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People: New governor in Sierra Leone

People: New governor in Sierra Leone

Sierra Leone: Ibrahim Stevens has become governor of the Bank of Sierra Leone, according to government and media sources. Stevens has been first deputy governor since July 2014. Stevens succeeds Kelfala Kallon, who had been…

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SNB to launch live wCBDC pilot in December

SNB to launch live wCBDC pilot in December

The Swiss National Bank will launch its live wholesale central bank digital currency (wCBDC) pilot on December 1, it announced on November 2.  Six banks – Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, Hypothekarbank Lenzburg, UBS…

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‘Conceptual complexity’ has risen in BoE publications, research finds

‘Conceptual complexity’ has risen in BoE publications, research finds

The Bank of England has succeeded in cutting the “semantic complexity” of its communications but a second important measure, “conceptual complexity”, has actually risen, new research finds. Economists Michael McMahon and Matthew Naylor note central…

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Cipollone joins ECB board – Central Banking

Cipollone joins ECB board – Central Banking

The European Central Bank Piero Cipollone took office as a member of the European Central Bank’s six-member executive board on November 1. He succeeds Fabio Panetta, who resigned from the ECB board to become governor…

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Bénédicte Nolens on the latest mBridge developments

Bénédicte Nolens on the latest mBridge developments

The Bank for International Settlements has published a new update on the mBridge cross-border wholesale central bank digital currency (CBDC) project today (October 31). Bénédicte Nolens, head of the Hong Kong Innovation Hub Centre, spoke…

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People: South Africa deputy governor plans to resign

People: South Africa deputy governor plans to resign

Sarb deputy governor Kuben Naidoo South Africa: South African Reserve Bank (Sarb) deputy governor Kuben Naidoo is resigning, according to media reports. Bloomberg reported on October 23 that Naidoo had submitted his resignation to president…

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Riksbank’s Flodén says inflationary pressures are too high

Riksbank’s Flodén says inflationary pressures are too high

Inflationary pressures in Sweden remain too high, Sveriges Riksbank deputy governor Martin Flodén said in a speech today (October 19). Last month, the consumer price index with fixed interest rate (CPIF) increased year on year…

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Riksbank needs a capital injection, says governor

Riksbank needs a capital injection, says governor

Sveriges Riksbank needs a capital injection to comply with the central bank’s law, governor Erik Thedéen told the Swedish parliament on October 24. In 2022 the central bank recorded a loss of over Skr80 billion…

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Botswana president appoints new governor

Botswana president appoints new governor

The president of Botswana, Mokgweetsi Masisi, appointed Cornelius Dekop governor of the Bank of Botswana on October 23. He succeeds Moses Pelaelo, who has served as governor since October 2016. The official statement did not…

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Colombia’s Acosta says early cuts ‘a big risk’

Colombia’s Acosta says early cuts ‘a big risk’

The newest member of the board of Colombia’s central bank has warned against lowering rates too soon, putting her at odds with the president who appointed her. “There’s a big risk in easing early then…

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