Central Banks
China's FX reserves slide to lowest since 2011
Latest PBoC figures show a drop of $45.7 billion in October to $3.12 trillion
Renminbi's share of payments rises slightly in September
Swift finds 57 countries have crossed the 10% threshold for direct payments in the renminbi
Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
IMF amends calculation of special drawing rights basket
Exchange rates for SDR will be obtained from a commercial provider by the Bank of England so the method is more “robust”
Renminbi's global share of payments slides
China's currency holds fifth place globally, but overall share shrinks again, Swift says
BIS: EM central banks up FX intervention to preserve stability
Maintaining financial stability shown to be increasingly important for EM central banks operating in FX markets
Covered interest parity anomaly signals trouble ahead if volatility picks up
Since the financial crisis, a persistent breakdown of covered interest parity signalled an anomaly in the market. Over the last two years the phenomenon has accentuated and policy-makers should not dismiss its meaning, warns the BIS
Bank of England lays out blueprint for RTGS reboot
“Comprehensive rebuild” of the payments platform will retain many core features while boosting resilience and functionality
IMF commends China for liberalisation steps
The Fund notes that achieving an effective float for the renminbi by 2018 remains a key goal
Renminbi use in South Africa surges
Payments in the currency soar by 65% over the past year
MAS looks to overhaul payment systems
City state has access to some of the most advanced payment systems, but cash and cheque usage remains high
Bank of England cuts rates and expands QE
UK central bank cuts borrowing costs, expands quantitative easing and announces £100bn funding for lending scheme
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
Global renminbi adoption slows in June
Decline continues in the internationalisation of China's currency, overtaken by the Canadian dollar in payments by value
Policy divergence to remain a theme for two more years
Some currency pairs could go lower if the Fed's hopes for a rate increase materialise, says Wells Fargo analyst
BoE holds interest rates but hints at action in August
Sterling extends gains as the central bank awaits more economic data from the referendum aftermath
Renminbi adoption in US slows in May
A decline of 1.6% from a year ago highlights the slowdown in the Chinese currency's internationalisation
CFETS likely to include won and rand in RMB Index
Following CFETS's approval of direct trading on the interbank FX market, the two currencies could soon be included in the basket directly linked to the renminbi
Renminbi is more flexible and market-based, says IMF
Fund praises the progress made by China's authorities in giving markets greater influence over its currency
House prices complicate outlook as RBNZ holds
Central bank caught between strong New Zealand dollar and rising risks in the housing market; keeps rates on hold
Strong dollar behind economic paradigm breakdown – Shin
BIS head of research points to failure of covered interest parity post-2008, with the strength of the US dollar correlated with the size of market anomalies