Sovereign debt
Cross-border spillovers play key role in ECB’s bond purchases – DNB paper
Cross-border effects play a “dominant role” in PSPP’s effectiveness, say researchers
ECB leaves stimulus unchanged
Lagarde says prompt implementation of EU-wide fiscal stimulus is key to eurozone recovery
Central banks must mobilise their FX reserves
The pandemic and climate crises call for bold action, write Gary Smith and John Nugée
Riksbank to increase risk buffer
Swedish central bank concerned about future effects of asset purchases on balance sheet
Bank of Israel increases FX interventions to tame shekel
Central bank’s foreign reserves reach new record level
Hernández de Cos says yield curve control ‘worth exploring’
ECB could target differential between OIS curve and riskier sovereign yields
Hernández de Cos on ECB policy, crises responses and Basel reform
Spanish governor says ECB ready to boost stimulus and Basel reforms not diminished by Covid-19 exceptions
2020: The year in review
The past 12 months have been marked by crisis-fighting and losses, but also innovation
Sveriges Riksbank announces big QE boost
Swedish central bank increases size, scope and duration of asset purchases
Olli Rehn on AIT, market neutrality and EU fiscal policies
Finnish governor speaks about the ECB’s strategy review, climate change and lessons from the eurozone crisis
ECB highlights new channel reinforcing sovereign-bank nexus
State guarantees indirectly increase banks’ exposure to sovereign risks through corporates
G20 agrees ‘common framework’ on debt relief
Leaders welcome decision, but criticise private sector for failure to act
Zambia prepares for debt default
Talks on payment freeze fail as G20 prepares to debate further debt relief
Eurozone must not cut fiscal support too soon – IMF official
Environment favours public investment, but spending must be transparent, says fiscal affairs director Vítor Gaspar
IMF approves $370 million credit facility for Afghanistan
New programme aims to support country’s recovery from Covid-19
ECB slows down PEPP purchases
Purchases reached €12.6 billion in the week to October 30, the lowest level since PEPP was launched
Argentina changes rates without public notification
Central bank continues its plan to close the gap between main policy rates
Lagarde warns of ‘negative’ November for eurozone
ECB keeps policy tools unchanged but president says it will recalibrate in December
Bank of Israel increases size of QE programme
Yaron calls on government to act on worsening economic outlook as Israel suffers “second wave”
EU sees huge appetite for new triple-A asset
‘Sure’ bonds offer the ECB a less controversial option for asset purchases
Frank Smets on the ECB’s strategy review
The ECB’s DG of economics explains how expectations, communication, fiscal dominance, climate change and the Fed’s actions will be factored into the ECB’s delayed strategy review
Argentina’s central bank attempts monetary balancing act
Central bank tries to increase government access to pesos while raising repo rate
IMF staff warn ‘exceptional’ demand for funds likely to continue
Executive directors agree to extend debt relief and higher borrowing limits
World faces systemic debt crisis, IMF warns
IMF calls for urgent reforms and Japanese finance minister criticises China over debt agreement