Independence
Former Fed chairs stress importance of central bank independence
President Donald Trump has repeatedly criticised chair Jerome Powell for keeping interest rates too high
RBI implements fourth rate cut of the year
Central bank reduces interest rates by 35bp to 5.4%, as it lowers growth forecasts
Mexican president pressures central bank to focus on growth
Bank of Mexico should cut interest rates “to kickstart the economy”, says Andrés Manuel López Obrador
Trump says Powell ‘let us down’
US president calls for looser policy and criticises Fed as Powell gives no clues on future path
Germany’s constitutional court rejects case against ECB supervisory powers
Plaintiffs claimed transfer of regulatory powers to European level was not covered by EU treaties
Turkish government may shift central bank to Istanbul
No official response to reports that finance ministry and central bank will move in next two years
Eritrean authorities must restore central bank independence – IMF
Macroeconomic situation is “dire” and financial sector needs restoring, IMF says
Turkish central bank makes largest-ever rate cut
Unprecedented 425bp cut will raise independence fears following governor’s dismissal
IMF calls on Brazilian legislators to pass central bank independence law
Staff welcomes new law blocking central bank transfers to the Treasury from reserves revaluations
Bankers join Liberian central bank board after Senate U-turn
Lawmakers reverse decision and accept candidates in secret session as concerns mount
New Turkish governor hints at willingness to cut rates
Monetary policy has “room for manoeuvre”, Murat Uysal says ahead of next week’s meeting
South African president reappoints Sarb governor
Ramaphosa gives second term to Kganyago, who has defended central bank’s independence
Mexican peso falls on finance minister resignation
Crisis complicates inflation outlook and fuels fear of political interference in independent institutions
IMF to propose amendments to Pakistan central bank law
Changes will support efforts to reverse government debt trajectory, the fund says
Turkish governor is dismissed after clash with president
Erdoğan says governor refused his demands to cut rates, local media reports
IMF gives Pakistan bailout, but demands central bank freedom
Imran Khan government must have flexible exchange rates and end monetary financing, IMF says
Italy’s central bank plans could break EU law – ECB
The ECB is challenging the Italian coalition’s plans to take control of gold reserves and central bank shares
RBNZ launches strategy to become ‘best central bank’
Statement of intent for 2019–22 includes an update to RTGS system, and a “future of cash” plan
RBI deputy Acharya quits early
Viral Acharya was outspoken on issues of independence
Ramaphosa confirms Sarb mandate remains unchanged
South African president defends central bank independence following attacks from his party
Weidmann accepts OMT as ministers discuss Draghi succession
Bundesbank president withdraws his opposition to OMT programme unveiled by Mario Draghi in 2012
Fischer warns Trump could sabotage Fed crisis response
Fed independence under “unprecedented” threat and second Trump term would harm US – Fischer
Bolsonaro intrudes into Brazil’s economic institutions
President forces head of Brazilian Development Bank to resign; central bank denies existence of monetary union plans
National Bank of Romania resists the populists – for now
Veteran governor Mugur Isărescu has run a largely successful campaign to defend the central bank’s independence during a turbulent year