Trends in reserve management: 2024 survey results

Joasia E. Popowicz

This chapter reports the results of a survey of reserve managers that was conducted by Central Banking Publications in January and February 2024. This survey, which is the 20th in the annual HSBC Reserve Management Trends series, was made possible by the support and co-operation of the reserve managers who take part in it. The reserve managers contributed on the condition that neither their names nor those of their central banks would be mentioned in this report.

Summary of key findings

  • Geopolitical escalation is the most significant risk that reserve managers face in 2024. Following the

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