Geopolitics
Libya’s new central bank governor faces uphill battle
Experts warn Boukhzam is inheriting a politically compromised institution
Working group minutes: Cautious exit from dollars
Central banks are contemplating gold, emerging market assets and equities to diversify
Canada’s Tiff Macklem on the US trade dispute, AI and framework renewal
Bank of Canada’s governor speaks about declining economic resilience, the need for decisions despite policy dilemmas, Canada’s new interconnected, sector-focused structural model, lessons from QE, and more
Banxico cuts rates on account of lower core inflation
Central bank makes ‘one-time’ 25bp cut, with 3–2 voting split on governing board
Bank of England makes first rate hike since 2023
MPC votes shift from 3–6 to 8–1 in favour of 25bp increase to 4%
Working group minutes: Cash infrastructure under pressure
Both high and low volumes of cash in circulation are causing problems for central banks
Most central banks have raised dollar shares – study
Geopolitics drove institutions to buy gold, rather than move away from greenback, paper argues
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
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
The risks and returns of ever-expanding swap and repo lines
Increase in central bank swap agreements and repo facilities should help to counter future liquidity squeezes. But the proliferation is fraught with political risk
Burning ambition: will Europe join the US in setting fire to the rules?
As the US dismantles post-crisis regulations, some think Europe will follow in a bid to boost economic growth
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
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
Warsh: I’ve focused too much on monetary policy
Fed chair vows to pay more attention to supervision, payments systems and consumer affairs
Pre-emptive policy has built credibility, says Georgian governor
Enriched monetary policy toolkit assesses whether shocks are transitory in a volatile world
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
Oil futures gloomier than reality during conflicts – Feds note
Commodity has become hedge against macroeconomic risk, research finds
Ice launches gold futures trading in London
Contract gives market participants new risk management tools, head of Ice Europe says
Tanzania, DRC and Kenya keep rates on hold
Countries face different risk factors, though Middle East conflict remains common thread
Uruguay raises rates for first time in 18 months
Central bank says hike is ‘proactive’ measure to mitigate risk of inflationary pressures spilling over
Peru unexpectedly holds rates amid rising inflation
BCRP maintaining ‘hawkish stance’ by leaving open possibility of rate adjustment, economist says