Reserves
Ex-BCRA governor: Argentina was not ready for volatility
But tax exemption on exports and US support have bought Milei time until October poll, says Redrado
Most reserve managers continue holding medium-term Treasuries
Central banks from Asia-Pacific and Europe increase US dollar asset holdings outside the US
Reserve managers name top bank counterparties and asset managers
Citi receives most votes as banker to reserve managers and World Bank is top asset manager
Bolivia’s forward gold sales are legal workaround – expert
Central bank raises almost $600 million in hard currencies by committing to sell bullion at future date
Argentina sells $379m in FX market to prop up peso
BCRA intervenes for second time since implementing managed float regime in April
Majority of reserve management strategies unchanged by US tariffs
Some central banks have changed duration or currencies, but for most, business remains as usual
Bank of Ghana makes higher-than-expected rate cut
Central bank strikes bullish tone over prospects for economic growth and reduction in inflation
BoE holds rates and slows QT
Maturity profile shortened as Bailey aims to avoid disrupting gilt markets
Central banks modestly increased duration in past year
Some changed duration due to tariff impact, but not all in the same direction
Non-dollar stablecoins could spur greenback’s decline – BdF deputy
Central banks should embrace, not oppose, financial innovation, Bénassy-Quéré argues
Options for realising gold revaluations
Is monetary gold a special case in central bank revaluations accounting?
Many managers assess reserves with benchmarks and other approaches
Central bank board remains top body granting approval for reserve benchmarking
European central banks shift reserves from US Treasuries to euro assets
US Treasuries still make up largest share of respondents’ reserves globally
The weaponisation of payments
Central banks must integrate geopolitical resilience into their payment oversight, argues Biagio Bossone
Two in five large reserves holders reduce dollar allocations
Yet central banks’ FX holdings remain broadly denominated in US currency
Reserve managers widely satisfied with staff strength and resources
Large reserve management teams tend to earn higher salaries
Geopolitics, crypto and inequality are systemic risks – ESRB panel
Geopolitical risk is shaping markets, institutions and the financial system, says Olli Rehn
Central banks purchasing less gold, says WGC
July figures show a slowdown in net purchases of the precious metal
No ‘race to the bottom’ if Fed is forced to cut – Schnabel
ECB board member says politicised US central bank would be “very disruptive”
Sri Lankan inflation back in positive territory
Central bank says prices are rising for first time since it changed policy framework last November
A not-so-stable Genius Act?
New stablecoin rules raise monetary sovereignty and financial stability concerns
North Macedonia reshuffles reserve requirements
Central bank eyes more long-term, dinar-denominated savings and stronger deposit base for banks
Book notes: King dollar, by Paul Blustein
A well-researched overview of the position of the US currency, providing an optimistic view on the future of ‘king dollar’.
The Genius Act: a smart move for global payments?
Experts from the stablecoin industry discuss if new US law can live up to its name