Topics

Central Banks Must Enhance Transparency to Build Trust

March 23, 2023

Tobias Adrian, Jihad Alwazir, Ashraf Khan, Dmytro Solohub

New tool offers a chance to improve transparency and safeguard independence

Looser Financial Conditions Pose Conundrum for Central Banks

February 2, 2023

Tobias Adrian, Christopher Erceg, Fabio Natalucci

Despite sharp monetary policy tightening, financial conditions have eased around much of the globe, posing a challenge for central banks

Central Banks Hike Interest Rates in Sync to Tame Inflation Pressures

August 10, 2022

Tobias Adrian, Fabio Natalucci

During the pandemic, central banks in both advanced and emerging market economies took unprecedented measures to ease financial conditions and support the economic recovery, including interest-rate cuts and asset purchases.

Soaring Inflation Puts Central Banks on a Difficult Journey

August 1, 2022

Tobias Adrian, Christopher Erceg, Fabio Natalucci

Upside risks to the inflation outlook remain large, and more aggressive tightening may be needed if these risks materialize.

Emerging-Market Central Bank Asset Purchases Can Be Effective but Carry Risks

January 5, 2022

Tobias Adrian, Christopher Erceg, Simon Gray, Ratna Sahay

Asset purchases can be an effective tool, but it is critical to minimize risks to central bank independence and price stability.

Central Bank Accountability, Independence, and Transparency

November 25, 2019

Tobias Adrian, Ashraf Khan

In August 1694, the Bank of England opened for business with a staff of 19. The original Royal Charter, granted by King William and Queen Mary, tasked the Bank to “promote the public Good and Benefit of our People.”

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