The Bank of Canada announced a 0.5 per cent interest rate increase on April 13, 2022, in a move to quell Canada’s high inflation.
THE CANADIAN PRESS/Sean Kilpatrick
Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
The gold standard didn’t exactly lead to a golden era.
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While Trump’s nominee to join the Fed favors returning to the gold standard, an economist explains why the US and the rest of the world abandoned it in the first place.
Central banks are expected to act without fear or favour. But to deal with climate change, they may have to encourage financial institutions to favour certain types of activities over others.
The Central Bank of Kenya has financial inclusion in its stewardship of the financial system.
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A human rights approach offers central banks a new tool for understanding the true costs and benefits of their operations.
South African President Cyril Ramaphosa, left, introduces the country’s new Finance Minister, Tito Mboweni, in Cape Town.
Phando Jikelo/African News Agency(ANA)
President Trump has been attacking the Fed’s current policy of slowly raising interest rates. A former central bank official explains why that’s so troubling.
Sweden is studying the possibility of an “e-krona”, an electronic form of the country’s currency.
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With countries such as China and Sweden are studying plans to create a new form of money – a central-bank digital currency. CBDCs risk revolutionizing both the way money is created and distributed.
Yi Gang will take over the leadership of China’s central bank from Zhou Xiaochuan, who had been in the position since 2002.
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As the governor of China’s central bank oversees the stability of the world’s second largest economy, this leadership change is one the global economy is watching closely.
New Zealand Jacinda Ardern wants the RBNZ to focus on employment.
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New Zealand’s new government wants the central bank to focus on maximising employment. But experience from other countries shows this is unlikely to change policy.
This man may soon be the world’s ‘second-most-powerful person.’
AP Photo/Andrew Harnik
The chair of the Federal Reserve is often considered the world’s ‘second-most-powerful person.’ So who is Jerome Powell and why does it matter that he may soon head the Fed?
Should the Reserve Bank of Australia better represent the poor?
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A new report suggests the board of the Reserve Bank of Australia should income a “representative of the poor”. This is a proposal worthy of consideration.
South Africa has been rocked by a legal battle between the country’s Public Protector and Reserve Bank.
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Randal Quarles, the president’s first nominee to the Federal Reserve’s board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
Stable food prices are a central issue for South Africa’s Reserve Bank. But should it be doing more to protect the poor?
Reuters/Siphiwe Sibeko
There’s a raging debate in South Africa about the role of its central bank. This is inevitable given that so much is changing in the world of central banking and in economic life.
Public Protector Busisiwe Mkhwebane has lit a grass fire in South Africa’s financial circles.
Reuters/Mike Hutchings
South Africa’s Public Protector, Busisiwe Mkhwebane has touched on two highly contentious issues: the unresolved bailout for a local bank three decades ago. And the role of the country’s Reserve Bank.
Fed Chair Janet Yellen speaks at a press conference following the rate-hike decision.
AP Photo/Susan Walsh
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it’s fairly confident the economic recovery will continue. Is it overconfident?