Governance
Cyber security risks rose most in the past year
Operational and market risks also increased
People: Brazil’s Campos Neto comes down with Covid
Acting governor in Lesotho; Auer to head Eurosystem Innovation Hub; and more
Fed’s Clarida reveals large pre-pandemic equities trades
Departing vice-chair files amended disclosure forms, reigniting criticism of Fed leaders
Argentina raises rates for first time since 2020
BCRA raises benchmark rate 200 basis points, as IMF talks continue
Papua New Guinea reforms central bank and forces out governor
Law changes board and policy framework, and allows central bank financing
Turkish central bank announces $10 billion one-day profit
Move follows president’s pledge on dollar deposits amid evidence of worsening economic crisis
Adel Al-Sharkas appointed Central Bank of Jordan governor
Deputy governor promoted into top job as economy experiences “nascent” recovery
Poland continues tightening in new year
Central bank adds 50bp to rates, the fourth increase in a row amid high inflation
South Sudanese president fires governor for fifth time
President again dismisses governor as country’s economic crisis continues
Mexican government announces CBDC for 2024
Bank of Mexico has yet to comment publicly on the initiative
IMF finds Argentina bailout ‘did not deliver on its objectives’
Largest-ever IMF loan was ineffective and “not sufficiently robust”
IMF makes vaccinations a key focus for 2022
Work programme says fund will try to push forward efforts to “vaccinate the world”
Former Suriname governor sentenced to 12 years
Gillmore Hoefdraad fled country to avoid trial in case involving another former governor
Maltese regulator calls for ‘effort’ to leave AML grey list
Joe Gavin was brought in to lead MFSA after predecessor resigned over corruption allegations
UK court recognises Venezuelan opposition central bank board
Rival Venezuelan leaders have struggled over central bank and overseas gold reserves
Book notes: The cost of free money, by Paola Subacchi
A book worth reading, as it facilitates further discussion on substantial issues, but doesn’t fully address some of the problems it takes aim at
New Zealand MPs grill Orr on policy and personnel
Opposition leaders criticise RBNZ governor for high inflation and staff turnover
Central bank social media trends in the ‘Instagram age’
Uptake of visual social media platforms rises, as Facebook usage plateaus
Turkey’s currency hits new low after further rate cut
CBRT says it is intervening on foreign exchange markets as Erdoğan raises minimum wage
IMF mission to leave Brazil in June
Announcement follows criticism by finance minister of IMF forecasts
BSP inks deal with Australian firm for polymer note
Note Printing Australia will produce 1000-peso banknote, circulating from next year
The matter of minutes: Why open up private deliberations?
Many central banks publish records of MPC meetings, but far fewer publish vote tallies. Where should public scrutiny stop?
Kenyan central bank to oversee digital lenders
Governor had requested “teeth” from parliament but lawmakers removed some powers
Guinea junta replaces central bank leadership
Military president removes governor chosen by his civilian predecessor