People
Namibia’s central bank cuts rates to record low
Central bank acts to preserve link to South African currency as it reintroduces lockdown measures
Bosnia and Herzegovina central bank staff donate salary to fight Covid-19
Over $20,000 will be donated to charities including the Red Cross
Chicago Fed breaks ties with economist over Black Lives Matter criticism
Controversial comments by senior professor ignite debate over racism in economics, and the Fed’s role in tackling inequality
Norges Bank supervisory board strongly criticises contract with new SWF head
Board tells lawmakers the contract agreed by central bank governor lacks sufficient safeguards
People: Former BoC governor Poloz joins board of energy firm
Stephen Poloz joins the board of Canadian pipeline firm Enbridge; Haldane gets third time on Bank of England MPC; Bank of Israel director general steps down; and more
Cost of Mark Carney’s leaving gifts revealed
Former governor’s gifts appear small in comparison with predecessor Mervyn King, as Covid-19 prevents leaving party from occurring
People: Hungarian deputy unexpectedly resigns
Marton Nagy resignation raises questions on future policy; BIS picks new CPMI secretariat head
Bangladeshi governor’s term extended amid pandemic crisis
IMF approves aid worth 50% of Bangladesh’s quota and says country faces major challenges
Norges Bank signs working agreement with Nicolai Tangen
Tangen’s appointment as SWF chief had been questioned due to his relationship with his predecessor
No date in sight for Fed Board nomination vote
Delays in voting on Judy Shelton and Christopher Waller leave board understaffed during crisis
OCC chief resigns immediately after finalising controversial regulation
FDIC abandons support at final hour after facing strong criticism from Democratic senators
People: Carmen Reinhart to be World Bank chief economist
Carmen Reinhart to take over from Penny Goldberg at World Bank; BIS picks Hong Kong hub head; Libra Association appoints chief executive
Bank of Japan appoints first female executive director
Tokiko Shimizu becomes first female executive director since bank was established in 1882
Norges Bank proceeds to draw up contract of new SWF chief
Nicolai Tangen’s appointment came under scrutiny after it was revealed he asked incumbent for help during hiring process
New Bank of Canada governor selected
Tiff Macklem, the senior deputy governor under Mark Carney, will replace Poloz on June 2
People: Sandra Boss quits BoE roles to join BlackRock
Prudential committee member to join asset manager; Coeuré to head committee on Covid-19; State Bank of Vietnam appoints new director-general
Private sector banker appointed Bank of Namibia chief
President acknowledges long-standing deputy might have felt “passed over” for role
Martin Galstyan named next Armenian central bank chief
Experienced central banker will inherit below-target inflation and depressed commodity prices
Norway’s SWF leadership caught up in expenses scandal
Incoming chief executive asked current CEO for a favour weeks after inviting him to a seminar in the US
People: Sarb and BoE renew senior appointments
Senior Sarb and BoE officials receive new terms; MAS picks new assistant managing director; ECB appoints director; William Dudley takes consulting job
HKMA staff to get 2.5% pay increase
Senior staff, including chief executive Eddie Yue, request pay freeze
UAE president replaces central bank governor
Veteran banker appointed shortly after central bank unveils large-scale emergency finance package
Norges Bank appoints new SWF chief
Nicolai Tangen will take the helm at the world’s largest sovereign wealth fund in early September
Finance minister nominated as Curaçao central bank governor
Central Bank of Curaçao and Sint Maarten has struggled to find permanent appointment since 2017