Oil
Book notes: Bold vision, by Freddy Orchard
Largely uncritical insights about the formation of the GIC and Singapore’s currency regime
Europe unlikely to see major gas shortage this winter – research
Risks remain if alternative sources of natural gas falter, says Fed economist
Time to pay policy-makers based on their performance
The remuneration framework for central bankers needs reform amid failures to hit inflation targets, argues David Bholat
Climate change: a new financial risk for central banks
Overcoming ‘analysis paralysis’ and the lessons in capturing climate-related financial risks on the Deutsche Bundesbank’s balance sheet
PNG central bank dispute leads to fuel rationing
Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings
RBI’s Shaktikanta Das on financial sector reform, sticking to inflation targets and the e-rupee
The Reserve Bank of India governor speaks about developing credible self-insurance, bank regulatory reforms, and daily UPI payments hitting 300 million transactions
Central banking against a full-scale war
NBU governor Andriy Pyshnyy shares seven statements about ‘antifragility’ and ability to function under uncertainty – and succeed
ECB needs ‘persistence’ in tight policy, French governor says
Transmission is slow but rate should reach terminal level in summer, says Villeroy de Galhau
Dollar’s commodities link is creating risks, BIS paper warns
Simultaneous rises in dollar and commodities prices could harm stability, researchers say
Climate change and the role for central banks
Gavin Bingham, Andrew Large and Paul Fisher explain how climate change affects central banks and the competing tensions it raises in relation to policy responses
US sanctions Russia-linked investment bank in Hungary
Orbán government withdraws from lender called “spy bank” by opponent
Eurozone faces risk of entrenched inflation – Villeroy de Galhau
Banque de France governor says higher core inflation indicates widespread pressures
Opec+ production cut threatens inflation outlook
Higher energy prices were the main factor boosting inflation in 2022
Bank of Guyana rejects FX criticism
Country’s FX reserves fell to 1.4 months’ worth of export cover in the autumn
Easing supply chain pressures could bring US inflation below 4%
But authors with the New York Fed warn a further oil shock could keep inflation near 6% in 2023
RBI continues with gradual monetary tightening
Governor notes continued progress on inflation but core index remains “sticky”
Libyan parliament replaces rebel-held areas’ central bank chief
Move came after relations between civil war-torn country’s central banks worsened
Ghana hikes rates again as inflation passes 40%
Governor says country faces “huge financing gap” as government uses central bank credit
Vietnam’s central bank tells banks to lend to fuel companies
Mounting crisis sees petrol stations running out of fuel as oil and gasoline firms struggle to secure loans
Book notes: Yellen, by Jon Hilsenrath
Offers new insights into the tough decisions Yellen has made as a pre-eminent economic policy-maker
Saudi sovereign wealth fund issues first bonds
Public Investment Fund markets $3 billion in “green bonds” for climate investments
US CPI inflation remains high
Headline reading falls slightly, while core inflation continues to rise
IMF publishes sober outlook for 2023
“Worst is yet to come”, says chief economist
Eurozone governments must tackle energy crisis, says ECB
Philip Lane backed 75bp raise against opposition from some dovish members in most recent meeting