Central Banks
Trade trends favoured China over US even before tariffs – study
St Louis Fed research shows long-term re-anchoring of countries’ trade links between 2002 and 2022
Lawsuits looming against ECB’s climate policy, expert says
Banks could go to court over imposition of daily fines related to environmental prudential rules
Most central banks operate RTGS seven to 12 hours daily
Respondents processed over $6 trillion via system in 2024
Hungarian central bank launches anti-cyber fraud campaign
Governor announces five-step campaign to counteract increasing prevalence of scams
A fractured monetary system
US policy is encouraging a transition away from a dollar-led, rules-based order
Obituary: Stanley Fischer, 1943–2025
Fischer had a profound impact on central banking, as path-breaking academic and top policy-maker
Sweden moves to improve liquidity provision in resolution
Riksbank and debt office develop “joint approach” to clarify how lenders can source liquidity in crisis
BoJ advised to slow or maintain JGB tapering pace from 2026
Bond traders satisfied with current plan but disagree on future balance sheet policy
Number of non-banks with RTGS access rises year on year
Middle income central banks account for largest number of connections
Reflections on the international financial situation
Former IMF head Jacques de Larosière writes that markets are blind to Trump's policy shocks that are fragmenting the monetary ‘system’, causing strain in the eurozone and may result in stagflation
NBP’s Juliusz Jabłecki on geopolitics, bitcoin and gold
Director of financial risk management department talks tactics versus strategy, operations following the outbreak of war in neighbouring Ukraine, FX interventions and independent risk-taking
Supreme Court ruling raises storm clouds for Fed
Decision to allow dismissal of agency staff without cause poses risks to bank’s independence, say experts
Croatia and Montenegro to begin cash swap programme
Central banks sign MoU to exchange damaged euro notes from Montenegro for undamaged ones from Croatia
BoE governor calls for closer ties between UK and EU
Bailey says Brexit’s negative effects on trade need to be minimised
Iran and Oman to establish ‘joint bank’
Central bank says new institution will help with financial settlement
Dovish Banxico minutes point to another 50bp cut in June
Weak domestic growth and tariff-hit foreign demand suggest further easing on horizon
Half of retail payment sectors saw diversification last year
Changes include regulations, technology and rate of participation
Is the central bank gold rush over?
Has gold become too expensive to offer value as a diversification asset amid geopolitical turbulence?