Foreign exchange
Vietnam says it is “actively prepared” to intervene in forex market
Interventions have helped protect the dong’s value, but depreciation gathered pace in June
Is the pursuit of a common accounting standard for monetary gold a fool’s errand?
More consistent accounting for monetary gold could address transparency concerns and help smaller emerging economies to achieve greater independence by clarifying treasury transfers
Brazilian government must respect central bank independence – IMF
IMF directors warn against excessive exchange rate interventions
People: Palestine Monetary Authority appoints new deputy governor
New members appointed to Finnish and Swiss boards
Bank of Jamaica’s Wynter on the path to inflation targeting
Bank of Jamaica’s governor talks about revamping accountability, communications and operations as the central bank embraces inflation targeting
Bank Indonesia surprises markets with aggressive rate hike
Markets had expected the central bank to opt for a smaller move in the policy rate
Swiss central bank keeps policy rates negative
SNB says it will intervene in foreign exchange markets “as necessary”
Argentina launches new measures to stem peso depreciation
Analysts concerned new central bank tools to control peso are not enough
Argentina falters at ‘historic’ moment for BCRA
Replacing Federico Sturzenegger with a finance minister with close ties to the president sends a confused signal about central bank independence
SNB should clearly assign policy tools, IMF report says
SNB can avoid impression of exchange-rate targeting through better communication, says IMF
Bank of Thailand allows securities firms to provide forex trading services
Central bank says rule change will improve market flexibility
BIS paper studies evolving renminbi exchange rates
It is “premature” to declare a stable zone for the renminbi, the paper concludes
SBP devalues rupee again as reserves dwindle
Two years on from its last IMF rescue package, Pakistan is again experiencing balance of payments troubles
Trigger for emerging market sell-off still playing out, warns Argentine governor
There is a possibility of Argentina being “challenged further”, says Sturzenegger
New forex tool has made Jamaican market more competitive – Wynter
Jamaican governor says B-FXITT has levelled the playing field for smaller dealers, while larger dealers are being pushed to provide better products
Time for Central Bank of Argentina independence
Monetary financing has fallen sharply under Mauricio Macri’s administration, but must now end; independence law would help efforts to shatter Argentina’s inflationary shackles
China opens onshore market to foreign investors
MSCI adds Chinese shares to its emerging markets index for the first time
Bank Indonesia announces second rate hike in two weeks
First meeting under new governor reflects central bank’s focus on currency stability
Argentina rescue advances as emerging markets suffer outflows
IMF backs Argentinian reform process as it prepares to supply emergency funding; emerging market central banks intervene to stem currency slide
South Korea will publish data on forex interventions
US Treasury report called recent South Korean forex moves “concerning”
Risk-based supervision focus report 2018
This first Central Banking journal focus report on risk-based supervision analyses how central banks, financial regulators and financial institutions can streamline efforts to meet onerous new regulatory and supervisory data requirements.
US sanctions Iranian central bank governor
Valiollah Seif and another senior official accused of transferring funds to militant group
Reserve managers cautious on renminbi, despite predicting rapid growth
Market liberalisation, government intervention and PBoC’s approach to new areas of investment are top concerns
Argentina calls on IMF for help
President Macri calls upon the IMF for financial aid as peso depreciation continues; policymakers hold rates at latest meeting