The increasing efficiency of global financial transactions due to new forms of fintech may mean there is a stronger case for using capital controls, the International Monetary Fund said on May 10. IMF managing director…
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Central Bank of Argentina After a New York judge blocked Citigroup from distributing interest payments on Argentina’s sovereign debt last week, the central bank is looking for other international banks to aid the country’s return…
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Central banks communicate more via social media, such as Twitter, YouTube, Facebook, LinkedIn and Instagram, than they do via traditional channels, according to Communications Benchmarks 2022 data. Central banks use social media channels on average…
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Ballooning budget deficits and mounting fiscal debt exacerbated by the Covid-19 pandemic is putting central banks under pressure to monetise government debt – in one form or another. The South African Reserve Bank (Sarb) became…
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The Bank of Canada has become one of the only central banks to release its staff projections, which are now published on a digital database launched on November 1. The database holds over 30 years…
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The Bank of England is able to produce “outstanding” research and analysis, but issues remain in the ways that research projects and staff are governed, an independent review finds. “Our evaluation has found good evidence that…
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The lower house of the Polish parliament confirmed Adam Glapiński to a second six-year term as central bank governor on May 12. Glapiński won narrowly after his candidacy faced sharp criticism in the chamber, with…
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The Central Bank of Chile (BCCH) said it will step up its research into a central bank digital currency (CBDC) in its first report on the subject. The BCCH says it can see fewer problems…
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If one were to imagine the ideal financial supervision system of the future, it would probably look very different from what we have today. Financial institutions would report details of transactions to a central utility,…
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Both of the main components of long-term interest rates matter for monetary policy spillovers, but the effects differ between advanced and emerging economies, a Bank for International Settlements working paper finds. Aaron Mehrotra, Richhild Moessner…
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