Communication
Brazil board united on continuing easing with 50bp cuts
Deputy governor says “there is no predefined target for Selic” rate
Latest ECB rate hike was a ‘close call’, say minutes
A group of officials argued incoming data did not support higher rates
Federal Reserve Board joins Instagram and Threads
Move to social media platforms follows those by regional Feds and other central banks
Ex-governor issues stern warnings about planned RBA revamp
Debate over proposed changes to RBA’s board structure escalates
Joachim Nagel on the ECB’s terminal rate, fiscal policy, model relevance and the digital euro
The Deutsche Bundesbank president speaks about compromise on the Governing Council, rolling back PEPP, the need to implement Basel III and the chances of a revised Stability and Growth Pact
BoJ leaders divided on wage growth and timing of tightening
July minutes show disagreement over when firms will raise wages
Colombian policy-makers clash over rates
Finance minister wants “very small” rate cut, but central bank board member disagrees
BIS paper highlights powerful information effects during SVB run
Hearing about SVB made people more likely to run, but good communications helped stem the tide
Jackson Hole in the wake of policy rules
Symposium heralds a shift to relying on incoming data and judgement, rather than rules or even formal models, to hit inflation targets, writes Barry Eichengreen
Central bank communicators at a time of transparency
Specialists discuss the evolving roles of comms staff in the policy-making process
Supervisory soft skills: working in a consensus-driven environment
New studies highlight the importance of supervisors being able to say ‘no’ – and persuade banks to act accordingly, writes Manoj Singh
Cash for a very rainy, tremorous or lava-filled day
Are central banks well-positioned to keep cash flowing during natural disasters?
Brazilian central bank denies censoring board members
Dispute highlights possible political divisions as president Lula appoints officials
Monetary Policy Benchmarks 2023 report – navigating uncertainty
Benchmark data highlights ongoing evolution in policy frameworks as central banks move beyond the pandemic – and into the high-inflation period
ECCB launches new website
Updated site accompanies “virtual museum” on Eastern Caribbean Central Bank
Advanced economies more likely to publish minutes
Average central bank publishes minutes around two weeks after a policy decision
Book notes: O Governador, by Luis Rosa
Documents Carlos Costa’s clashes with Portugal’s elite during the eurozone sovereign debt and banking crisis
Senad Softić on governance, currency boards and EU convergence challenges
Central Bank of Bosnia and Herzegovina governor speaks about improving governance in a political vacuum, managing a currency board amid rip-sawing euro rates, resolving Gazprom’s local units, modernising payments and meeting EU convergence criteria
Should the ECB disclose governing council members’ votes?
Some former officials argue it would reduce leaks and conflicting statements, while other stress the current system allows better policy debates
RBA to have fewer but longer monetary policy meetings
Central bank moves to overhaul governance after major review
Proportion of central banks observing blackout period rises
AE respondents remain much more likely to employ the practice
Monetary policy press conferences held four times a year on average
Minority of central banks say they organise zero press conferences
Mexican MPC members determined to hold rates
All five governing board members agree it is necessary to avoid rate cuts to tame inflation
Ukraine’s governor on central banking in wartime
Andriy Pyshnyy talks about macroeconomic stability, running banks under missile attack, winning IMF aid and post-war reconstruction plans