Central Banking
Trump’s tariff threats stress London gold market
Banks scrambling to get enough gold to fund customer positions, with BoE the first port of call
Upside risks from Trump tariffs prompted Fed to hold rates
FOMC minutes show that January’s decision was partly informed by potential changes in US trade policy
China holds loan prime rates
PBoC stays put again as yuan strengthens after Trump signals potential trade talks with Xi
ECB board members express regret over QE stimulus
Cipollone says unwinding balance sheet thwarts rate cuts, while Schnabel wants “less activist” bank
Reserve Bank of India launches economic data app
RBI says users will be able to access bank’s data portal and locate banking facilities in their local area
Bank Indonesia holds rates at 5.75%
Central bank faces dilemma of whether to prioritise bolstering growth or propping up currency
Fed governors differ on best way to deal with Trump uncertainty
Waller says monetary policy can’t be “put on hold”, but Bowman calls for wait-and-see approach
‘Sandpile’ model makes case for supervisory intervention
IMF paper finds that arranging sales of failing banks is best policy, despite some side effects
New Zealand continues easing cycle with 50bp cut
Trade concerns take centre stage as RBNZ delivers fourth consecutive reduction
Fed study suggests fewer fake dollar bills are in circulation
Research suggests number of counterfeit notes has fallen eightfold since 2006
Trinidad to remove Columbus imagery from TT$100 banknote
Bills will display new coat of arms featuring national musical instrument, the steelpan
Bank of Israel may consider paying interest on future CBDC
Survey finds substantial interest in digital shekel, particularly from older Israelis
Riksbank makes Skr36 million profit in 2024
However, Swedish treasury will not benefit as central bank failed to reach its target equity level
Australia cuts rates for first time since 2020
RBA delivers long-awaited 25bp reduction but says markets are overconfident about further easing
‘Dark’ oil shipping impacts inflation – paper
Research finds nearly 43% of seaborne crude is shipped undercover to evade sanctions
Looming US Basel endgame redraft sparks calls to save IRB
Experts say 20 years of data makes credit risk models more appropriate than standardised approach
EMs resilient to US monetary spillovers, panellists say
Turkish and Thai governors discuss policy challenges at IMF conference in Saudi Arabia
Syria imports banknotes from Russia
Central bank says media reports of amounts involved are ‘exaggerated’
China to focus more on consumption, says PBoC governor
Pan Gongsheng wants domestic demand to be “key driver of growth”
Knot makes case for ‘international monetary diplomacy’
DNB governor says dream of a rules-based international order must be kept alive
Fed researchers unveil more secure payment system model
Byzantine fault tolerant system can process 110,000 transactions per second
Cool heads must guide financial regulation of climate risk
Supervisors can’t simply rely on ‘magical thinking’ of market discipline, says Sergio Scandizzo
US inflation higher or more cyclical at start of year – study
Dallas Fed research says slowing inflation is more encouraging if it takes place in January
Stablecoins can bolster dollar’s international role, says Waller
Fed governor also warns against domestic and international regulatory fragmentation