Asian emerging market economies (EMEs) have deployed a wide range of tools to insulate themselves against volatile capital flows, with monetary policy particularly stretched, analysis by the International Monetary Fund finds. Reflecting a growing recognition…
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The Central Bank of Argentina The Central Bank of Argentina will not have to pay the country’s creditors from its reserves, a US court ruled on August 31, in the latest development of a saga…
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Bank of England governor Andrew Bailey sought to clarify his position on workers demanding higher wages today (February 23), after earlier comments he made were widely criticised. Firms need to limit the extent of their…
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A Lebanese judge said that local security forces prevented her from interviewing the country’s central bank governor about alleged financial crimes. Ghada Aoun said that she attempted to speak to Riad Salameh at the central…
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One of the IMF’s Washington, DC, offices The International Monetary Fund unveiled its latest budget on April 22, with the executive board having approved no change in real terms for the eighth year in a…
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The leading candidate in Colombia’s upcoming presidential election has called for a reform of the management of the central bank to include representatives of “productive organisations”. Gustavo Petro, a former mayor of Bogotá, said on…
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The US Senate’s banking committee failed to hold a scheduled vote on five Federal Reserve nominees after Republican members refused to attend. Republican senators said they boycotted the hearing in protest at one of the…
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Adrian Orr confirmed today (February 8) that the Reserve Bank of New Zealand will soon begin work on a proof-of-concept central bank digital currency (CBDC). The RBNZ governor highlighted the important “public role” that central…
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Regulatory sandboxes are neither necessary nor sufficient for promoting financial inclusion, according to a new report published by the United Nations. Prepared by the UN secretary general’s special advocate for inclusive finance, the report says…
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Domestic and global financial cycles have a tendency to interact and amplify one another, with monetary policy tending to make the problem worse, Claudio Borio argued in recent remarks. The head of the Bank for…
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