Liquidity
Payments and market infrastructure development – wholesale: National Bank of Ethiopia
The East African central bank has implemented a major overhaul of Ethiopia’s core financial infrastructure
Financial markets infrastructure services – wholesale: Bloomberg
Tech firm helped Nigeria and Sri Lanka’s central banks to build essential FX market infrastructure, and Portugal and Ukraine’s treasuries to optimise debt auctions
Decentralised money always fragments – BIS’s Shin
Paper shows blockchain-based finance cannot replicate network effects of central bank money
BoT concerned about baht overvaluation, minutes show
February policy meeting discussed need to ‘closely monitor’ currency’s movements
Working group minutes: strengthening crisis management
Maintaining a strong team of resolution experts can be difficult for smaller central banks
BoJ bond holdings peaked at 77% between 2015 and 2024
Researchers find central bank’s debt holdings had non-linear impact on market liquidity
RBI buys bonds as Iran war threatens economic outlook
Economists expect central bank to stay on hold, despite risk of higher inflation and lower growth
Reserve manager: Central Bank of the Philippines
New risk management approaches, forward-looking SAA tranching, internal capacity building and a redesigned external fund management framework set the BSP apart
PBoC plans more market-based monetary policy formulation
Analysts expect Middle East conflict to have little impact on policy in China
Asian central banks prepare for conflict-induced energy shock
IMF’s Georgieva says Iran war creates energy and confidence risks for most of region
Swiss National Bank’s profits down in 2025
Losses on FX holdings dwarfed by gold gains to enable bank to post Sfr26.1 billion profit
Monetary policy in Asia since the pandemic
Asean+3 nations must plan to tackle ‘disturbance’, ‘structural’ and ‘radical’ uncertainty using a disciplined policy mix to preserve price stability amid global shocks, writes Dong He
Philippines may not reach digital payments goal, says governor
Rate cuts will have limited impact on growth, despite BSP having ample policy space, says Remolona
Brazil’s central bank shuts down lender connected to Banco Master
BCB says bank had “compromised economic and financial situation”
Banks’ internal markets impact wider funding conditions – paper
Repos from affiliates play key role in channelling liquidity to financial system, authors find
BoE to assess eligibility of digital gilts in monetary operations
UK set to become first G7 country to issue sovereign bonds on DLT
HKMA wants lenders to accelerate post-quantum planning
De facto central bank to unveil preparedness index, among other future-proofing tech initiatives
Global liquidity surge continuing, BIS figures show
Lending to non-banks continues to lead cross-border credit expansion
Fed fractures post-SVB consensus on emergency liquidity
New supervisory principles support FHLB funding over discount window preparedness
US stock crash would be ‘felt across the world’ – BdF deputy
Current account imbalances cannot be solved unilaterally, argues Bénassy-Quéré
HKMA to double renminbi funding quota
Measure comes as Hong Kong announces collaboration with mainland over city’s gold trading system
AI and tokenised finance are reshaping financial trust
Amro’s CEO Yasuto Watanabe argues that sustained policy attention is needed to ensure the foundation of trust remains resilient amid financial transformation
China leaves benchmark lending rates unchanged
One-year LPR stays at 3% and five-year rate remains at 3.5% following easing via structural tools
Indonesia holds as Thailand eases policy
Economists predict both countries’ central banks will aim for looser liquidity in 2026