Independence
Should the ECB increase the transparency of governing council meetings?
Observers and former officials weigh pros and cons of greater disclosure for policy efficacy and independence
Book notes: The long journey of central bank communication, by Otmar Issing
This book is a “masterly exposition on central bank communication, its evolution and continuing challenges”
Turkish central bank makes fourth rate cut in six months
Central bank has reduced rates by 850 basis points since president dismissed last governor
BoE will get back €58 million from ECB after Brexit
Decision yet to be made on who will make up the capital shortfall
Trump’s criticism undermining confidence in Fed – Yellen
Political pressures could hurt central bank independence, says former Fed chair
CBRT to hand over profit and reserves to government
Law change permits government to dip into central bank’s reserves
Fed governors are losing influence, financial historian argues
Peter Conti-Brown examines the eroding influence of the democratically accountable members of the FOMC
Claudio Borio says central bank independence is tied to globalisation
Both are underpinned by the same “economic and political zeitgeist”, the BIS economist says
New Zealand launches next phase of RBNZ governance overhaul
RBNZ gains new governance board and formal financial stability remit
Tribute to a great man
Peter Bakstansky highlights Paul Volcker’s legacy of probity and integrity
Sri Lankan government may not pass central bank reform – adviser
Former governor’s comments come as IMF praises draft law on central bank inflation targeting
Paul Volcker, 1927–2019
The Fed chair made his name battling inflation, and left his mark on post-crisis financial regulations
Argentinian president appoints new governor
Miguel Angel Pesce rejects high interest rates as means of reducing inflation and backs price controls
PBoC’s monetary policy framework not likely to change – RBA research
Institutional structure prevents alignment with international peers
Turkish central bank faces sluggish economy and political pressure
Updated policy framework includes major increase in MPC meetings, but few other changes
Argentine governor resigns before new president takes over
Guido Sandleris calls for economic consensus and central bank independence to tackle high inflation
Swedish MPs propose dual mandate for Riksbank
Proposals aim to redefine institution’s role in monetary policy, financial stability and payments
Government cannot ‘grab’ central bank’s resources – Njoroge
CBK governor reiterates central bank-funded bailouts “never work”
El Salvador central bank chief quits after five months
President asked Carlos Federico Paredes to step down due to ongoing accusations of real estate scam
Turkish president calls for further rate cuts
President Erdogan dismissed previous central bank governor in March over failure to cut policy rates
Ukrainian central bank accuses oligarch of intimidation campaign
Ihor Kolomoisky is behind “slanders” and violence “by hired thugs” over bank nationalisation, says NBU
IMF paying closer attention to central bank independence, research shows
Central banks must “step up their game” on improving transparency, Tobias Adrian writes
EU could take legal action against Slovene central bank law
Commission could act over lawmakers’ bid to force central bank repayments
Mexican governor defends autonomy as president questions it
Alejandro Díaz de León commemorates Bank of Mexico’s 25 years of independence