The Central Bank of Brazil (BCB) revealed its new digital currency is called Drex, as it moves closer to a live launch, set for late 2024. In a statement on August 10, the BCB said…
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Central banks in advanced economies (AEs) tend to assign separate teams to handle internal and external communications, data from the Communications Benchmarks 2023 shows. Sixty-three per cent of AE respondents said they have separate teams…
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A leading opposition politician in Ghana has threatened to march on the central bank if governor Ernest Addison does not resign. The demand followed the Bank of Ghana’s publication of its 2022 financial statements, which…
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Ghana’s central bank has clarified its current financial position following a Reuters report saying the Ghanaian government “has written off” half of its debt to the central bank. The central bank reported a 60.8 billion…
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In April, the Bank of England’s chief economist and member of the monetary policy committee (MPC) Huw Pill provoked anger when he said workers needed to accept reductions in real income. More recently, the central…
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Central Bank of the Philippines The governor of the Central Bank of the Philippines (BSP) said it would be “dangerous” to cut interest rates more quickly than the US Federal Reserve, warning that this might…
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Beginning August 21, Jeffrey Schmid will be the president and chief executive of the Federal Reserve Bank of Kansas City. The appointment ends a lengthy search process, as former president Esther George retired on January…
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US Republican presidential candidate Ron DeSantis attacked Federal Reserve monetary policy, suggesting he would replace chair Jerome Powell. “We need to rein in the Federal Reserve,” DeSantis said in a July 31 economic policy speech…
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Bank of England chief economist Huw Pill said people in the UK must “accept that they’re worse off” and stop trying to shift the burden of inflation to other parts of the economy. Pill was…
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When sanctions are imposed by governments and national authorities on institutions and individuals in their jurisdictions, including bans and limits, the consequences are not always as anticipated. In the case of financial sanctions imposed on…
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