Jamaica’s finance minister, Nigel Clarke, is set to become a deputy managing director of the International Monetary Fund (IMF). The institution’s managing director, Kristalina Georgieva, put Clarke’s name forward to the IMF’s executive board on…
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A report alleges that the Bank of Albania printed €30 million ($33.4 million) outright to purchase and renovate a new office in 2010. The report, by investigative news outlet Balkan Insight, references a leaked classified…
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Hungary’s central bank completes carbon capture programme – Central Banking End of drawer navigation content Skip to main content MNB expects 75% reduction in emissions by end of 2025 The Central Bank of Hungary (MNB)…
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People: July to September 2024 – Central Banking End of drawer navigation content Skip to main content A round-up of central bankers in the news and on the move during the past three months Martin…
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Central bank digital currencies (CBDCs) could contribute to financial instability, a Federal Reserve working paper finds. Francesca Carapella et al examine several ways CBDCs could create instability, and how central banks could mitigate this, in…
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People: Sri Lanka appoints two new deputy governors – Central Banking End of drawer navigation content Skip to main content Nithya Navaratnam named deputy head of BIS banking department The Central Bank of Sri Lanka…
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Introducing a central bank digital currency (CBDC) would accentuate the contractionary effects of monetary policy shocks, a study by the Bank of Canada has found. The authors – researchers Saroj Bhattarai, Mohammad Davoodalhosseini and Zhenning…
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Laos replaces central bank governor amid economic woes – Central Banking End of drawer navigation content Skip to main content Bounleua Sinxayvoravong steps down after two years at the helm Laos’ parliament removed Bounleua Sinxayvoravong…
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Kyrgyzstan opens public consultation on laws governing CBDC – Central Banking End of drawer navigation content Skip to main content Amendments to legislation affecting digital som are due to come into force in 2027 The…
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Gabriel Galípolo, monetary policy director at the Central Bank of Brazil (BCB), is likely to be appointed as governor in August, a Brazilian newspaper has said. Lauro Jardim, columnist for O Globo, wrote on Sunday…
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