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Communications departments get involved in key policy decisions at varying stages

Communications departments get involved in key policy decisions at varying stages

There is wide variation over when central banks’ communications departments get involved in key policy decisions, data from Communications Benchmarks 2023 shows. Sixteen out of 39 respondents (41%) said they are involved “after policy decisions…

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Fed inspector says FOMC should look at extending trading rules

Fed inspector says FOMC should look at extending trading rules

The US Federal Reserve’s Eccles Building The Federal Reserve’s internal watchdog said in a new report that the code regulating equities trading may not cover enough officials. The report, by the Fed’s Office of Inspector…

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Olli Rehn selected as ESRB’s first vice-chair

Olli Rehn selected as ESRB’s first vice-chair

Bank of Finland governor Olli Rehn has been selected as first vice-chair of the European Systemic Risk Board (ESRB), the institution said today (April 11). Members of the ESRB’s general board voted to appoint him…

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China to trial paying salaries using CBDC

China to trial paying salaries using CBDC

China is planning to pay public sector workers in the city of Changshu using its central bank digital currency (CBDC) from May, according to documents posted on government websites. Government employees as well as staff…

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Email, events and seminars top tools for internal communication

Email, events and seminars top tools for internal communication

For the third year in a row, email is the most popular tool for internal communication among central banks, data from the Communications Benchmarks 2023 shows. All the 40 central banks that took part in…

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Chile governor warns committee against adding mandates

Chile governor warns committee against adding mandates

Rosanna Costa, Central Bank of Chile The governor of the Central Bank of Chile warned a constitutional drafting committee that a full employment mandate could conflict with price stability. Rosanna Costa appeared on April 25…

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People: BIS appoints deputy head of MED

People: BIS appoints deputy head of MED

Basel: The Bank for International Settlements has appointed Gaston Gelos as the new deputy head of its monetary and economic department (MED), for a five-year term. He will also be head of financial stability policy.…

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Digital euro could be available via bank apps, ECB says

Digital euro could be available via bank apps, ECB says

The European Central Bank’s governing council has approved the third set of design options for the digital euro. The model, released on April 24, would make the central bank digital currency accessible through existing banking…

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EMEs now coping better with financial market stress – BIS paper

EMEs now coping better with financial market stress – BIS paper

Bank for International Settlements, Basel Emerging market economies (EMEs) avoided full-blown crises during the recent global tightening cycle and bank failures despite liquidity strains, Bank for International Settlements research finds. The paper compares stresses in…

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Email and social media most common two-way channels

Email and social media most common two-way channels

Central banks’ communication teams typically use a mix of two-way channels to interact with the public, with email and social media being the top two most common tools. In the Communications Benchmarks 2023, 95% of…

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