Debt Management Book notes: Default: the landmark court battle over Argentina’s $100 billion debt restructuring, by Gregory Makoff Required reading amid current high sovereign debt, global tensions and the urgent need for climate finance 20 Dec 2024   |  Review

Financial Stability China holds benchmark lending rates One- and five-year loan prime rates unchanged after authorities pledge to loosen policy next year 20 Dec 2024   |  News

Reserves Brazil digs into reserves again to prop up falling currency BCB sells almost $13 billion of reserves as investors cast doubt on government’s fiscal position 20 Dec 2024   |  News

Monetary Policy Mexico continues easing with quarter-point cut Analysts think larger reduction is plausible but central bank stays cautious 20 Dec 2024   |  News

Macroeconomics Forbearance does not always lead to ‘zombification’ – BoE paper Well-designed policies can support firms through temporary periods of stress, researchers find 20 Dec 2024   |  Research

Risk Management Repo and FX markets buck year-end crunch fears Anticipations of changes to the Fed’s reverse repo programme contributed to easing balance sheet pressures 20 Dec 2024   |  Feature