Independence
Mauritius governor defends central bank’s funding of government
“Unprecedented times” require “unprecedented set of measures”, says Seegolam
Nigerian president tells central bank to change forex policy
Central bank defends industrial subsidies and says border has been closed to prevent smuggling
Emerging markets act as standard bearers for tranching
Nearly two-thirds of reserve managers tranche; largest allocations made to investment tranche
Book notes: Quest for restoring financial stability in India, by Viral Acharya
A definitive contribution to the political economy of central banking in emerging economies, but author does not acknowledge the challenges moving forward
Klaas Knot on ECB policy-making, the FSB and central bank ‘capture’
The DNB president talks about unconventional policy, inflation target ‘bands’ and ‘circuit-breaking’
Mexican governor and president clash over loan allegations
Díaz de Leon says controversial loan decision was made before he headed development bank
Liberian court acquits all defendants in central bank trial
Judge strongly criticises decision to try former governor who president accused of corruption
Former Fed officials urge Senate to reject Shelton
Trump nominee’s views are “extreme”, officials say, as two Republican senators pledge opposition
Turkey holds rates but raises reserve ratios
Move appears to be attempt to stem fall in currency despite president’s opposition to rate hikes
Book notes: The menace of fiscal QE, by George Selgin
Much of this book is even more relevant, thought-provoking and important following Covid-19
RBI to pay out $7.6 billion to cash-strapped government
Central bank maintains capital at lower bound of specified range
South African governor warns against QE
South Africa is not near deflation and QE would harm stability, governor warns
More changes at top of NBU as donors watch closely
Council approves new deputy governor as NBU confirms strategy director has left
IMF supports Riksbank’s criticism of proposed central bank law
Swedish lawmakers propose separating monetary and financial stability measures
Shelton and Waller reach final stage of Fed nomination process
Both candidates received enough backing in first of two key votes, but neither escaped criticism
New NBU governor promises to safeguard bank reforms and independence
Kyrylo Shevchenko emphasises continuity in first remarks since taking office
Ukraine appoints new governor after IMF warns on independence
IMF and other donors want evidence that government is supporting central bank, insiders say
Sri Lankan governor obeyed president’s call for credit easing – reports
Central bank closes down two more deposit-taking institutions in signs of further strain
What makes for good financial supervision?
The Wirecard debacle has led to calls for more effective oversight
Bank Indonesia to buy $28 billion of government debt
Central bank increases direct financing of government, raising fears over currency and independence
Peter Praet on Europe’s Covid-19 responses
Former ECB chief economist discusses stability, negative rates, common debt and improving the EMU
Ukrainian governor resigns in protest
Smolii says he has been target of “sustained political pressure” aimed at stopping him doing his duty
Weidmann to testify quarterly in parliament to explain ECB policy
Measure follows constitutional court ruling requiring ECB to demonstrate proportionality of government bond purchases
Chilean government wants to give central bank QE powers
Draft law would allow Central Bank of Chile to buy government debt in “exceptional circumstances”