Europe
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"
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
Salary still poses greatest challenge for recruitment
Staff morale constitutes lowest constraint but is a concern for some central banks
Bosnia and Herzegovina makes U-turn on gold – report
CBBH bought two tonnes in 2024, having sold 1.5 tonnes in 2023
ECB ‘assessing’ bilateral link to India’s UPI – Cipollone
Board member says US promotion of stablecoins presents real risks for EM central banks
Some central banks report pressure to change monetary policy
Central banks mention financial and political factors impacting independence
No need for repo clearing ‘cannon’ in Europe, says industry
Observers question rationale for a clearing mandate, calling for clearer incentives
ECB monetary policy spills over to US – Chicago Fed study
Resulting appreciation of dollar causes US leveraged loan investors to demand more compensation
Buch: geopolitical risk is ‘our new business as usual’
ECB supervision chief tells EU parliament there is no trade-off between growth and effective supervision
Two-thirds of central banks regularly audit policy processes
Internal and external audit functions are combined in most jurisdictions
EU debt wave raises dealer capacity concerns
Ongoing QT and upcoming defence spending piles pressure on bank balance sheet supply, say dealers
Agent-based models come of age
Central banks are increasingly modelling the economy as a complex system
Hungary holds rates amid continuing upside risks to inflation
MNB points to geopolitical and trade uncertainty in explaining first policy decision under new governor
Larger central banks more likely to have diversity policy
Boards with appointment powers more often focus on diversity
Central Banking Awards 2025: the winners in full
Awards recognise extraordinary achievements in another challenging year for central banks
Most governing boards operate under charters
Strategy-setting and budget approval are boards’ top responsibilities
Can central banks cut remittance fees to sustainable levels?
More action is needed to reach the UN’s 3% global average cost target. But central banks face limits on what they can do
One in three central banks operate supervision committee
Government officials’ membership on boards still rare
Effects of ‘Mar-a-Lago accord’ are ‘highly speculative’ – BdF deputy
Agnès Bénassy-Quéré casts doubt on proposed collaboration to deliberately devalue dollar
AI at the ECB and the need to strengthen internal critical thinking
Carlos Bowles writes that efficiency gains should be shared with staff and efforts made to protect cognitive capacity
Governors serving limitless terms tend to earn lower salaries
But governors’ average salary remains over $200,000 a year