Central Banking
De La Rue agrees to £263m takeover by US group
Banknote maker rejects last-minute counterbid in favour of cash offer
Iceland resurrects active FX purchase programme
Central bank to buy €6 million a week to ensure sufficient liquidity
Global liquidity flows less sensitive to risk – NBER paper
Capital flows are more stable despite shift into bonds since global financial crisis
Rewriting the monetary balance sheet
Biagio Bossone and Massimo Costa write that a new accounting approach is needed for central banks and commercial money in the digital age
Bangladesh Bank officials should face action over theft – minister
Nazrul says previous regime shielded central bank officials from investigation into $101 million hacking
IMF agrees $20 billion loan deal with Argentina
Fund disburses $12 billion immediately as BCRA moves currency regime to managed float
Central banks shore up reserves against fallout from tariffs
Officials prepare to protect FDI and conduct FX interventions, Reserve Management Trends survey finds
US on ‘wrong path’ with deregulation – Villeroy de Galhau
BdF governor calls for two-year delay to FRTB, “given uncertainty”
Fed ‘absolutely’ prepared to stabilise markets, says Collins
Head of Boston Fed says bank ready to deploy tools as and when they are needed
Bowman won’t commit to stress-testing tariff shock
Nominated Fed vice-chair stonewalls calls to run ad hoc scenario similar to 2020 Covid test
Do central banks need more tools to regulate the financial system?
Policy-makers from Armenia, Thailand and New Zealand share perspectives on how to keep up with the ever-changing industry
ECB’s Donnery calls for stronger supervision of non-banks
Firms’ ties with banks should be promptly addressed, supervisory board member says
SNB to launch support facility for instant payment system
Swiss central bank aims to promote instant payments with new secured loans from 2027
Average inflation targeting raised post-Covid prices in US – study
Dallas Fed research argues Fait framework contributed to surging prices
Policy should respond to long-run expectations – Fed study
Such a framework would enhance price stability, paper argues
Dallas and Minneapolis Fed chiefs sound alarm over tariffs
Logan and Kashkari highlight risks to inflation and employment
Non-banks should be intelligent about risk – RBI deputy governor
Swaminathan advises caution as he hails sector’s rise in credit market
BCRA renews $5 billion currency swap with PBoC
Argentina gets reserves boost, with new IMF deal expected to be finalised over coming days
Market turmoil causes BoE to reschedule long-dated bond sale
Change to QT plan comes after tariff uncertainty triggers surge in UK government bond yields
Former Bank of Mauritius governor arrested again
Harvesh Seegolam released on bail after being charged with fraud in embezzlement case
Arab Monetary Fund provides $306.5m of debt relief to Somalia
Restructuring follows similar package offered by IMF
Philippines resumes easing cycle with quarter-point cut
Inflation slows but growth risks increase amid “more challenging” external environment, BSP says
Central bank independence helps price stability – ECB paper
Research shows that greater autonomy means more policy discipline and enhanced credibility