Reserves
Will Treasury yields keep on rising?
Falling price of US bonds may force reserve managers to change duration to preserve capital
Book notes: Asset management at central banks and monetary authorities, edited by Jacob Bjorheim
This excellent book fills a critical gap existing since IMF guidelines on asset management were revised
RBI offers bond accounts to retail investors
Central bank to sell debt directly to public, as recent auctions show signs of strain
Bank of Finland to focus on sustainable growth
Central bank also aims to create “world’s best” financial literacy programme
Israeli reserves “well beyond adequacy” – IMF
Fund calls on Bank of Israel to cease FX purchases once inflation returns to target
Mexican president seems to make U-turn on central bank law
Bank of Mexico says draft cash law would endanger its independence
Central banks must mobilise their FX reserves
The pandemic and climate crises call for bold action, write Gary Smith and John Nugée
Bank of Israel announces major increase in FX interventions
Central bank announces FX spend in advance for first time and pledges 40% increase
Chile’s central bank to boost reserves by over 30%
CBC will purchase $12 billion to bring reserves to 18% of GDP before IMF credit line ends
SNB expects $23.5 billion profit in 2020
Profits on foreign currency positions account for $14.6 billion
Bank of Israel increases FX interventions to tame shekel
Central bank’s foreign reserves reach new record level
Argentinian central bank puts cap on imported luxury goods
BCRA bids to preserve foreign currency as international reserves decline to $39.4 billion
Turkish central bank led global gold sales in November
WGC says higher local demand boosted gold trading between banks and CBRT
A ‘love-hate’ relationship with ESG screens
Screens seen as first step in adopting ESG practices, so why do so few central banks use them?
Colombia draws on IMF’s FCL funds for first time
Government resorted to $5.4 billion drawing to help meet higher pandemic financing needs
BIS paper explores reasons for large gold reserves
Researcher says large holdings can be justified, but only for some purposes
Sri Lanka’s central bank picks SimCorp to manage reserves
Platform will handle both internally and externally managed funds
Gold for central banking focus report 2020
The Covid-19 pandemic and the reaction from central banks had a significant impact on the price of gold. Over the past few decades, central banks have viewed gold as a ‘safe-haven asset’ – an investment that can be used to dodge the impact of negative…
The ultimate store of value
Róbert Rékási speaks to Central Banking about how Covid-19 has changed gold investment trends
Public policy lines blur: implications for reserve managers
Crisis-fighting has pushed central banks into new forms of risk-taking, which is impacting reserve managers
Has Covid-19 made gold shine brighter?
The price of gold has skyrocketed this year, but central banks have not flocked to invest as they have done in the past, write Rachael King and Victor Mendez‑Barreira.
Nordic central banks sign currency swap agreement
Norwegian, Swedish and Danish central banks conclude bilateral swap deals
Gold reserves in central banks – 2020 survey results
Reserve managers share their views on future gold holdings, target allocations, purchasing and storage approaches, the use of ETFs, and the impact of Covid-19, in the results of a new joint Central Banking-Invesco survey. By Nick Carver and Robert Pringle