Central Banks
SNB Foreign-Currency Reserves Rise to CHF 770.1 Billion in August as Growth Slows
The Swiss National Bank reported that its foreign-currency reserves increased to CHF 770.1 billion in August, up CHF 1.9 billion from July, marking the third straight monthly gain but showing a slowdown after a larger summer surge. Gold holdings also rose sharply, while official reserve assets excluding gold edged higher.
European Central Bank (ECB) is set to hike interest rates on Thursday
The European Central Bank plans to raise interest rates on Thursday, according to the latest information.
ECB Highlights Diversity Progress Since 2010
Dublin-based ECB outlines gender and broader inclusion milestones, research on promotion gaps, and institutional frameworks to align with Lagarde’s 2020 mandate.
Fed's Warsh says inflation is top focus, lifting September hike odds
Warsh told Jackson Hole that prices remain too high and the Fed may need to tighten if underlying inflation does not clearly move toward 2%.
Lagarde defends ECB rate hike as euro area inflation hits 3.3%
The ECB president said the rate increase is needed to contain inflation, which is 3.3% in the euro area, citing a longer-lasting energy shock and warning about AI valuations.
ECB raises key rates by 25 basis points as inflation risks remain elevated
The ECB lifted its three key rates by 25 basis points, citing Middle East conflict-driven energy inflation. Staff projections keep inflation above target until 2027 while growth is revised up.
European bond yields rise as ECB hike odds climb, oil prices surge
Bund yields near 3.36% as markets price a 25‑basis‑point ECB hike; Eurozone inflation hits 3.3% and oil benchmarks break $90 a barrel.
European bond yields rise, ending two‑day rally ahead of ECB meeting
German 10‑year Bund yields nudged up to around 3.36% as markets priced in a 25‑bp ECB rate hike, while euro‑zone inflation hit 3.3% in August and oil prices stayed above $90 a barrel.
Trump pushes Fed for rate cut, Turkey warns of risks
Analysis links President Trump's demand for lower Federal Reserve rates to Turkey's costly rate‑cut episode, highlighting potential credibility risks for U.S. monetary policy.
Dutch central bank shifts 86 tonnes of gold to London to boost liquidity
The Netherlands moved about 86 tonnes of gold from New York and Ottawa to the Bank of England, raising its London holdings to 32% of total reserves while keeping overall reserves at 612.4 tonnes.
US Treasury Prepares First Bond Buyback Under Stepped-Up Plan
Scheduled implementation of the Treasury's buyback program accompanies ongoing international developments and market shifts.
Warsh shadow rate gauges Fed stance, Citi says
Citi Research's Warsh shadow rate, built from Kevin Warsh's Jackson Hole remarks, tracks core inflation, money supply and jobless claims to anticipate 2‑year Treasury yields and Fed moves.
JPMorgan projects ECB third rate hike to 2.75% in December
JPMorgan forecasts a third ECB rate increase in December to 2.75%, a near‑certain second hike to 2.5% next week, and a policy pause through 2027, with cuts unlikely before 2028.
Bank of England’s Pill warns higher rates may be needed to curb inflation
Chief Economist Huw Pill signals a prompt rate hike could pre-empt persistent inflation risks, as markets price a 15% chance of a move this month and over 70% by November.
Canada 10-year yield falls as global bonds rebound
Canadian government bond yields eased after a broad recovery in global debt markets, with the 10-year yield slipping below 3.8% amid shifting rate expectations.
ECB's Schnabel in talks to take IMF role, may leave early
European Central Bank board member Isabel Schnabel is negotiating to head the IMF's Monetary and Capital Markets Department, potentially departing before her term ends. A departure would trigger a reshuffle of the ECB's leadership.
ECB seen raising rates once more in September before pausing: poll
Economists in a Reuters survey expect the European Central Bank to hike its deposit rate to 2.50% next week, marking its second increase in a brief tightening cycle. No further moves are anticipated through mid-2025.
Sweden's Riksbank flags uncertain inflation risks despite growth pickup
Sweden’s central bank governor says inflation pressures remain unclear even as GDP data points to a stabilizing recovery. The Riksbank will assess incoming data to guide policy decisions.
HSBC lifts U.S. Treasury yield forecasts on shifting Fed expectations
Bank raises two-year and ten-year yield projections for 2026 and 2027, citing rising odds of a September rate hike and persistent fiscal deficits.
Fed's Waller signals September rate pause if inflation cools further
Federal Reserve Governor Christopher Waller said the central bank could hold rates steady in September if disinflation continues, while market odds of a hike have swung. Treasury yields and inflation expectations adjust.
Fed's Waller signals openness to holding rates steady if inflation cools
Federal Reserve Governor Christopher Waller said he would support keeping interest rates unchanged at the September meeting if inflation data continues to trend toward the 2% target. Traders now price a roughly 50% chance of a hike.
White House urges Federal Reserve to cut interest rates, Vance says
Vice President JD Vance states administration seeks lower borrowing costs, citing supportive inflation data. Comments come as markets assess Fed policy outlook.
Fed’s Waller signals September rate pause if disinflation continues
Federal Reserve Governor Christopher Waller said a September rate hike remains possible but is not guaranteed, as policymakers await fresh inflation data. Treasury yields and equities reacted to his remarks.
Poland’s central bank seen holding rates through 2026
Monetary Policy Council member signals benchmark rate of 3.75% will remain unchanged at least through year-end, with no cuts expected in 2025. Inflation rose to 3.4% in August.
