Foreign exchange
Social media: an essential tool for central bank communication
Strategies to secure popularity, comprehensibility and reputation as new media takes centre stage
Argentina continues rate rises
Central bank increases headline rate by 550bp to 75%, but inflation continues to rise
Haitian banks suspend operations
Banks close as Caribbean country is rocked by fuel protests and inflation hits 10-year high
West Africa central bank orders second rate rise of 2022
MPC says drought, unrest and global commodities shocks are driving up inflation
BoJ conducts FX rate check amid falling yen
Analysts question whether FX intervention is feasible without monetary policy shift
Morocco’s Jouahri on inflation, forex reform, digitalisation and sustainability
The Central Bank of Morocco governor speaks with Christopher Jeffery about Covid-19 policies, Fed tightening, BIS membership, regional co-operation and financial inclusion
Myanmar may go on money laundering blacklist, report says
Opposition calls on New York Fed to unfreeze Myanmar assets to back proposed digital currency
Ethiopian central bank tightens limits on foreign exchange
Inflation was 33.5% in July
Bolivian legislators ask to inspect gold reserves
Opposition politicians claim government wants to monetise and spend gold
Chile rejects new constitution, sinking central bank reform
Draft had proposed some changes to central bank governance and mandate
Will the dollar remain the world’s reserve currency?
Bank of Russia sanctions are unlikely to undermine the US dollar’s central role in reserve portfolios. But a relative decline in US economic weight and technological innovation are benefiting other currencies
IMF says Sri Lanka must reform central bank law for $2.9bn bailout
Government must end monetary financing and give central bank autonomy, fund says
Bank of Mexico’s battle to restore price stability
Despite presidential attacks, former officials say a solid institutional framework preserves central bank autonomy – likely a key asset in the battle against inflation
Chile renews IMF flexible credit line as risks grow
Months after ending the previous facility, Chile has reactivated it
Gontareva on Ukraine’s funding, NBU policy and reconstruction
Former NBU governor Valeria Gontareva speaks about donor funding shortfalls, NBU policy and financial stability challenges, Nabuillina and the seizing of Russian assets, and post-conflict rebuilding and modernisation
Geostrategic risks now a major factor – CNB reserves head
Ondrej Strádal supports use of CBR reserves for reparations, is reassessing renminbi allocations and has US recession as a ‘base case’ scenario
Pakistan names new governor
Jameel Ahmad succeeds Reza Baqir after three-month delay
Turkish central bank shocks with 100bp rate cut
Rogoff describes move as “nuts”, as official inflation neared 80% in July
Zimbabwe officials considering currency board
MPC member says arrangement would require $700 million in reserves
Taiwan academics call for central bank reform
Academica Sinica says the central bank could invest part of its foreign reserves into a sovereign wealth fund
Cuban regime to buy foreign currency near market rates
Move cuts peso’s dollar exchange rate by four-fifths after Cubans protest over shortages
Taiwan governor says ‘no need to worry’ about capital outflows
Yang Chin-Long says Taiwan has sufficient foreign reserves to handle potential FX volatility
Armenia orders 25bp interest rate hike
High inflation prompts central bank to continue postwar tightening cycle
Turkish business chief criticises central bank as lira falls further
Governor says central bank is working to make Turkish firms use more lira-denominated assets