Independence
Parliamentary committee calls for BoE governance reforms
Report urges simpler mandate, greater “diversity of thought” and regular reviews
Incoming New Zealand government pledges to return to single price stability goal
New coalition government agrees to amend central bank laws to remove RBNZ’s dual mandate
Turkish central bank raises rates above market expectations
MPC hints it may be near end of tightening cycle despite continuing high inflation
Riksbank starts open recruitment procedure for board members
New central bank act requires publishing a recruitment profile and an open application process
Milei wins, putting the BCRA in the firing line
Candidate has promised to abolish central bank and encourage dollarisation
Israeli PM offers Yaron second term as governor
Yaron’s future as governor had been in doubt after Netanyahu refused to comment on his role
Paper calls for Sarb to pass reserves to South African government
Report says central bank contingency account appreciated by nearly $8 billion
Bank of Portugal’s ethics committee clears Centeno
Central bank says governor did not act wrongly in political crisis
Bank of Israel warns government over war spending
Central bank says crisis will have long-term costs and casts doubt on funding plans
Book notes: The economic government of the world 1933–2023, by Martin Daunton
A deep dive into the politics, personalities, trade theory and trade practice of the era, but missing a crucial element: the collapse in the US stock of money
The predicament of bloated central bank balance sheets
Swollen balance sheets carry significant risks for combating inflation, ensuring financial stability and preserving central bank credibility, independence and effectiveness. How can central banks reduce them?
Macklem warns Canadian politicians against rates lobbying
Governor says politicians’ letters could suggest ‘operational independence is at risk’
Riksbank needs a capital injection, says governor
Swedish central bank estimates it would need close to Skr80 billion
Ecuador president-elect sends mixed signals on central bank raid
Noboa pledged to spend $1.5 billion, but later said this would only be in emergency
New payments rule incites controversy in Argentina
Retailer and former central bank officials allege regulation shields banks from competition
UK’s PM should have power to fire BoE governor, politician says
Former minister says Bailey lacks confidence among finance sector and politicians
IMF holds Georgia deal over central bank and sanctions unease
Three vice-governors quit after central bank refuses to implement US sanctions against businessman
Thai PM meets governor after unexpected rate rise
BoT said new government’s spending package is an inflation risk, as currency falls
Nigerian senate confirms governor and deputies
President’s nominees took over as acting officials last week after former deputy governors resigned
National Bank of Georgia plunged into turmoil over US sanctions
Central bank says enforcing sanctions on a Georgian citizen would violate constitution
Turkey raises policy rates for fourth consecutive time
Foreign exchange rates little changed, despite president’s commitment to tight monetary policy
Second Ecuador candidate promises to spend reserves
Both candidates now plan to raid central bank funds, despite 2021 law
Tunisian president wants central bank to directly finance budget
Central bank governor has rejected calls for monetary financing as observers warn of growing crisis
Polish opposition accuses governor of bias over rate cut
Zloty falls after sharp rate cut as opposition accuses Glapiński of helping goverment