Central Banks
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?
Stablecoins impact US Treasury yields – BIS paper
Sector’s continued growth could affect monetary policy transmission, authors say
Slovak court convicts central bank governor of bribery
Kažimír must pay €200,000 or face prison for having paid an official to expedite VAT refunds
Why making cents no longer makes sense
Experts praise US Treasury’s decision to stop minting pennies, but question policy’s implementation
European central banks taking more active role in cash cycle
Roundtable hears how fears over moral hazard are being set against need to preserve cash infrastructure
Bank of Korea makes 25bp cut and lowers GDP forecast again
Central bank hints at further easing as weak domestic recovery and US tariffs dim growth outlook
Two-fifths of central banks leave payment fees unregulated
Middle income institutions more likely to regulate prices than other respondents
Fannie, Freddie … and Donald
Trump’s plan to privatise GSEs may pose systemic risks if not done properly – and Fed may have to intervene, say experts