Central Banks
SNB’s Martin says strong bank capital buffers not a competitive drawback
Swiss National Bank Vice Chairman argues robust capital levels help domestic banks weather downturns and gain market share from weaker peers.
Brazil’s Flavio Bolsonaro proposes public debt ceiling if elected
Senator Flavio Bolsonaro’s campaign plans to introduce a constitutional debt ceiling that would trigger spending caps if gross public debt exceeds 65% of GDP. Adviser Adolfo Sachsida outlines the proposal amid Brazil’s rising debt burden.
ECB officials alarmed by U.S. policy shifts at Jackson Hole
European central bankers cite U.S. Treasury interventions and debt strategy changes as signs of rising transatlantic policy friction. Fed swap lines remain secure, officials say.
Wall Street banks clash over Fed’s GSIB capital surcharge reform
JPMorgan and Bank of America warn of $22 billion in lost capital relief as Goldman Sachs and Morgan Stanley stand to gain. Fed faces mounting pressure ahead of 2027 House oversight shift.
UAE probes Banque Misr UAE after U.S. blocks dollar clearing over Iran ties
Central Bank of UAE launches urgent review of Egypt’s state-owned lender’s Emirati operations following U.S. action citing alleged Iranian financial channel links. Investigation covers transactions over the past two years.
Warsh at Jackson Hole: Fed keeps September rate hike in play, prioritizes inflation
Fed policymaker Kevin Warsh signals readiness to raise rates if inflation fails to cool, while Truist Wealth warns of shifting market dynamics. Treasury yields flatten on hawkish tone.
Boston Fed's Collins signals near-term rate hike if inflation progress stalls
Boston Federal Reserve President Susan Collins warns rates may need to rise soon if sustained disinflation evidence fails to materialize. Her remarks precede a key Fed symposium.
Boston Fed's Collins signals near-term U.S. rate hike unless inflation keeps falling
Fed official warns rates may need to rise soon if sustained disinflation evidence fails to materialize despite recent progress.
Jackson Hole focus shifts to who bears the cost of rising U.S. deficits
Annual Fed gathering examines fiscal dominance risks as budget gaps exceed 4% of GDP for five straight years. Central bank independence and inflation history frame the debate.
Druckenmiller criticizes US Treasury plan to suppress bond yields
Investor Stanley Druckenmiller argues that government efforts to artificially lower long-term U.S. Treasury yields will fail, citing a long-standing principle that markets ultimately prevail. The criticism comes as yields hit multi-decade highs amid rising debt and investor demand for higher compensation.
Brazil’s central bank to auction $1 bln spot FX and reverse swap on Thursday
The Banco Central will conduct two simultaneous auctions totaling up to $2 billion, aiming to tighten dollar liquidity and stabilize the exchange rate.
SNB official urges expansion of countercyclical capital buffer for banks
Antoine Martin, SNB vice president, highlights the need for higher capital reserves to bolster financial stability amid debates over tighter bank oversight in Switzerland.
Hungary reaffirms 2030 euro adoption target despite higher deficit
Finance Minister András Kármán says Hungary remains committed to joining the eurozone by 2030 despite the government projecting a 7.5% budget deficit for 2026, up from earlier forecasts.
Hungary’s central bank cuts key rate to 5.5% in third consecutive move
The National Bank of Hungary lowered its benchmark interest rate by 25 basis points, citing a decade-low inflation reading of 1.2% in July. Governor Mihaly Varga signaled scope for further quarter-point reductions.
Hungary’s central bank cuts key rate to 5.5% in third straight move
National Bank of Hungary reduces benchmark rate by 25 bps amid slowing inflation and currency appreciation. Governor Mihaly Varga to hold briefing on policy outlook.
U.S. Treasury buybacks near $4 bln fuel bond rally, CTA short squeeze seen
Long-term Treasury purchases by Scott Bessent's team coincided with a 10-basis-point drop in 30-year yields after a 19-year high. Analysts warn of potential financial repression and fiscal risk compensation.
U.S. debt surge reshapes bond market expectations amid rising rates
Total U.S. debt surpasses $40 trillion as deficits near 6% of GDP, prompting bond investors to reassess long-term borrowing costs and fiscal sustainability.
Global yields steady as U.S. Treasury liquidity plan eases debt supply
Benchmark borrowing costs retreated after Washington's plan to use $940 billion in cash reserves to fund bond buybacks eased oversupply concerns. Brent crude fell as sanctions on Tehran underwhelmed.
Global bond yields ease as sanctions threat fizzles and Treasury cash plan gains traction
U.S. and European sovereign yields retreated as a widely anticipated sanctions package against Tehran failed to materialize, while a potential Treasury cash drawdown to fund bond buybacks eased supply concerns.
ECB’s Schnabel urges blockchain adoption to preserve monetary policy role
ECB board member Isabel Schnabel argues at Jackson Hole that tokenized central bank money could enhance policy flexibility and counter private digital currencies. Two ECB projects, Pontes and Appia, are cited as steps toward integration.
BoE’s Bailey says second-round inflation effects remain subdued
Bank of England Governor Andrew Bailey signals limited domestic inflation pressure despite energy market volatility. Markets price one rate hike by year-end.
ECB's Schnabel urges central banks to adopt blockchain for tokenized finance
Isabel Schnabel argues central bank money must underpin tokenized finance to ensure stability, reduce fragmentation in euro area markets and modernize monetary policy.
Brazilian DI rates rise as Warsh signals Fed inflation vigilance
DI futures climb after Federal Reserve’s Warsh says ‘work remains’ on U.S. inflation, lifting bets on tighter policy. Producer prices in Brazil fall 0.83% in July.
Warsh opens keynote at Jackson Hole symposium amid policy debate
Federal Reserve Chair Kevin Warsh signals Fed’s evolving stance on financial innovation and payments policy as core inflation remains above target. Regional Fed presidents dissent on interest-rate stance.