UK: The UK government has promoted Sarah Breeden to deputy governor for financial stability at the Bank of England. She will replace Jon Cunliffe on November 1, when his term ends. Breeden is currently executive…
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A UK central bank digital currency (CBDC) could support innovation, but the Bank of England should be wary of giving some firms too much market power, a new study says. The report, by BoE digital…
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Monetary policy-makers used to believe they should say as little as possible. But, since the 1990s, a shift in thinking took place as many central banks worldwide moved towards adopting inflation-targeting regimes. Managing people’s expectations…
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Former US president Donald Trump said he would not nominate Federal Reserve chair Jerome Powell to a third term. “I thought he was always late, whether it was good or bad, but he was always…
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Issuing a retail central bank digital currency (CBDC) is likely to have a “negligible” impact on the macroeconomy, new research finds. In the working paper, economists with the Central Bank of Colombia explore possible design…
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It is common for central banks’ communication teams to outsource some of their tasks to external providers, data from the Communications Benchmarks 2023 shows. And this practice tends to be more prevalent in central banks…
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Egyptian president Abdel Fattah al-Sisi named Hassan Abdallah to a second one-year term as acting governor of the central bank on August 17, according to media reports citing the official gazette. Sisi appointed Abdallah as…
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The Central Bank of Brazil (BCB) revealed new details of its central bank digital currency (CBDC) project on August 15. Drex, as the currency is called, is being developed on a distributed ledger technology platform…
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An overwhelming majority of central banks’ communications teams operate mostly in “centralised mode”, data from the Communications Benchmarks 2023 shows. Of 40 central banks that responded to the question, 31 (77.5%) said their communications team…
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On August 7, David Bholat suggested that it was ‘Time to pay policy-makers based on their performance’. Like all good economists, Bholat has been keen to adjust incentives so that those involved are encouraged to…
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