Independence
Central Bank of Bahamas lagging in independence and transparency – IDB
Independence and transparency influence the central bank’s credibility in controlling inflation, economist says
Central bank independence key to low and stable inflation – IMF
Domestic factors more important than global financial forces, researchers find
BoE’s Vlieghe: QE unwind need not impact yield curve
Yield curve has flattened since BoE’s independence and is likely to stay that way- MPC member
EC’s Cyprus ‘failure’ undermined Eurozone central bank independence – Demetriades
Barroso’s decision not to take legal action against Cyprus for undermining the independence of the central bank damaged the ECB’s authority and emboldened others, claims former CBC governor
Demetriades on political pressures on central banks and their governors
Former governor of the Central Bank of Cyprus speaks about the Cypriot banking crisis, the need for EU-wide AML oversight, independence and his fears for stability of the monetary union
Erdoğan takes control of Turkey’s SWF
Fund was created in 2016 and holds assets of key national companies
Lira rallies as CBRT hikes main rate
Currency stages modest recovery, as central bank follows through on promised action
New Zealand to open next phase of RBNZ act review
Labour government to review case for separating prudential supervision from the central bank
Trump and Erdoğan: cut from the same populist cloth
Barry Eichengreen compares the respective strongmen of the US and Turkey, as the latter country spirals towards crisis
Argentina creates new monetary policy committee
Central bank leaves rates unchanged on high inflation pressures
Right-wing commentator appointed to RBI board
Swaminathan Gurumurthy has been critical of the RBI in the past
Book notes: Till Time’s Last Sand, by David Kynaston
Kynaston allows readers to develop their own understanding of how the BoE has had to refind its place in a country where the political system has migrated from commercial republic to full-franchise democracy
Switzerland’s Jordan on extraordinary monetary policy and sovereign money
The Swiss National Bank governor speaks about currency intervention, negative rates, sovereign money and the diversification of reserves
South African governor warns against nationalisation
Call comes as Sarb’s senior lawyer accuses government ombudsman of lying under oath
Lira plunges as Turkish rates stay on hold
Central bank inactive despite spiralling inflation and looming debt crisis
First left-wing Mexican president in a generation unlikely to upend institutions
Andrés Manuel López Obrador has promised to respect the Bank of Mexico’s autonomy
Brazilian government must respect central bank independence – IMF
IMF directors warn against excessive exchange rate interventions
Erdoğan tightens grip on central bank with sweeping decree
President amends central bank law to hand himself key powers over institution’s governance
Bank of Israel’s Flug to stand down in November
First female governor stresses importance of central bank independence
ECB’s next president should not be part of G30 – EU ombudsman
Watchdog says central bank is “in denial” over Draghi’s membership
Erdoğan set to wield greater power over Turkish economic policy
President has said central bank’s rate hikes have helped boost inflation
Argentina falters at ‘historic’ moment for BCRA
Replacing Federico Sturzenegger with a finance minister with close ties to the president sends a confused signal about central bank independence
Paul Tucker: UK supervisors’ powers may go too far
Former BoE deputy says some central banks have too much power and not enough accountability; argues QE was necessary but problematic
IMF urges Algeria to abandon monetary financing
Fund says a weaker dinar would support efforts to reduce debt