Global reserve levels are recovering from a series of unprecedented economic shocks. In the new interest rate era, bonds became more appealing as yields rose. But they also come with the risk of devaluation as above-target inflation persists. Many…
Invesco comments on the case study interviews conducted by Central Banking for this report, and key reserve challenges such as global high inflation and balance sheet dynamics in emerging and advanced economies.
After many central banks’ reserves declined in 2022, how should managers evaluate their fixed income investment policies in an uncertain period following years of unprecedented shocks?
The former Israeli central bank governor and current vice-president of the Israel Democracy Institute speaks with Christopher Jeffery about the BoI’s targeted emergency responses, economic uncertainties and central banking independence
The ECCB governor speaks with Christopher Jeffery about maintaining a currency zone, addressing climate and cyber risks, the decline in correspondence banking and lessons learned from issuing a retail CBDC
South African authorities considering use of $25 billion to address ‘expensive’ repayments
Two-year deal provides Mexico with $35 billion in case of crisis
Central Banking speaks to four officials about their fixed income investments and how monetary policy and inflation interact with reserve management.
Hong Kong’s currency peg to the dollar touched its weak side more than 40 times over a year
Report says central bank contingency account appreciated by nearly $8 billion
Panellists discuss tranching, tactical diversification and strategic asset allocation governance in current market conditions during a Central Banking roundtable in collaboration with Invesco.
Central bank devalued kwacha by 30% against US dollar last week
Economists tell Central Banking the government must radically change fiscal priorities
Central bank approved $30 billion programme following Hamas attacks on Israel
Even with central bank backstops, markets are not reliable liquidity managers, official says
Guido Sandleris says ‘continuity of Kirchnerism’ would be worse for Argentina
A deep dive into the politics, personalities, trade theory and trade practice of the era, but missing a crucial element: the collapse in the US stock of money
Swollen balance sheets carry significant risks for combating inflation, ensuring financial stability and preserving central bank credibility, independence and effectiveness. How can central banks reduce them?
Central bank also halts reserves accumulation, citing market turmoil
Researchers say strong US construction sector fuels funds transfers
Central bank stresses Israeli economy remains stable, but predicts increased deficits
The move comes after the central bank restricted debit card use abroad
Issue will feature at next week’s monetary policy meeting
Massa promises to renegotiate IMF loan as country heads to the polls on October 22