The leading candidate in Colombia’s upcoming presidential election has called for a reform of the management of the central bank to include representatives of “productive organisations”. Gustavo Petro, a former mayor of Bogotá, said on…
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The US Senate’s banking committee failed to hold a scheduled vote on five Federal Reserve nominees after Republican members refused to attend. Republican senators said they boycotted the hearing in protest at one of the…
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Adrian Orr confirmed today (February 8) that the Reserve Bank of New Zealand will soon begin work on a proof-of-concept central bank digital currency (CBDC). The RBNZ governor highlighted the important “public role” that central…
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Regulatory sandboxes are neither necessary nor sufficient for promoting financial inclusion, according to a new report published by the United Nations. Prepared by the UN secretary general’s special advocate for inclusive finance, the report says…
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Domestic and global financial cycles have a tendency to interact and amplify one another, with monetary policy tending to make the problem worse, Claudio Borio argued in recent remarks. The head of the Bank for…
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IMF researchers have waded into the controversial topic of the impact of public debt on economic growth, finding there is no universal threshold at which high public debt becomes a drag on growth, in a…
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The governor of Brazil’s central bank, Roberto Campos Neto, suggested that markets were growing calmer about the possible return of former president Luiz Inácio Lula da Silva to office. The governor’s comments came the same…
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The International Monetary Fund announced on February 4 that Jens Weidmann, former governor of the Deutsche Bundesbank, would lead a committee to examine the fund’s “institutional safeguards”. The evaluation is part of a wider review…
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The Reserve Bank of India has handed over a chunk of its capital to the government as a one-off payment, after an expert committee delivered its long-awaited report on how the central bank should share…
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The Bank of Canada reports that ongoing anti-vaccine protests in Ottawa have had no impact on its operations. A spokesperson for the Canadian central bank told Central Banking that the protest movement, mounted by truckers…
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