Reserve Benchmarks 2022 – presentation
Reserves specialist Victor Mendez-Barreira speaks about staffing and salaries, the inflation challenge, Bank of Russia sanctions, green investments, asset diversification, and reserve levels and liquidity lines
The past year was marked by two major events. The ‘normalisation’ of central bank policy rates – notably by the US Federal Reserve System – after a surge in inflation in many jurisdictions, and the conflict in Ukraine and associated freezes on Bank of Russia assets.
The changes in the environment have caused sharp cross-border fund flows and currency depreciations for a number of nations. This raises many important questions for reserve managers. Do they have sufficient levels of reserves, and
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