Central bank news covering ECB, Bank of England, Bank of Japan, interest rate decisions, and global monetary policy developments.
Goldman Sachs reports that central banks are increasingly spreading gold reserves across multiple jurisdictions to reduce political and legal risks. While the Bank of England remains the most widely used foreign custodian, countries like China are actively seeking alternative centers such as domestic holdings or other international hubs.
Major mortgage lenders in Brazil are negotiating with the central bank to revise the 12% annual interest ceiling on housing loans. No formal proposal or deadline exists for changing the limit, which currently applies to SFH-qualified properties up to 2.25 million reais.
The Irish Times argues that European Central Bank warnings about overvalued US stocks are repetitive and unhelpful for investors. Citing a decade of similar alerts, the commentary contends that regulators highlight risks while investors must decide on action, suggesting time in the market beats timing based on such persistent but non-actionable forecasts.
The Indian Express argues that the Reserve Bank of India's Monetary Policy Committee faces a contradiction between its dovish public stance and hawkish internal minutes. It contends that negative real interest rates necessitate tighter policy to control inflation, suggesting rate hikes are likely despite recent stability.
The Bank of Korea argues for increasing gold reserves to mitigate geopolitical risks, adopting a new strategy that utilizes ETFs and domestic storage channels. This shift diversifies holdings away from traditional physical purchases stored at the Bank of England, aligning with global central bank trends.
Reserve Bank of India Deputy Governor Poonam Gupta stated that economic growth may reach close to 7% for the financial year ending March, exceeding the central bank's official 6.7% forecast. She based this optimistic estimate on expectations of a robust performance in the April-June quarter.
Eurozone cash in circulation surged to 1.6 billion euros in June 2026, driven by public anxiety over war, wildfires, and cyber-attacks. ECB data confirms rising stock levels while transaction volumes decline, reflecting a shift toward precautionary hoarding as digital payment concerns grow.
San Francisco Fed President Mary Daly discusses the impact of treasury buybacks, monetary policy, and inflation shocks. She outlines her perspective on how these factors influence current economic conditions and future Federal Reserve decision-making.
The Bank of Japan scheduled its July 2027 policy meeting for July 21-22, ensuring hawkish board members Naoki Tamura and Hajime Takata can vote before their terms expire on July 23. This move preserves the central bank's ability to deliver further rate hikes before a potential board reshuffle under Prime Minister Sanae Takaichi.
Deputy Economy Minister Jose Luis Daza stated that approving a bill for formal central bank independence would create a significant confidence shock for the Argentine economy. He emphasized that inflation is no longer a personal subject for him, citing solid fiscal accounts alongside the proposed monetary policy reforms.