Central banks

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• Canonical URL: Central banks
• Part of: IMF Blogs
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Contents

• Rethinking Central Bank Communication in an Uncertain World
  • Published: August 26, 2026
  • Authors: Tobias Adrian
  • Summary: In a world of frequent shocks, central bank communications should anchor expectations by explaining how policy responds to changing conditions, rather than committing to a fixed path
• Stress Tests Can Help Determine How Much Capital Central Banks Need
  • Published: September 19, 2025
  • Authors: Romain Veyrune
  • Summary: Assessments can help clarify the appropriate capitalization to best ensure a sound institutional financial position
• Central Bank Digital Currencies Can Boost Middle East's Financial Inclusion, Payment Efficiency
  • Published: June 18, 2024
  • Authors: Serpil Bouza, Marcello Miccoli, Borislava Mircheva
  • Summary: 19 countries in the Middle East and Central Asia are exploring issuing a CBDC
• Strengthen Central Bank Independence to Protect the World Economy
  • Published: March 21, 2024
  • Authors: Kristalina Georgieva
  • Summary: Independence is critical to winning the fight against inflation and achieving stable long-term economic growth, but policymakers risk facing pressure amid a wave of elections this year
• Higher Interest Rates Testing Banks in Middle East, North Africa, and Pakistan
  • Published: December 14, 2023
  • Authors: Thomas Kroen, Troy Matheson, Thomas Piontek
  • Summary: Some lenders in the region may be vulnerable to a combination of higher interest rates, corporate sector stress, and liquidity pressures
• Central Banks Must Enhance Transparency to Build Trust
  • Published: March 23, 2023
  • Authors: Tobias Adrian, Jihad Alwazir, Ashraf Khan, Dmytro Solohub
  • Summary: New tool offers a chance to improve transparency and safeguard independence
• Looser Financial Conditions Pose Conundrum for Central Banks
  • Published: February 2, 2023
  • Authors: Tobias Adrian, Christopher Erceg, Fabio Natalucci
  • Summary: 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
  • Published: August 10, 2022
  • Authors: Tobias Adrian, Fabio Natalucci
  • Summary: 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
  • Published: August 1, 2022
  • Authors: Tobias Adrian, Christopher Erceg, Fabio Natalucci
  • Summary: 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
  • Published: January 5, 2022
  • Authors: Tobias Adrian, Christopher Erceg, Simon Gray, Ratna Sahay
  • Summary: 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
  • Published: November 25, 2019
  • Authors: Tobias Adrian, Ashraf Khan
  • Summary: 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.”
• Five Actions to Strengthen the Euro Area Banking Union
  • Published: December 14, 2018
  • Authors: Atilla Arda, Daniel Hardy, Maike B. Luedersen
• Chart of the Week: Words Count for Central Bank Communications in Latin America
  • Published: October 15, 2018
  • Authors: Juan Yepez
• Are Banks Too Large? Maybe, Maybe Not
  • Published: May 14, 2014
  • Authors: Luc Laeven, Lev Ratnovski, Hui Tong

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Source: https://www.imf.org/en/blogs/topics/central%20banks