Internationalising renminbi – Hong Kong leads the way
Hong Kong’s advantages in technology, talent and infrastructure make it best placed to form the primary transaction and risk management network for the overseas offshore renminbi market, argues Zhou Chengjun, IFF Academic Committee member and deputy…
IMF urges Morocco to pass new central bank law
The fund stresses importance of strengthening independence and role in financial stability
Global slowdown continues to warrant stimulus – Poloz
Poloz confident of Canada’s ability to adjust and says slowdown is temporary
Uganda’s Tumusiime-Mutebile raises concerns about growth
African country’s growth momentum looks set to stall as global uncertainty weighs on economy
Tunisia and France sign co-operation agreement
Central banks to share experiences in monetary policy, supervision, digital finance and inclusion
Yi pledges to continue opening up China’s financial sector
Some measures are yet to be finalised despite end-2018 goal
IMF urges Seychelles central bank to limit forex interventions
Mission chief Amadou Sy urges regulator to remain “vigilant” to inflationary pressures
BIS paper studies high-frequency data on central bank intervention
Sterilised foreign exchange interventions can help to slow credit growth, authors find
Pressure on Hong Kong dollar set to continue despite a dovish Fed
HKMA intervenes to defend peg, with pressure looking likely to continue
Brazil’s Campos Neto calls for independent central bank
President Jair Bolsonaro promised formal central bank independence during 2018 campaign
PBoC independence would help China’s exchange rate goals – IMF paper
Researcher recommends four China-specific policies to support greater exchange rate flexibility
IMF staff praise Bank of Jamaica’s engagement campaign
Authorities must pass law to guarantee central bank’s operational independence, says staff report
Zimbabwe borrows $985 million from pan-African lenders
International reserves cover only four weeks of imports amid limited access to hard currency
Trump criticises Powell over strong dollar
President complains about Fed’s rate hikes and quantitative tightening in driving up the dollar
Kuroda warns of more QE if yen continues to strengthen
But Bank of Japan continues to cut purchases of Japanese government bonds
Costa Rica has significantly improved inflation targeting – IMF staff
IMF report welcomes end to governors’ terms being linked to presidential elections
Bundesbank paper analyses G10 currencies
Industrialised countries’ currencies differ in their influence on each other, researchers find
Bank of Mexico gets lost in translation
Central bank removes sentence from English translation opening the possibility of a future rate cut
Central Bank of Iran may be forced to print money to pay government
Governor warns lawmakers that forcing CBI to pay monthly dividend is unwise
The answers to the 2018 Central Banking Christmas quiz
We reveal the answers to the Christmas quiz, and the winner
Lifetime achievement: Zhou Xiaochuan
Former PBoC governor stands out for his high levels of integrity, intellectual rigour and bold reforms