Asia-Pacific
Singapore touts trust and neutrality to win central bank gold
MAS and SBMA believe there is room for multiple gold hubs; play down competition with Hong Kong
Volume of damaged notes withdrawn from circulation increases
Frequency of official fitness tests tends to have bearing on removals
Atomic settlement: a solution to cross-border payment woes?
Experts say simultaneous settlement has the potential to improve cross-border frictions – so why are central banks lukewarm?
One in five central banks to issue new banknotes next year
Third of respondents have seven denominations of banknotes in circulation
Number of banknote depots linked to cash cycle involvement
Public and private sectors jointly bear distribution costs in most jurisdictions
Singapore surprises with pause in tightening cycle
MAS says decision made against backdrop of rising inflation, but expects price growth to slow next year
Volume of cash in circulation averages less than 5bn notes
Proportion of payments made using cash averages 40% in past year
Printworks owners have seven times more cash staff
Currency departments generally more satisfied with non-staff resources than staffing
Investors price in sanctions risk for US equities – study
NY Fed authors say geoeconomic risk driven by firms’ exposure to sanctioned countries’ supply chains
Divergence from global cycles gives Asia policy room – Amro
Change may allow Asean+3 central banks to focus on domestic rather than global conditions, report says
Canadian households and firms adapting to volatility – Macklem
Country has gone through ‘several stages of grief’ over death of open trade with US, says governor
Third parties manage roughly one-sixth of reserves
Compensation for external asset managers takes different forms across jurisdictions
People: Union leader among BoE’s new non-execs
Plus RBNZ assistant governor to leave and Fnality appoints three ex-central bankers
Foreign exchange interventions jump 71% year on year
One in four central banks uses derivatives for FX intervention
Investment tranches account for half of reserves
Just one-fifth of central banks lack tranching mechanisms
Larger reserve holders operate longest portfolio duration
Duration among respondents holds steady at around two years, on average
Reserves exposure to non-SDR sovereign debt increases
US Treasuries and gold remain the most prominent asset classes
Managers predict moderate AI impact on reserves
But many reserve managers see high future potential for AI
Zombie firms in Asian EMEs cause disinflation in AEs – study
Spillover is transmitted to advanced economies via trade channels, BIS report says
Staff strength and salary associated with size of reserves
Managers report greater satisfaction with non-staff resources than staffing levels
Counting the cost of central bank staff errors
Risk managers expose underlying causes and outline measures to curtail incidents