-
4 weeks ago | 
centralbanking.com | Temple Asaju |Daniel Hinge
The Governance Benchmarks 2025 include additional data on the types of pressures on central bank independence, as well as legal protections for governors and more detail on capital frameworks. The model banks analysis breaks the data down further, separating central banks based on their economic group and size relative to the global median number of total staff. Several patterns stand out. On governors’ terms, a two-term limit is common worldwide, though most likely to be found in advanced
-
1 month ago | 
centralbanking.com | Temple Asaju |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
Tweet Facebook LinkedIn Save this article Send to Print this page International remittance flows are often a key source of investment in developing economies. Remittances also provide a metric for financial inclusion through payments. These attributes have led some major central banks and governments around the world to recognise promoting remittances as critical to their missions.
-
2 months ago | 
centralbanking.com | Joasia E. Popowicz |Temple Asaju
View a printable version of this report in PDF format‘Supervising security’ is the theme of this year’s Fintech Benchmarks, as central banks seek to fortify their own systems and local financial networks against cyber threats, amid widespread geoeconomic instability. Cyber security, supervisory technology (suptech) and central bank digital currency are respondents’ most prominent fields for research and collaboration. Central Banking found jurisdictions without a fintech strategy are more
-
Jan 30, 2025 | 
centralbanking.com | Levente Koroes |Temple Asaju |Daniel Hinge
Tweet Facebook LinkedIn Save this article Send to Print this page Central banks reached the “last mile” of inflation in 2024, cheering investors as they began easing monetary policy. But while rates may fall a little further, the external environment has become much tougher – 2025 is looking to be the year of volatility.
-
Dec 20, 2024 | 
centralbanking.com | Temple Asaju
When Mamo Mihretu, the governor of the National Bank of Ethiopia (NBE), spoke to Central Banking backin October, he hinted that the country’s banking proclamation bill would be ratified “within the next two months”. And so it has proved. On December 17, the legislation was passed by an overwhelming majority in the lower house of parliament. Prime minister Abiy Ahmed tabled the bill with a view to realising a host of measures that would complement his wider suite of economic reforms. Ethiopia’s
-
Dec 12, 2024 | 
centralbanking.com | Temple Asaju
View a printable version of this report in PDF formatThe past year has seen major reviews of central bank modelling frameworks, most famously the review into the Bank of England’s (BoE) forecasts by former Federal Reserve chair Ben Bernanke. The Czech National Bank (CNB) also carried out a significant review of its framework. In both cases, the reviews found the existing models wanting, and called for a range of improvements, to both model governance and design features. On governance, Bernanke
-
Nov 21, 2024 | 
centralbanking.com | Temple Asaju |Daniel Hinge
Tweet Facebook LinkedIn Save this article Send to Print this page In many respects, size seems to matter in currency management. The Currency Benchmarks 2024 model banks analysis shows larger central banks have more currency department staff. However, they also tend to serve larger populations.
-
Nov 14, 2024 | 
centralbanking.com | Aditya Kumar |Temple Asaju |Daniel Hinge
View a printable version of this report in PDF formatData from the Currency Benchmarks 2024 suggests consumers around the world are continuing to turn away from cash payments in favour of electronic alternatives. The average share of payments made in cash dipped this year, from 40.6% in 2023 to 36.2% in 2024. In a few jurisdictions, cash use is all but zero – others report cash payments are still the dominant mode. Overall, cash values and volumes are still on the rise, up 8.6% and 2%
-
Oct 10, 2024 | 
centralbanking.com | Temple Asaju |Daniel Hinge
With the publication of the Reserve Benchmarks 2024, Central Banking’s benchmarking service entered its fifth year. As the benchmarks continue to evolve, the model banks analysis this year is finer grained, differentiating between central banks by size as well as economic group. As the ‘key figures’ table below shows, the size distinction matters. In some respects, smaller advanced economy (AE) central banks have more in common with smaller emerging market economy (EME) central banks, than with
-
Oct 3, 2024 | 
centralbanking.com | Levente Koroes |Temple Asaju
Tweet Facebook LinkedIn Save this article Send to Print this page View a printable version of this report in PDF formatIn 2024, central banks have begun cutting interest rates from record highs and geopolitics is becoming more fragmented as the Russo-Ukrainian war continues. Reserve managers are tasked with rebalancing their portfolios to ensure a steady stream of income while ensuring that central assets remain safe.
