Debt
Lagarde sees slower pass-through after bond sell-off
Higher yields will limit knock-on effects from energy shock, ECB president tells IMF meeting
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
Fiscal consolidation still possible in France – Moulin
BdF governor says Europe facing twin shock from surge in energy costs and bond yields
Resilience is watchword in IMF’s World Economic Report
Tenreyro says sources of oil, trade and tech inputs should be diversified if economies are to withstand shocks
China hits back at criticism of yuan policy
PBoC denies devaluation claims, says other nations are responsible for their declining competitiveness
Philippines’ FX reserves fall to three-year low
BSP says levels sufficient following period of currency interventions and devaluations
Pacific series: PNG’s governor on 40 years at the central bank and her plans for its future
Elizabeth Genia speaks about reaching remote communities, FX, green finance and leadership
Kansas City Fed warns of long-term AI financing risks
Highly leveraged entities may cause financial stress to spill over to broader economy
IMF flags gaps in Somalia’s financial reform efforts
Fund notes progress, but says central bank should go further to safeguard stability
Hong Kong to explore stablecoin use cases with Malaysia
Monetary authorities also agree to co-operate on tokenisation and local currency use
Rehn says European safe asset ‘deserves further examination’
ESRB vice-chair says jointly issued bond could help fund defence and energy, but design is the hurdle
Villeroy de Galhau rejects ‘populist’ critique of central banks
Independent institutions belong in driver’s seat ‘more than ever’, says former BdF governor
RBA says stability risks mainly come from abroad
Bank’s finstab report says financial system resilient but points to AI and geopolitical concerns
Africa’s central banks diverge as Zambia delivers major rate cut
Mozambique holds while Sierra Leone delivers second consecutive hike
Goodhart and Pradhan on the end of monetary independence
The unanchored central banker authors speak about how ageing populations, soaring healthcare costs and rising fiscal deficits will force central bankers to compromise on inflation targets and bail out indebted governments
Stablecoins issuers’ debt wish not enough to meet US needs – study
SF Fed authors say demand for Treasuries will be much smaller than government’s requirements
ECB should become global lender of last resort – report
Academics put forward policy recommendations to further internationalise euro
BdF chief urges French politicians to break budget deadlock
Central bank governor warns another stalemate could jeopardise France’s economic future
Mamerto Tangonan on the Philippines’ glocal digital ecosystem
Deputy governor shares insights on the nexus of wCBDC and digital sovereign bonds, multilateral payments governance and 'smart' global trade
Book notes: The unanchored central banker, by Manoj Pradhan and Charles Goodhart
A book sparkling with provocative opinions that challenges readers to rethink central banking amid evolving macro trends