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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
Conakry, capital of Guinea The former governor of Guinea’s central bank was held in police custody for several days from February 4, news site Africa Guinée has reported. Africa Guinée said that police summoned Lounsény Nabé…
Read More