Coronavirus
ECB ends liquidity relief measures for banks
Lenders have not used buffers and coverage ratios exceed minimum levels, data shows
BoJ ends some emergency measures
Central bank offers more funding for loans to small businesses, but halts some asset purchases
ECB to halt PEPP purchases but expand APP
Lagarde says rising inflation will be temporary, but says ECB needs flexible monetary policy
Bank of England raises policy rate
Tightening comes amid inflation surge and just after BoE completes asset purchases
Costa Rica raises rates for first time in three years
Central bank raises policy rate by 50 basis points as Latin America faces rising inflation
Norges Bank increases rates despite below-target inflation
Olsen warns of “considerable uncertainty” as MPC says policy could be loosened or tightened
Economics Benchmarks 2021 report – making sense of the modern economy
Covid-19 coloured central banks’ views on the governance of their economics function in the past year, from research topics to forecasting, data, publications and more
Hungary continues campaign of rate hikes
MNB ends asset purchase programme, as inflation rises above 7%
Trade credit helped amplify initial Covid-19 shock – BdF paper
Net borrowers of trade credit faced sharper liquidity squeeze, researchers find
IMF urges UK to withdraw ‘exceptional’ monetary policy
Fund says signals would dampen inflation expectations while leaving policy supportive
Armenia raises policy rate 50 basis points
Central bank tightens grip on credit with seventh rate hike in 12 months
BoE tightens countercyclical buffer as risks stabilise
Banks expected to meet higher rate without cutting lending, even as capital ratios dip
ECB’s de Guindos tests positive for Covid-19
Vice-president has “very mild” symptoms and has not been in “close contact” with Christine Lagarde
US inflation reaches new peak
CPI figure hits 6.8%, the highest rate in nearly four decades
Reserve Benchmarks 2021 – presentation
Central Banking’s reserve subject matter specialist Victor Mendez-Barreira speaks with Chris Jeffery about liquidity, reserves coverage, external partners, human and tech resources, and ESG implementation
Polish central bank hikes rates again
NBP says it will continue to act to push inflation back to target
Peruvian central bank orders fifth consecutive rate hike
Board says it may not implement further hikes and above-target inflation is “transitory”
Labour market changes key to inflation – BIS’s Shin
Central banks may face “race against time” to prevent wage-price spiral, says Hyun Song Shin
Brazilian MPC tightens rates again despite sluggish growth
MPC “foresees another adjustment of the same magnitude” at next meeting
New Zealand banks well positioned to face new Covid shock, says RBNZ
Central bank carried out both solvency and liquidity stress tests in 2021 exercises
Pandemic spurred use of alternative data
Advanced and emerging market economies prioritise different applications
Currency Benchmarks 2021 report – executive summary
Perspectives on staffing, circulation, forecasting, note security and composition, outsourcing and more
BIS calls for systemic approach to non-banks
“It is essential to reduce the need for emergency central bank support,” says report
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another