Tag: Central Banking
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Gold for Reserves Sparks Debate: Distorted Competition, Says Bright Simons
Context: What Gold for Reserves Aims to Do The Gold for Reserves initiative has been pitched as a strategic move to diversify currency reserves and strengthen macroeconomic stability. Proponents say it could improve resilience by broadening the assets central banks hold, while supporters emphasize long-term benefits for national savings. Yet as the policy rolls out,…
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Divisions at the Fed: Powell’s Legacy Teeters as October Minutes Signal Tough Road Ahead
Introduction: A Fed at a crossroads The latest minutes from the U.S. Federal Reserve Board’s October meeting reveal a central bank in flux. As Jerome Powell approaches the tail end of his second term, the board appears more divided, suggesting a potential policy shift or debate that could unsettle markets and challenge the consensus-driven approach…
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ECB’s Diversity Reckoning: A Leadership Overhaul at the European Central Bank
Introduction: A Pivotal Two-Year Transition at the ECB The European Central Bank (ECB) is at a historic inflection point. Over the next two years, a sweeping leadership transition will replace most of the executive board, including President Christine Lagarde. This period promises a profound recalibration of the bank’s governance, strategy, and culture as it continues…
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How the Philippines’ Central Bank Is Steering Climate-Resilient Finance
Introduction: A Financial System Prepared for Climate Change The Philippines faces increasing climate threats—from riverine floods to coastal storm surges. Recognizing that climate change is a systemic risk to the country’s financial stability, the Bangko Sentral ng Pilipinas (BSP) has positioned itself at the forefront of climate resilience. The central bank’s strategy blends risk management…
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Shirish Chandr Murmu Appointed RBI Deputy Governor
Shirish Chandr Murmu Appointed RBI Deputy Governor In a development that shapes India’s central banking landscape, the government announced the appointment of Shirish Chandr Murmu as the Deputy Governor of the Reserve Bank of India. The decision, taken after due process by the Appointments Committee of the Cabinet (ACC), grants Murmu a fixed term of…