Venezuela isn’t the place to be if you enjoy peace and calm. With daily protests against a government many view as a dictatorship keeping the military on the streets fulltime, and economic metrics such as soaring inflation sending prices through the roof, this oil-rich nation’s central bank has become a master of juggling the few resources it does have to stay afloat.
In determining the course of monetary policy, central bankers are ultimately concerned with fostering stable inflation and promoting economic prosperity. But monetary policy mainly affects the broader economy by influencing longer-term interest rates, exchange rates and prices of financial assets.
Newly elected Nigerian President Muhammadu Buhari, who incorporated staunch anti-corruption promises in his election campaign, is faced with an evolving corruption scandal involving senior officials of the Central Bank of Nigeria as well as a number of Nigerian commercial bank managers.
The Reserve Bank of New Zealand (RBNZ), concerned about the country’s booming rental-investment market and the potential impact of bad loans on domestic lenders, is planning to establish a new asset subclass for residential-property-investment mortgage loans.
Three former heads of the Brazilian central bank, Gustavo Franco, Arminio Fraga and Henrique Meirelles have been critical of the economic policies of The current President Dilma Rousseff. At a conference in Rio the three bankers, who ran the central bank for 13 consecutive years between them, pulled no punches in their criticism of the current administration.
As far as emerging markets go, the BRIC nations of Brazil, Russia, India and China would all appear to be losing steam