Fiscal policy
How US demographics complicate the Fed’s job
Ageing population and pandemic legacy are confounding economists’ predictions
Who will replace Brainard at the Federal Reserve Board?
Another empty chair leaves another difficult choice for Joe Biden
Rates round-up: Philippines raises policy rate 50bp
Zambia increases amid poor inflation outlooks; Uruguay joins Latin American rate pause trend
It is time to rethink the balance of monetary and fiscal policy
Jagjit Chadha says the current moment calls for more subtle policy engineering than in past bouts of high inflation
Bolivian central bank offers preferential rate for dollars
Dwindling reserves drive new measures to obtain foreign exchange and gold for central bank
Biden to name Brainard to White House post this week – reports
Fed vice-chair would become leading economic adviser
Colombia’s Villar says tight policy necessary for future growth
Governor says inflation more stubborn than in neighbours, but will fall soon
Spain’s De Cos calls for greater ambition in EU fiscal reforms
Redesign of fiscal rules must be supported by wider reform of financial governance, governor says
Ghana plans to ‘securitise’ debt to central bank
Country struggling to restructure debts and secure IMF loan
Rates round-up: Zimbabwe cuts policy rate to 150%
Azerbaijan raises rates 25bp; Qatar bucks Gulf trend; and more
Barbados names new permanent governor
Former IMF economist will succeed Cleviston Haynes
Risk Management Benchmarks 2023 – executive summary
Key results from the 2023 benchmarks, including risk priorities, organisational structure and metrics
Brazilian president questions central bank autonomy
Lula reiterates objections to current inflation target after central bank holds rates
Pandemic fiscal support had rapid inflationary impact – NBER paper
Inflationary impact of support to consumers was “quick to ensue, but moderate”, authors find
Alwyn Jordan becomes Barbados central bank’s acting governor
Cleviston Haynes left central bank on January 31 as his term ended
Bolivia seeks reserves boost from retail bond sale
Unusual central bank operation “does not make much sense”, former governor says
Bank of Ghana adds 100bp as crises grind on
IMF reportedly wants end to central bank financing
Argentina and Brazil’s currency proposal met with scepticism
Experts say it is unclear whether governments want currency union or trade settlement mechanism
Brazilian ex-deputy governor says inflation target too low
Mandatory public spending means Brazil will have higher inflation than its peers
Pakistan raises rates 100bp amid reserves crisis
Reserves now only enough to cover about three weeks of imports
S&P worried about Israeli plans to use SWF funds, says report
Finance ministry says no bill has been prepared
Federal Reserve saw fall in profits in 2022
Central bank remitted $76 billion to US Treasury, but has been in red since September
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
Zambian central bank needs more safeguards, IMF says
Fund says central bank’s independence is still under threat despite reforms