Open-market operations
Sri Lanka considers move to single policy rate
CBSL plans overhaul of monetary operations and improved liquidity forecasting
Claudio Borio on financial cycles, operating frameworks and non-bank reform
The BIS veteran highlights a ‘unique constellation’ of challenges for central banks as they fight inflation
People: New York Fed appoints new Soma manager
Fed names new FOMC secretary; ECB IT head is leaving; new COO at Irish central bank
Corridor system used by most central banks to set rates
But methods vary widely depending on policy target and tools such as quantitative easing
Monetary policy and ops divisions mostly segmented
Nine in 10 institutions separate units in the Americas, Asia and Europe
Botswana hikes newly introduced policy rate
Central bank announces first rate increase since 2008 as inflation stays in double digits
Technology services: SAP
The software company pulled off a high-stakes ‘big-bang’ launch of a new core banking system for the Saudi Central Bank
Yen drops as BoJ defends yield curve target
Bond operations send Japanese currency to seven-year low against the dollar
RBA preparing changes to open market operations
Assistant governor says reforms needed as liquidity and monetary policy evolves
Effective market operations in a modern central bank
Oliver Wyman’s Paul Fisher and Oliver Wünsch explain how central banks can successfully organise and manage their market operations departments with a public sector workforce, and when their objectives are not dictated by financial returns.
BoE report sheds light on Covid market operations
Surge in scale and frequency of operations amid switch to work from home created “issues”
RBA cancels market operations due to outage
Issue at third-party provider impacted central bank and several commercial banks
NY Fed updates Treasuries purchasing programme
New York Fed changes maturity ranges and sector weights of bond purchases
Fed may make Fima permanent – SF president Daly
SF Fed president says policy-makers also considering creation of domestic repurchase facility
Greenpeace lands activists on ECB roof
Stunt publicises new study arguing collateral framework favours high-carbon industries
New York Fed’s markets chief leaves for White House job
Singh will hold joint security and economics position; Baum becomes acting head of markets
Georgia’s Gvenetadze on implementing an aggressive reform agenda
The National Bank of Georgia governor speaks about efforts to improve monetary policy, financial infrastructure, financial literacy, transparency and ESG
Minutes highlight scale of BoE’s Covid-19 redeployment
Some staff were overwhelmed with work while others had little to do
Lagarde awards Schnabel key policy role in renewed ECB board
Panetta leads market infrastructure and payments, banknotes and international relations
People: Logan to head NY Fed market ops; Norges Bank deputy departs
Lorie Logan and others get senior roles at New York Fed; Norges Bank deputy steps down early
NY Fed unveils new measures to tackle year-end funding pressures
Fed is expecting a “sharp increase” in flows out of reserves during December, statement says