Independence
Pakistan confronts inflation with 100bp hike
Third consecutive increase may be last for a while, MPC says
Book notes: Shades of sovereignty, by Paul Wilson
An essential and stimulating read for central bankers thinking about the monetary history of their state in relation to its historical perspective and broad international trends
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another
Mexican senate approves new governor
Victoria Rodriguez will become first female governor of the Bank of Mexico
How Turkey’s president created chaos in economic policy-making
Observers allege presidential domination of the central bank, unauthorised FX transactions and untrustworthy statistics
IMF mission worried about Mongolian central bank
Bank of Mongolia’s operational independence has been compromised, says fund
Central bank independence helps build reserves – researcher
Latin American central banks given independence built up strong FX reserves, paper finds
Mexican president nominates first female governor
Victoria Rodriguez has been undersecretary of finance in the current administration
Mexican president withdraws nomination of new governor
López Obrador had chosen former finance minister to lead Bank of Mexico from January 1
Turkish currency hits new low as central bank cuts rates again
Move follows Erdoğan’s dismissal of two deputy governors and one MPC member
BCB independence and Brazil’s inflation battle
Formal autonomy should help shield central bank from political pressure linked to 2022 elections, but challenges remain
Riksbank opens review of board members’ stock holdings
Investigation will assess whether officials violated “rules of conduct”
Time to stop handing out the pills: the great QE detox
We are facing a serious inflation threat that will test the resolve of central bankers, writes Jagjit Chadha. Central banks must reduce their reliance on QE. But how?
‘Say what?’ Trust in central bank communications
Central banks are changing how they communicate with different audiences, but judging the success of these communication efforts is difficult
HKMA says firms must report on national security law suspects
Financial regulators say firms must report on those arrested under anti-dissident law
Chilean president grants Marcel new term as governor
Central bank leader faces continued challenges from pandemic and rapid political change
Podcast: Paul Fisher on the future of balance sheet policy
Central banks must think about the composition of their balance sheets, the former BoE official says
Turkish central bank cuts rates again as currency falls
Lira hits new low days after president dismissed senior officials
Weidmann to step down as Bundesbank president
After over 10 years leading the German central bank, Weidmann will leave for “personal reasons”
James Bullard on Fed policy, action and governance
St Louis president calls for tapering amid “exceptional” job market and risk of “more persistent” inflation, quantifies ‘big tent language’ for pioneering AIT move, and details Congress’s role in Fed ethics oversight
Turkish president fires deputy governors
Move appears to be Erdoğan’s latest bid to impose low interest rates despite rising inflation
Slovak governor charged with bribery
Peter Kazimir denies wrongdoing, as president says he should consider resigning
Larry Summers on stagflation risks, lessons from Delphi and never-ending ‘punch’
The former US Treasury secretary speaks about fiscal ‘overexpansion’, Fed/Treasury debt discord, the pitfalls of ‘unknown unknowns’ and central bankers ‘unable’ to remove the ‘punchbowl’
Czech governor calls finance minister ‘incompetent’
Rusnok rejects finance minister’s criticisms of rate rise as general election draws near