Central Banks

The euro has lost its position as the second-largest reserve asset globally, with gold taking its place, the European Central Bank (ECB) stated in its 2025 annual review. The top European financial institution took notice of a surge in central bank purchases and record-breaking prices of the yellow...

The global gold market is experiencing a seismic shift as it grapples with the sensitive $2,000 per ounce threshold. A recent report from the World Gold Council reveals a significant change in buyer behavior, primarily driven by central banks’ actions and jewelry demand. For a clearer view...

Emerging economies face heightened financial risks due to cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), according to a study by the Bank for International Settlements (BIS), a prominent global central bank consortium. Despite some proponents advocating for digital assets...

Noted economist Mohamed A. El-Erian has sparked a discussion over the Federal Reserve’s accountability and policy formation process. In a recent tweet, El-Erian suggested that the Federal Reserve should follow the Bank of England’s example and conduct a similar external review. What...

Global markets experienced a dramatic increase in volatility in the last hours of trading in New York on Thursday followed by a gradual reversal, resulting in a fresh bullish session for both equities and bonds on Friday. But what does the Bank of Japan have to do with all of this? The wild market...

An association of global central banks expressed doubt to the finance ministers of the world's 20 biggest economies about cryptocurrency's suitability as a financial instrument due to "intrinsic structural defects." What Happened: The Bank for International Settlements (BIS) wrote...

The Bank for International Settlements (BIS) has rolled out a new security and resilience framework aimed at protecting Central Bank Digital Currencies (CBDCs) from the ever-evolving landscape of cyberthreats. Developed by the BIS Innovation Hub Nordic Centre, the Polaris framework is a response to...

Financial services giant Mastercard Inc (NYSE: MA) is making strides in the blockchain technology space with the unveiling of its Mastercard Multi-Token Network (MTN), which seeks to have secure, scalable and interoperable transactions within the digital asset and blockchain...

The four major global central bankers — Fed Chair Jerome Powell, European Central Bank Governor Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Japan Governor Kazuo Ueda – convened in Sintra, Portugal, for the ECB Forum on Wednesday. While the BoJ’s Ueda stuck to his...

Negative news flows are trickling out of Europe ahead of Wall Street's opening bell on Wednesday. All European stock indices traded deeply in the red, as investors panicked after a fresh acceleration of inflation in the U.K. and a deadlock in U.S. debt limit discussions. What Happened...

In the clearest hint yet that last month's financial market volatility is mostly over, the world's top central banks have decided to reduce the frequency of their dollar liquidity operations with the U.S. Federal Reserve beginning in May. After consulting with the Federal Reserve, the Bank...

Equities and other risk assets will take a hit when central banks pull away as much as $800 billion of stimulus that was deployed to boost the global economy, a Citigroup strategist reportedly said. The risk rally has been fueled by the injection of over $1 trillion of central bank liquidity, and...

Bitcoin (CRYPTO: BTC), the world's largest digital currency, has seen a gain of nearly 72% this year giving it a market value of $542 billion. That's its best quarterly gain in two years, according to CoinDesk. Just three months ago, some experts were mulling the possibility of Bitcoin...

Key industry leaders have come up in arms against the International Monetary Fund’s (IMF) statement that cryptocurrencies in general should not be granted legal tender status, saying central banks the world over are losing their grips on world finance. Leaders say a blanket ban...

When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...