Reserves
The predicament of bloated central bank balance sheets
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?
Chile continues lowering rates, despite weakening peso
Central bank also halts reserves accumulation, citing market turmoil
Remittances to Mexico reach record high, says Dallas Fed
Researchers say strong US construction sector fuels funds transfers
Bank of Israel holds rate as Gaza conflict continues
Central bank stresses Israeli economy remains stable, but predicts increased deficits
Egypt restricts foreign currency credit card payments
The move comes after the central bank restricted debit card use abroad
Chile central bank acknowledges ‘very important depreciation’
Issue will feature at next week’s monetary policy meeting
Argentine candidate promises opposition seats on BCRA board
Massa promises to renegotiate IMF loan as country heads to the polls on October 22
Hong Kong has no plans to change US dollar peg, says HKMA chief
Eddie Yue says the linked exchange rate system has served the city well
Ecuador president-elect sends mixed signals on central bank raid
Noboa pledged to spend $1.5 billion, but later said this would only be in emergency
Reserve Benchmarks 2023 – model banks analysis
Benchmarking data sheds light on key differences in reserves management strategies in advanced, emerging and developing economies
Israeli economy and budget will remain resilient, says Yaron
Bank of Israel governor expects inflation will return to target on schedule
Argentina raises policy rate to 133% as crisis deepens
Presidential candidate Milei says peso worth less than ‘excrement’
Kenya to buy back $500 million in Eurobonds
Central bank governor says country will seek ‘exceptional’ IMF funding
Riksbank to sell reserves to hedge currency risk
Central bank aims to sell around $10.1 billion and will provide update from October 13
Bank of Israel to sell $30 billion to stabilise shekel
Exchange rate fell sharply following Hamas attack on October 7
Reserve Benchmarks 2023 – executive summary
Key findings of the 2023 benchmark, including coverage ratios, strategies to tackle high inflation, new trends in asset diversification, geopolitical risks and external managers
PEPP to become ECB’s weapon of choice
Facing high but falling inflation, the governing council is expected to hold rates
Reserve Benchmarks 2023 report – rebuilding buffers
Insights on portfolios coverage ratios, strategies to tackle high inflation, new trends in asset diversification, geopolitical risks and external managers
Ghana’s governor rejects opposition calls to resign
Addison says central bank only used monetary financing to respond to crisis
Over 15% of reserve managers plan diversification changes
Close to 14% of participants will increase diversification, while 17.2% are discussing changes
Fewer central banks added new reserve assets in 2023
Overall, 10.3% of institutions diversified their asset allocation, down from 18.6% last year
Milei picks professor to be (last) central bank governor
Argentinian candidate picks dollarisation advocate for BCRA
Joachim Nagel on the ECB’s terminal rate, fiscal policy, model relevance and the digital euro
The Deutsche Bundesbank president speaks about compromise on the Governing Council, rolling back PEPP, the need to implement Basel III and the chances of a revised Stability and Growth Pact
Bolivian reserves reaching critical levels, say experts
Central bank is depleting gold stocks to pay debt while monetary financing continues