Central Banks
Strong recovery in US treasury purchases is ‘unlikely’ – paper
Central banks’ demand for US government bonds has ‘plateaued’ as reserve managers diversify
Argentina eases bank dollar lending to companies
Authorities roll back post-2001 guardrails in effort to boost credit and economic growth
Peru holds rates for eleventh time in a row
BCRP highlights risk of escalating conflict in Middle East and more severe El Niño on inflation
Comms staff need to reflect on how their messages are perceived
BoE’s Eric Tong discusses research probing how the public receives central bank messages via the media
ECB flags risks to cash despite rise in acceptance
Central banks should take active role in preserving cash, spokesperson says
Venezuela seeks gold return from BoE for earthquake recovery
Interim government and opposition agree to “concentrate efforts” to retrieve reserves held in London
Africa’s domestic debt shift raises costs and risks, BIS warns
Diversifying investor bases necessary to reduce reliance on central and commercial banks, study says
CFTC uses emergency powers to overturn prediction market ban
Temporary US-wide ban would make financial instruments “waste away”, chairman says
Central banks predict growth more accurately than inflation
AI models may offer more precise forecasts
Former PBoC governor and Chinese premier Zhu Rongji dies
Leader praised by CCP and Hong Kong leaders for role in reforms and financial stability
Study compares private credit and leveraged loan market structure
Some firms better able to substitute between funding types than others, authors find
Resolution reforms may cut credit supply – CEPR paper
Easier requirements on smaller US banks helps reveal impact of ‘living wills’
EU banks shrug off mooted minimum reserves increase
Doubling of unremunerated reserves would curb Eurosystem losses, but banks doubt it will pass
Croatian central bank website cloned in scam operation
Fabricated “national financial access programme” offers fake handouts
BCB signals tighter monetary policy for longer
Policy-makers say demand-driven inflation requires monetary policy to “remain tight”
AI impact and usage growing in central bank economics departments
Regional variation exists, but adoption is increasing across the board
External shocks tighten credit conditions – ECB bulletin
New index finds funding becomes scarce after unexpected changes in economic activity
Brics in talks to link CBDCs and payments, says RBI governor
Central Bank of Brazil hunkers down on integrating Pix with other fast payment systems
Trump downplays reports of regular calls with Warsh
Talks between president and Fed chair have precedent, but frequent communications would be unusual, economist says
Most key projection models capture policy rates
But respondents rarely disclose policy rate forecasts alongside scenarios
Central Bank of Libya governor resigns
Naji Issa’s resignation comes as Libyan dinar remains under intense pressure
PBoC appoints Deutsche Bank as a renminbi clearing bank for Europe
China’s central bank reiterates pledge to internationalise RMB as part of its five-year plan
RBA remains on hold and says inflation still too high
Economists predict interest rates in Australia will stay put until mid-2027
Trump renews push to sack Fed governor Lisa Cook
White House formally notifies Cook of possible dismissal, and gives governor until August 26 to respond