Central Banks
Bank of Spain denies it is withdrawing €50 bills
Central bank says UK tabloid stories are the result of fake news rather than fake notes
PBoC backs state fund’s efforts to stabilise stock market
Chinese central bank also fixes currency at lowest level since September 2023
Bank of Ghana needs recapitalisation – study
Economist says measure could be funded through natural resources and remittance payments
RBNZ extends acting governor’s term
Christian Hawkesby to remain in place for six months while board looks for permanent governor
Nigeria sells FX to offset tariff-induced volatility
Oil-exporting country also affected by decline in commodity prices
Book notes: Unexpected revolutionaries: how central banks made and unmade economic orthodoxy, by Manuela Moschella
This book delves into the political science perspective of central banking since the 1970s but lacks nuance and depth
Libya devalues currency as public spending soars
Declining oil revenues and excess demand for FX have eroded reserves, central bank says
‘Liberation day’ was not peak uncertainty – Schnabel
EU was “not born to screw the US, but to make Europe thrive”, says ECB board member
Andrew Bailey to be next FSB chair
Klaas Knot will step down from organisation in June as his term at DNB also comes to an end
Indonesia to ‘aggressively’ shore up currency amid tariffs
Central bank will intervene in FX market once it re-opens following week-long holiday
‘Declaring war on the world economy’: economists react to Trump tariffs
Early estimates point to stagflation in US, as tariffs hit highest level since early 20th century
Police raid Bank of Portugal in €17m fraud investigation
Central bank “fully co-operating” with authorities in IT procurement embezzlement case
Central bank gold purchases up in February
Emerging markets lead accumulation of precious metal
Brazil to introduce instalment function for Pix
BCB also plans to allow merchants to collateralise loans with future receivables on platform
Do Trump/Doge materially threaten the Federal Reserve?
Experts weigh in on the danger levels for the US central bank, including whether it is overstaffed
AI forecasting outperforms traditional methods – study
New approach still only complements existing models but results are promising, say authors
Nabiullina: still Putin’s most effective general
Even Russia’s enemies say its central bank governor has played a bad hand well. But for how much longer?
Riksbank reshuffles strategic asset allocation
Dollar-denominated holdings increase while euro takes backseat in new “holistic approach"
World Bank says Nepal’s economy will grow, despite shocks
Benign inflation and loose monetary policy to aid growth, says institution
LatAm policy transmission matches historical norm – paper
Pass-through stronger in consumer and corporate lending, Bank of Spain study finds
Take foreign policy veto away from EU members, says Lagarde
ECB president makes case for qualified majority voting in an apparent rebuff to Hungary
Policy uncertainty ‘exceptionally high’ – de Guindos
Prudence needed as evaluating likely outcomes “no longer possible”, ECB vice-president says
Fed independence is under threat
US central bank faces increasing pressure although monetary policy autonomy looks safe for now