Central Banks
People: Bunge made first deputy governor at Riksbank
Plus: Promotions in India and Singapore, and Santos Pereira takes charge in Portugal
RBNZ to pay Orr more than US$240,000 under non-compete clause
Central bank says ‘restraint of trade’ provisions have applied to ex-governors since 2012
Uncertainty over economic policy throttles lending – ECB study
Authors point to recent developments in US, but say sources of uncertainty can come from anywhere
Central banks buying more gold after July lull – WGC
Kazakhstan was largest buyer in August; Bank Indonesia reportedly sells 11 tonnes
Lagarde: ECB should supervise non-banks to prevent rerun of 2008
Monetary policy would benefit from more holistic prudential approach, president says
Egypt continues easing cycle with 100bp cuts
Slowing inflation and strong currency provide room for lowering rates as country expects IMF review
Bill seeking greater oversight over BI is diluted – report
Lawmakers would not be able to remove central bank leaders but would have more supervisory powers
Fed should reorganise and speak to counter Trump – Eichengreen
Professor says five-year lag for publication of forecasts is ‘excessive’ in current context
Book notes: Crisis cycle, by John H Cochrane, Luis Garicano and Klaus Masuch
This book ought to be read by anyone with an interest in or influence on the future development of the Emu
Working group minutes: strategic plans becoming more inclusive
Central banks are seeking input from wider range of staff and stakeholders
US Supreme Court says Cook can stay for now
Experts say decision provides grounds for optimism ahead of final ruling in 2026
Dallas Fed president cautious about further US rate cuts
Lorie Logan says inflation ‘not convincingly on track’ to return to 2%
Colombia cancels $8.4bn credit line with IMF
Announcement comes after fund said facility would stay suspended due to country’s fiscal problems
Credible Fed key to dollar’s role in Asia – Amro’s Dong He
Organisation’s chief economist says Asia’s central banks not seeking to disrupt currency’s position in region
Reserve Benchmarks 2025 report – tariff realignment?
Benchmarks show how some central banks are cutting US dollar exposure and raising duration
Central banks must focus on comms – Bank of Finland panel
Institutions need to concentrate on anchoring inflation expectations, governors say
Fed vice-chair says economic uncertainty ‘especially high’
Jefferson says both sides of central bank’s mandate are under pressure because of Trump’s policies
News coverage drove 2023 US bank runs – NY Fed study
Equity investors only became attuned to lenders’ weak fundamentals after mass panic began
France’s fiscal ills may require ‘targeted taxes’ – BdF head
Villeroy de Galhau warns citizens there is no ‘magic tax’ that only others will pay
BoE’s Breeden dismisses worries over UK’s persistent inflation
September’s flare-up in prices will not have significant second-round effects, deputy governor says
India maintains wait-and-see approach with rates hold
RBI’s governor says effects of previous easing cycle and US tariffs have yet to play out
Future-proofing reserve management and monetary operations
Central banks are searching for ways to streamline and optimise by leveraging cloud technology, AI and DLT.