The Americas
Inclusive growth must come after price stability, says Fed’s Jefferson
First speech as a governor re-emphasised hawkish Fed statements forecasting slow growth
Share of reserve managers investing in green and social bonds declines
Share of portfolios allocated to these assets grow modestly
Average central bank equity allocations at 11.9%
Despite higher volatility, high income central banks increase their investments in equities
Asset diversification and staff training main goals for external contracts
All non-high income central banks aim to offer training to staff, high income jurisdictions focused on diversification and market intelligence
Fed announces climate test for some large banks
US central bank will test six major banks but says results will not have capital consequences
Most central banks expect sanctions on Russia to have a long-term effect
Trend is weaker in Europe than in the Americas, Asia-Pacific and Africa
Over 90% of central banks trim duration as protection against inflation
Fewer institutions increased US Treasuries (18.75%), reduced exposure to unconventional assets (6.25%)
Regional Fed presidents signal resolve and acknowledge recession risks
Fed’s Collins, Mester, Bullard, Evans, Kashkari and Daly speak on the path ahead for policy
Central banks’ coverage ratio drops by 23%
Reserves buffers to cover monthly imports decline to 6.9 months
IDB fires president after accusations of abuse of power
External investigators claimed Claver-Carone had not co-operated with probe
Digital dollar could reduce unbanked in US by 93% – Dallas Fed paper
Inclusion need not come at the cost of disintermediation, researchers find
Staff salaries at reserves departments increased 17.6% from last year
Total staff numbers declined by 10% to 27
IDB president faces dismissal over alleged abuse of power
Claver-Carone attacks investigation and denies alleged affair
More central banks expand existing liquidity swap lines
More than 23% of participating countries gained access to IMF facilities over past year
Share of central banks screening ESG risks declines slightly
Central banks in Europe in top slot for including ESG criteria on their benchmarks
US CBDC research ‘could take years’, says Treasury
Report weighs design choices that could underpin digital dollar
Central banks divided on how Russia sanctions will hit reserve currencies
Non-European central banks more likely to expect a growing role for renminbi in reserves portfolios
Most central banks will not alter diversification due to high inflation
Over 63% of central banks do not plan changes, almost 27% are discussing modifications, and close to 10% have already implemented them or plan to do it
US needs tighter policy, former senior Fed adviser says
Higher rates will cause little damage to supply chains, David Wilcox argues
Boards remain key body in benchmarking approval
In almost 60% of central banks the board makes final decision, investment committee in 29%
More central banks engage in gold lending and swaps
Securities lending is more common among central banks from high income jurisdictions
Over 18% of central banks adopted new reserves assets last year
Middle income jurisdictions led the trend, 28.6% diversified their asset allocation
Fed’s QT will be more complex this time, official says
Overnight repurchase liabilities make up a larger portion of balance sheet than before
Emerging markets central banks maintain lead in portfolio tranching
European institutions are less likely to implement this strategy