The Central Bank of Brazil (BCB) revealed new details of its central bank digital currency (CBDC) project on August 15. Drex, as the currency is called, is being developed on a distributed ledger technology platform…
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An overwhelming majority of central banks’ communications teams operate mostly in “centralised mode”, data from the Communications Benchmarks 2023 shows. Of 40 central banks that responded to the question, 31 (77.5%) said their communications team…
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On August 7, David Bholat suggested that it was ‘Time to pay policy-makers based on their performance’. Like all good economists, Bholat has been keen to adjust incentives so that those involved are encouraged to…
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The Central Bank of Brazil (BCB) revealed its new digital currency is called Drex, as it moves closer to a live launch, set for late 2024. In a statement on August 10, the BCB said…
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Central banks in advanced economies (AEs) tend to assign separate teams to handle internal and external communications, data from the Communications Benchmarks 2023 shows. Sixty-three per cent of AE respondents said they have separate teams…
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A leading opposition politician in Ghana has threatened to march on the central bank if governor Ernest Addison does not resign. The demand followed the Bank of Ghana’s publication of its 2022 financial statements, which…
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Ghana’s central bank has clarified its current financial position following a Reuters report saying the Ghanaian government “has written off” half of its debt to the central bank. The central bank reported a 60.8 billion…
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In April, the Bank of England’s chief economist and member of the monetary policy committee (MPC) Huw Pill provoked anger when he said workers needed to accept reductions in real income. More recently, the central…
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Central Bank of the Philippines The governor of the Central Bank of the Philippines (BSP) said it would be “dangerous” to cut interest rates more quickly than the US Federal Reserve, warning that this might…
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Beginning August 21, Jeffrey Schmid will be the president and chief executive of the Federal Reserve Bank of Kansas City. The appointment ends a lengthy search process, as former president Esther George retired on January…
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