Articles by Victor Mendez-Barreira
Reserve Benchmarks 2022 – presentation
Reserves specialist Victor Mendez-Barreira speaks about staffing and salaries, the inflation challenge, Bank of Russia sanctions, green investments, asset diversification, and reserve levels and liquidity lines
The ECB’s collateral conundrum
A lack of high-quality collateral in the eurozone has resulted in money market rates lagging ECB policy rates
Chile’s Costa on tackling inflation, forex interventions and nowcasting
Chilean governor discusses stubbornly high prices, Fed spillovers, reserve buffers, retail CBDC and unconscious bias
Riksbank slows down normalisation with 75bp rise
Ingves chairs last policy decision as Riksbank predicts higher inflation and lower growth
Eurozone banks’ TLTRO repayments are below market expectations
Slow pace of repayments may hamper ECB policy normalisation, some analysts say
ECB’s policy rate should reach 2% in December, Villeroy de Galhau says
Banque de France governor says “jumbo” rate hikes “will not become a new habit”
ECB warns array of risks threatens financial system
Luis de Guindos calls on governments to avoid fiscal policies running against tighter monetary policy
Peru continues gradual policy tightening
Central bank hikes rates by 25bp and forecasts inflation will reach target level by mid-2023
Bank of Mexico takes rates to 10%
Banxico board follows Fed again, but hints tightening cycle may slow down
ECB eases securities lending limits to address collateral shortage
Governing council aims to provide “backstop for the euro area repo markets”
Riksbank calls for housing and tax reforms to reduce financial risks
Financial system faces risks from highly indebted households and real estate firms, report says
Lagarde says ECB may need to tighten above neutral rate
ECB president confirms central bank will announce QT plans in December
Central banks’ gold demand hits record level
Purchases in 2022 reach 673 tonnes, higher than in any full year since 1967
Norges Bank raises rates again
Norwegian central bank governor says MPC might continue to slow pace of increases
ECB sets 2024 climate change deadline for big eurozone banks
Most ECB-supervised banks failing to implement climate change plans, Elderson says
Colombian central bank increases rates to 11%
Food inflation and demand are stronger than in other Latin American countries, governor says
Brazil’s central bank holds rates and warns of fiscal problems
BCB leaves Selic rate at 13.75%, stressing lower inflation is partly due to subsidies
ERM’s 1992 crisis offers lessons for today, academics say
Barry Eichengreen, Maurice Obstfeld and Richard Portes discussed “accident waiting to happen”
ECB increases rates by 75bp for second consecutive time
Governing council tightens TLTRO III rates and lowers reserve remuneration
Credit is tightening for eurozone firms and households, says ECB
Loan demand from firms increased but fell from households, survey finds
SNB withdraws record sum from Fed’s swap line
Swiss central bank taps $11 billion but reasons for its operations are unclear
Is the ECB taking the right policy path?
Analysts ponder whether sharp rate increases and quantitative tightening alone will serve to bring inflation back to target
Norges Bank does not expect wage-price spiral, governor says
Wage moderation allows central bank to strike balance between inflation and employment
DNB advises pension funds to boost liquidity – report
Following UK crisis, Dutch central bank asks funds to monitor stress signals and review liquidity rules