Central Banks

India’s share in global forex market is tiny, but is not immune to volatility

Global 36-hour interest-rate spree heralds first US cut of 2025

The standoff over Fed policy, pitting Trump’s strident calls for lower borrowing costs against Chair Jerome Powell’s concerns about tariff-driven inflation, hangs over the meeting

For the first time in decades, gold is beating US Treasuries in central banks’ vaults

For the first time since the 1990s, the world’s central banks, the 'banks of countries' now hold more gold than US government bonds.

MC Analysis: India’s gold reserves hit record high as central banks hedge dollar risk

RBI has dramatically raised its gold holdings, mirroring a worldwide pivot to safer, non-dollar assets

How trade disruptions, Israel-Iran conflict will affect global central banks' decisions next week

From Washington to London, wary officials in countries that account for two fifths of the global economy may display a collective sense of paralysis

Central banks are beginning to fret about dollar swap lines

Officials outside the US worry about what will happen when Jay Powell leaves the Fed

Who should have the final say over central banks?

In the US, President Donald Trump has consistently criticized the Fed

Can gold maintain its shine in 2025 amidst global turmoil?

The World Gold Council (WGC) suggests the peak may be behind us, predicting that gold could remain rangebound throughout 2025

Donald Trump’s victory sets up traps for central banks

The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off again

Trump's election win wreaks havoc on global rate-cut expectations

Trump has promised levies on US imports that would upend global trade, tax cuts that would further stretch the federal budget and deportations that could shrink the pool of cheap labor

Central bankers diverge on rates path ahead of Jackson Hole

Today, with inflation having come down but remaining above 2% targets, there’s more distance among the group as officials weigh the risk of price pressures remaining too high against the danger of tipping their economies into a downturn. For investors, it makes for a more volatile backdrop

Inflation is retreating, central banks are waiting and watching

Era of high policy rates could be nearing its end but is it enough to boost equities?

Climate change is pushing up food prices — and worrying central banks

Shifting weather patterns are reducing crop yields and squeezing supplies, creating what could become a permanent source of inflation

Moneycontrol Pro Panorama | Central bank buying keeps gold shining

In today's edition of Moneycontrol Pro Panorama: IPO boom continues, where are the defence stocks headed, dedollarisation may be a myth, equitable pay may spur economic growth, and more

No more excuses — central bankers need to get back ahead of the curve

The ECB and BoE should not wait too long before easing their policy stance

Nomura joins Goldman, JPMorgan in predicting Fed rate cut in July, sees global rate-cuts revving up

The brokerage's economists also pointed out that rate-cutting cycle picking up would make it easier for other central banks to follow and that this would be particularly relevant to the emerging markets (EM).

Central banks are buying gold and holding onto it, hedging all risks

Looked at through the eyes of an emerging market central bank, gold is something very special, an everything hedge. Central banks aren’t in it for the short term either: they don’t buy gold to trade. They are buying it for the long term to hedge political risk

What's behind the surge in gold prices?

The absence of ETFs and retail consumers in the market means that central bank and speculative buying are currently the primary drivers of gold prices.

Don't take central bank pivots for granted, say flash PMIs

The US Flash Composite PMI for December is at a 5-month high, putting it at odds with Powell’s recent ultra-dovish message

Have gold prices peaked? No, as multiple factors support the rally continuing

The bullish case for gold appears to be stronger compared to the bearish one, as a number of factors are backing an uptrend in the yellow metal

Irrational exuberance and central banks

We do not know whether irrational exuberance has led to high equity or home prices in India. However, we know that psychological sentiments are fuelling the Indian stock and housing markets. Both RBI and SEBI are acting and cautioning against this exuberance

The case for loosening is getting stronger

As inflation eases, central banks now find themselves at the most difficult point in the policymaking cycle

Gold rush of central banks scales record buying of 387 tonnes in H1 of 2023

The People’s Bank of China was the biggest buyer in H1 reporting an addition of 103 tonnes. China's gold buying continued for eight straight months at the end of H1. Its gold reserves totalled 2,113 tonnes at the end of June.

The three questions that investors should track in this news-filled week

There’s no dearth of market-moving news this week, with the US Fed decision, China’s stimulus or not, and signals from US earnings 

24 central banks will have digital currencies by 2030: BIS survey

The Swiss National Bank said in late June it would issue a wholesale CBDC on Switzerland’s digital exchange as part of a pilot, while the European Central Bank is on track to begin its digital euro pilot ahead of a possible launch in 2028.