The governor of the Central Bank of Barbados, Cleviston Haynes, was criticised for his assessment of the economy’s tourism sector by a government minister on February 14. Haynes said growth in the tourism sector had…
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The Central Bank of Barbados has closed its offices until April 16 following a volcanic eruption on the nearby island on St Vincent and the Grenadines. In a statement, the CBB announced “in-person” business operations…
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The Reserve Bank of New Zealand Christian Hawkesby will become deputy governor of the Reserve Bank of New Zealand from January 2022, the central bank announced on October 6. The RBNZ announced two days later…
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The Bank of the Lao PDR is partnering with Japanese blockchain provider Soramitsu to explore the potential of a central bank digital currency (CBDC). The study is set to begin as early as this month,…
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The Bank for International Settlements’ third innovation hub is to focus on the creation of digital identities and a platform to link central banks and regtech providers. The hub centre launched today (November 13) on…
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The Argentine peso declined sharply on October 2 after the Central Bank of Argentina introduced a more flexible exchange rate on October 1. But the spread between the peso’s official exchange rate against the US…
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The International Monetary Fund and the World Bank unveiled today (May 15) a programme designed to support countries that are in the process of developing debt management strategies. The system offers a methodology to optimise…
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Lael Brainard reiterated the Federal Open Market Committee’s belief that recent high inflation figures are a temporary phenomenon, in remarks on July 30. The Fed governor’s comments to the Aspen Economic Strategy Group follow the…
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The Federal Reserve announced on October 4 that it had asked its inspector-general to review certain controversial equities transactions by senior Fed officials. The statement comes a week after two regional Fed presidents stepped down…
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Profits aren’t the main objectives of a central bank, but a dependence on government to recapitalise the bank can pose a risk to a central bank’s independence. In turn, central bank independence exists in part…
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