Debt
Working group minutes: Cautious exit from dollars
Central banks are contemplating gold, emerging market assets and equities to diversify
Most central banks have raised dollar shares – study
Geopolitics drove institutions to buy gold, rather than move away from greenback, paper argues
China sets overnight rate as benchmark in de facto easing
Analysts see greater transparency but expect lower rate to have limited impact on lending
Bahamian economy faces ‘elevated’ downside risks – Rolle
FX reserves more than adequate to support currency’s US dollar peg, central bank governor says
Rethinking capital-flow resilience in an age of recurring shocks
Amro’s Yasuto Watanabe and Takuya Yoshioka argue that policy-makers need a range of credible monitoring and policy tools to address the next waves of major shocks
ECB holds rates as it waits for ‘additional information’
Lagarde says her need to speak out on wider issues was key reason for her announced departure
AI borrowing boom poses stability risks – BIS bulletin
Sustained bond issuance by tech firms could exert pressure on broader long-term yields, study says
Ugandan finance minister calls for calm as shilling slides
Government official urges households to prioritise essential expenditure after currency hits historic low
Risks to French growth vary over time horizons – BdF study
Privately held debt matters most over short term, while macroeconomics counts for more over long term
European Stability Mechanism borrows €1bn on Pontes
Bundesbank performed its first transaction as paying agent on DLT platform
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
Paraguay’s central bank rebuffs bank supervision criticism
Several politicians have called on BCP leadership to resign over supervision of Ueno Bank
French riots hurt investor confidence as budget impasse lasts
Deteriorating fiscal outlook and political paralysis unsettle sovereign bond markets
BoK delivers hawkish hold
Shin says previous hikes provided room for pause, though tightening would continue amid heightened inflation
Rising advanced economy debt will push up rates in emerging markets
Rising public debt burdens are spilling across borders, and the effect may become stronger, say Carlos Arteta, Steve Kamin and Franz Ulrich Ruch
Lagarde sees slower pass-through after bond sell-off
Higher yields will limit knock-on effects from energy shock, ECB president tells IMF meeting
Fed finds larger-than-expected bank exposure to private credit
Researchers add sector to national accounts for first time
Dan Katz on the IMF’s role amid a fracturing economic system
The first deputy managing director speaks about the fund’s efforts in technical assistance, central bank guidance, debt workouts and surveillance in a system beset by fiscal imbalances, geopolitical fissures and digital disruption
Little evidence of second-round inflation in UK – Bailey
BoE governor says economy more resilient than expected, amid signs of AI investment
Venezuela seeks shift to inflation targeting in medium term
Minister says dollarisation not ‘right answer’ and debt sustainability analysis to be published soon
Lagarde cools speculation of ECB rescue amid French debt woes
Central bank chief urges her home country to get its fiscal house in order