Reserves
Central banks turn to factor investing for reserve management
Lack of capabilities may hamper effective use of factor analysis, officials say
Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism
How Singapore manages its reserves
MAS’s Menon explains use of customised fixed income benchmarks and factor-based models
Central Banking’s ‘Leaders’ for custody, banking and gold
Reserve managers reveal their top counterparties
Capital outflows further reduce Turkey’s reserves in March
Current account deficit falls, but the economy’s weak external position remains unchanged
Israeli reserves rise on higher equity prices in April
Portfolio increased in value by $524 million to $118.7 billion, which represents 32.2% of GDP
Central banks prove eager investors in AIIB debut
Official sector snaps up two-thirds of AIIB’s inaugural bond issuance
Time for resilience
Events that impact markets have made it crucial to build resilient portfolios that are aware of downside risks. BlackRock‘s Isabelle Mateos y Lago, Michael Palframan and Crystal Wan explore the importance of protection in downturn scenarios for reserve…
Central bank gold buying hits new high
Official reserve managers bought 145.5 tonnes last quarter, a 68% increase from Q1 2018
Argentina abandons free float as peso crisis continues
Central bank says it will now intervene, even within “non-intervention” band
Reserve managers flag US-China trade war as main risk in 2019
Fed’s looser policy, ESG adoption and growing asset diversification are shaping the sector
Bank of Jamaica should reduce forex ‘footprint’ – IMF
“Further rate cuts” also necessary, the fund says
US imposes sanctions on Venezuelan central bank
Trump administration attempts to close one of Maduro regime’s last sources of external financing
Venezuela removes eight more tonnes of gold from central bank
Regime could exhaust gold reserves in 2019 if sales continue at current rate
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
Bank of Israel increases level and risk of equities investment
Move comes despite disappointing returns from equities in 2018
Turkish lira depreciates as reserves fall sharply
Forex reserves have fallen by 8% in first three weeks of March, according to central bank data
Bank of Canada joins group of central banks tackling climate change
The network for greening the financial system aims to support Paris agreement’s goals
Turkey acknowledges reserves build-up necessary to stabilise lira
Currency plummeted on March 22 on weak global economic data
DNB signs ‘responsible investment charter’
Managers of Dutch central bank funds must use environmental, social and governance criteria