The International Monetary Fund has urged countries that receive low scores as part of the fund’s fiscal transparency evaluation (FTE) to open up their budget processes. In an article that focuses on the Middle East and central…
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Strong communication and openness from the central bank are key ingredients in a successful financial stability policy, Koba Gvenetadze said today (June 14). The National Bank of Georgia governor said transparency plays several roles –…
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A group of the UK’s financial regulators have outlined a series of policy measures to improve levels of diversity and inclusion in the financial sector. In a discussion paper published today (July 7), the regulators…
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The Bank for International Settlements is paying out an extra dividend to its 63 central bank shareholders this year, after the rapid market recovery in 2020 generated large profits. Net profits were SDR1.2 billion ($1.7…
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The South African Reserve Bank celebrated its hundredth anniversary today (June 30) in a virtual celebration attended by former governors and the heads of international organisations. “The Sarb is a solid institution that all South Africans…
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Iran’s outgoing president has promoted the central bank’s deputy governor to the top role, one month after dismissing his predecessor. Akbar Komijani will become the Central Bank of Iran’s governor after being approved by the…
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The Federal Reserve’s decision to issue a central bank digital currency (CBDC) should be made independent of what Chinese policy-makers do, an official from the St Louis Fed says. “I think China’s going to do…
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The Monetary Authority of Singapore has launched a new grant fund to help financial firms test new forms of technology before deploying it live. Under the regtech grant scheme, an extension of the central bank’s…
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Clint Eastwood, star of ‘The good, the bad and the ugly’ Financial markets are fixated on prospects for US inflation and Federal Reserve policy, and appropriately so. Rising interest rates may exacerbate already-elevated debt burdens…
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Covid-19 could act as a catalyst for a Janet Yellen-supported Fed move to adopt elements of price-level targeting. But questions remain about the timing of such a move by : Source link
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