Coronavirus
Eurozone officials call for major fiscal changes
Stability and Growth Pact is hampering policy, speakers at ECB conference argue
Quarles says Congress should rein in Fed funding
Former vice-chair for supervision calls for new body to wind down liquidity programmes
Covid-19 causes bigger growth forecast errors
But central banks perform better at forecasting inflation
Eurozone unemployment declines to 7.3%
Youth unemployment rate also falls but is much higher at 15.9%
Suptech use expanded during pandemic, says BIS report
Survey of regulators finds authorities’ leadership support is vital for suptech development
How Turkey’s president created chaos in economic policy-making
Observers allege presidential domination of the central bank, unauthorised FX transactions and untrustworthy statistics
Powell: FOMC may accelerate taper
Fed will no longer refer to inflation as “transitory”
Eurozone inflation hits record high of 4.9%
ECB expected to clarify the future of its stimulus programme on December 16
IMF mission worried about Mongolian central bank
Bank of Mongolia’s operational independence has been compromised, says fund
Kyrgyzstan raises rates again after lull
Central bank orders 50bp hike amid double-digit inflation
Bank of Tanzania ‘working on CBDC’, governor says
Luoga says “cryptocurrencies are not safe” and president has urged work on CBDC
Bank of Korea raises rates again as inflation climbs
Governor Lee Ju-yeol says he will not rule out another hike in the first quarter of 2022
Dominican Republic’s central bank raises interest rates
Central bank forecasts inflation will reach target by mid-2022 after “gradual” decline
Mexican president withdraws nomination of new governor
López Obrador had chosen former finance minister to lead Bank of Mexico from January 1
IMF renews Mexico’s Flexible Credit Line
Two-year programme reduces funds from about $61 billion to $50 billion
Paraguay continues tightening with second 125bp hike
Inflation rises far above 4% target, reaching 7.6% in October
Podcast: Central banks and cloud adoption
The Covid-19 pandemic has forced central banks to think differently about cloud-hosted services
Biden re-nominates Powell as Fed chair
Lael Brainard nominated as vice-chair, to take over from Richard Clarida
Final frontier? Japan after the Kuroda experiment
The Bank of Japan has pushed monetary easing close to its limit, yet inflation is barely above zero. What happens now?
Lagarde says ECB policy is likely to stay loose in 2022
ECB president says eurozone must not “rush into a premature tightening”
Iceland hikes policy rate again
Central bank orders 50 basis-point rise amid inflationary pressures
Sarb raises rates for first time in 17 months
MPC splits three to two on vote to increase rates
OECD’s total GDP surpasses pre-pandemic level
Organisation says many countries’ GDP still lags behind, and growth is now slowing
ESG for central banking focus report 2021
The report flags challenges for central banks themselves – as guardians of the financial system, they have a duty to lead by example. But the lack of liquidity within ESG-compliant assets is proving a problem for many