Paraguayan legislators are considering amending the central bank law to change provisions on bank secrecy, after clashing with the institution’s board of directors. Several legislative committees met on April 20 to consider the matter. The…
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“Quasi-fiscal policies” undertaken by the Bank of Mongolia (BoM) suffered from weak controls and may have conflicted with other parts of the central bank’s mandate, leading to large losses, a new report finds. Between 2012…
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The number of women working in central banks on average dropped slightly in 2019, according to the most recent data from the Central Banking Directory. Women currently make up 45% of employees at central banks…
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Chicago: The Federal Reserve Bank of Chicago announced on April 21 that its long-serving president, Charles Evans, would retire early next year. Evans has led the Chicago Fed since September 2007. Jerome Powell, Federal Reserve…
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Officials pondered the trade-offs between wholesale and retail central bank digital currencies (CBDC) in a panel during the International Monetary Fund Spring meetings. Overall, the participants welcomed the major progress in digital financial infrastructures over…
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The UK’s Financial Conduct Authority today (August 7) unveiled a global network of regulators that will collaborate on a joint fintech sandbox, among other roles. The Global Financial Innovation Network (GFIN) brings together 12 bodies,…
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The US is not the only country to create monetary policy spillovers via both macroeconomic and financial channels, research published by the Bank of England finds. Silvia Miranda-Agrippino and Tsvetelina Nenova say the world is…
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Researchers at the IMF have called for governments to adopt a more nuanced approach to tackling large stocks of public debt, warning of the dangers of “knee-jerk” fiscal consolidation in a staff discussion note published…
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The Central Bank of Brazil governor, Roberto Campos Neto, signalled over the weekend interest rates at 12.75% should be enough to bring inflation down to the target. The key Selic rate currently stands at 11.75%.…
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The Central Bank of Chile announced on April 18 that its board of directors had adopted a new code of conduct for its members. In its press release, the central bank said that the code…
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