Reserves
Facebook unveils new ‘currency’
Social media group says it plans to “reinvent money” with payment system backed by liquid reserves
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
IMF welcomes Tunisia’s tougher monetary policy
Further rate increases might still be warranted this year, say executive directors
National Bank of Romania resists the populists – for now
Veteran governor Mugur Isărescu has defended the central bank’s independence
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
ECB queries changes to Austrian central bank law
But collapse of government puts future of draft law and identity of next governor in doubt
Three Asian central banks rebuff US claims of currency manipulation
Singapore, Malaysia and Vietnam respond to being placed on US Treasury watch list
Costa Rica lowers reserve requirements on domestic currency
Move follows IMF recommendation to boost domestic currency use in highly dollarised economy
Carney warns of ‘global liquidity trap’
BoE governor says model of “capital flows at risk” highlights important vulnerabilities
Climate change – Where can central banks contribute?
Climate change is becoming increasingly important to central banks thanks to its implications for financial stability. In a forum sponsored by Amundi, Central Banking convened a panel of experts to discuss the latest innovations, regulations and…
Colombian central bank suspends reserves accumulation
Board wants to assess the impact higher reserves may have on the peso’s exchange rate
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…
Central bank independence key to Ecuador programme – IMF
Fund is expected to sign off on first review of extended fund facility in June, providing $250 million
Central banks turn to factor investing for reserve management
Lack of capabilities may hamper effective use of factor analysis, officials say
Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism
Bank of Jamaica continues with monetary easing
Central bank has now lowered rates three times this year and cut reserve requirements twice
SBP hikes to 12.25% as inflationary risks grow
Government has been borrowing heavily from central bank and rupee has weakened
How Singapore manages its reserves
MAS’s Menon explains use of customised fixed income benchmarks and factor-based models
Bank of Jamaica lowers reserve requirements further
Second reduction this year could be conflicting with currency concerns
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
IMF staff strike deal for $6 billion Pakistan bailout
Mission chief says central bank should focus on inflation control and exchange rate flexibility
Capital outflows further reduce Turkey’s reserves in March
Current account deficit falls, but the economy’s weak external position remains unchanged
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