Fiscal policy
Spain’s De Cos calls for greater ambition in EU fiscal reforms
Redesign of fiscal rules must be supported by wider reform of financial governance, governor says
Ghana plans to ‘securitise’ debt to central bank
Country struggling to restructure debts and secure IMF loan
Rates round-up: Zimbabwe cuts policy rate to 150%
Azerbaijan raises rates 25bp; Qatar bucks Gulf trend; and more
Barbados names new permanent governor
Former IMF economist will succeed Cleviston Haynes
Risk Management Benchmarks 2023 – executive summary
Key results from the 2023 benchmarks, including risk priorities, organisational structure and metrics
Brazilian president questions central bank autonomy
Lula reiterates objections to current inflation target after central bank holds rates
Pandemic fiscal support had rapid inflationary impact – NBER paper
Inflationary impact of support to consumers was “quick to ensue, but moderate”, authors find
Alwyn Jordan becomes Barbados central bank’s acting governor
Cleviston Haynes left central bank on January 31 as his term ended
Bolivia seeks reserves boost from retail bond sale
Unusual central bank operation “does not make much sense”, former governor says
Bank of Ghana adds 100bp as crises grind on
IMF reportedly wants end to central bank financing
Argentina and Brazil’s currency proposal met with scepticism
Experts say it is unclear whether governments want currency union or trade settlement mechanism
Brazilian ex-deputy governor says inflation target too low
Mandatory public spending means Brazil will have higher inflation than its peers
Pakistan raises rates 100bp amid reserves crisis
Reserves now only enough to cover about three weeks of imports
S&P worried about Israeli plans to use SWF funds, says report
Finance ministry says no bill has been prepared
Federal Reserve saw fall in profits in 2022
Central bank remitted $76 billion to US Treasury, but has been in red since September
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
Zambian central bank needs more safeguards, IMF says
Fund says central bank’s independence is still under threat despite reforms
Romania may be at end of tightening cycle
Inflation resumed upward march in November, but major bank says cycle has ended
Argentina activates Chinese swap lines
Central bank says move will boost reserves but observer says it is unlikely to strengthen peso
Bahamas central bank backs law change on SDRs
Governor supports move to allow finance ministry to use SDRs but opposition condemns proposal
Tunisian governor warns country needs IMF deal after latest hike
Country faces rising inflation as foreign exchange dwindles and political crisis continues
Israel raises rates to highest level since 2008
Governor warns new government that markets expect fiscal responsibility
Iran appoints new governor amid protests and plummeting rial
Farzin becomes fourth head of central bank in less than two years
Sri Lanka cabinet approves draft of new central bank law
Measure will end CBSL role in buying government bonds