Reserves
Libya devalues currency as public spending soars
Declining oil revenues and excess demand for FX have eroded reserves, central bank says
Over 40% of central banks lack formal recapitalisation agreement
Ten banks were recapitalised in the past year
One in five central banks pays unrealised gains to government
Most central banks have a formal agreement in place for sharing profits with government
Effects of ‘Mar-a-Lago accord’ are ‘highly speculative’ – BdF deputy
Agnès Bénassy-Quéré casts doubt on proposed collaboration to deliberately devalue dollar
Central Banking Awards 2025: final winners announced
Last group of awards includes governor of the year and lifetime achievement
US dollar dominance: beyond the ‘exorbitant privilege’
Biagio Bossone argues that dollar ‘seigniorage’ extends into the very structure of global finance and its ‘exorbitant privilege’ is worth up to $804 billion annually
Financial market infrastructure services: Nasdaq
Nasdaq has added a monetary operations portal to its cloud-based reserves services as part of its growing integrated suite
Central Banking Awards 2025: first winners announced
Awards go to central bank of the year, reserve manager, risk manager and more
Trump 2.0 piles pressure on reserve managers
Speakers at Central Banking Spring Meetings discuss positioning, interventions and impact of lost aid
The interest rate dilemma in an uncertain world: a balancing act
Biagio Bossone makes the case for a holistic policy approach that includes extending IT tolerance bands, smart fiscal policies, supply-side reform and financial safeguards
Trump names assets for US crypto strategic reserve
Announcement triggers rally for bitcoin, ethereum, XRP, solana and cardano
SNB governor says ‘no’ to holding crypto in reserves
Schlegel says asset class is “niche phenomenon”
Conservatism in central banking ‘may not exist in 10 years’
Reserve managers at Spring Meetings 2025 share frustrations and discuss new strategies
Deutsche Bundesbank posts €19.2 billion loss for 2024
Croatian and Norwegian central banks report profits
African reserve managers shed light on post-Covid strategies
Volatile environment has led to more experimentation, speakers tell Central Banking Spring Meetings
Bank Indonesia holds rates at 5.75%
Central bank faces dilemma of whether to prioritise bolstering growth or propping up currency
Bitcoin remarks ‘a surprise to CNB staff’ – source
Concern that planned asset allocation review is just “cover-up to push through crypto”
Eurozone ‘not in a recession at all’ – Cipollone
ECB vice-president says there is “room to cut”, digital euro work continues and bitcoin is not gold
CNB takes next step towards adopting bitcoin
Board approves governor’s proposal to look at “additional asset classes”, which could include crypto
European Central Bank makes 25bp cut
Lagarde “confident” EU central banks will not add crypto to their reserves
Czech governor wants central bank to add bitcoin to reserves
Michl to make proposal to CNB’s board, while recognising cryptocurrency “bubble” could burst