Foreign exchange
Pakistan sharply increases rates on higher inflation
Central bank increases policy rate by 100 basis points to 13.25%
Venezuelan opposition nominates ad hoc central bank board
Legislature aims to prevent Maduro’s regime from accessing gold and foreign currency reserves
West Africa announces ambitious new ‘eco’ currency plans
Single currency seems unlikely to be introduced by next year, despite updated launch plans
Zimbabwe relying on central bank to keep lights on
$14 million needed to keep power flowing, and debts are piling up, says energy CEO
Sovereigns increase fixed-income allocations amid volatility
Central banks intend to increase renminbi allocations and adopt ESG, survey finds
Euro internationalisation pushes ECB to rethink policy approach
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
Canada not looking to change exchange regime in 2021 review – Schembri
Deputy governor highlights benefits to economy since adopting regime
EU must improve capital markets to boost euro as global reserve – ECB
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy – Cœuré
Romania’s Mugur Isarescu on independence in a ‘post-truth’ world
Veteran governor speaks about country’s shift to market economy, the euro, mandate-drift and independence
The calm before the storm – The climate change 2019 survey
As climate-related risks to the financial sector become increasingly understood, central banks are demonstrating their willingness to develop capabilities to analyse the impact and modify their policies. A new survey indicates a watershed for central…
People: Brazil likely to replace deputy with San Francisco Fed economist
Fernanda Nechio nominated for Brazilian central bank board; two appointments in Lithuania; and more
Trump administration proposes new rules to punish currency manipulators
The move would enable the US to pursue more aggressive trade policy measures
Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism
Nepal’s central bank bans Chinese mobile payment platforms
Alipay and WeChat Pay banned; foreign payment services must register in Nepal
How Singapore manages its reserves
MAS’s Menon explains use of customised fixed income benchmarks and factor-based models
Zhou on four key decisions that forged the modern-day PBoC
Zhou Xiaochuan shares his insights on central bank leadership in China’s economic reform
Central Banking’s ‘Leaders’ for custody, banking and gold
Reserve managers reveal their top counterparties
Capital outflows further reduce Turkey’s reserves in March
Current account deficit falls, but the economy’s weak external position remains unchanged
Judy Shelton could be Trump’s next Fed pick
Shelton, like Trump’s two previous picks, is a gold standard advocate
Israeli reserves rise on higher equity prices in April
Portfolio increased in value by $524 million to $118.7 billion, which represents 32.2% of GDP
Time for resilience
Events that impact markets have made it crucial to build resilient portfolios that are aware of downside risks. BlackRock explores the importance of protection in downturn scenarios for reserve managers.
Venezuela to adopt a more flexible exchange rate
Analysts say liberalisation and US sanctions on oil industry are likely to further boost inflation
Carstens says EMEs are right to intervene but must be ‘rigorous’
BIS is “expending a great deal of analytical effort” in understanding the issue, he says
Turkish central bank defends reserves-boosting swaps activity
Swaps provide support for banks amid offshore Turkish lira liquidity squeeze, central bank says