Central Banks
China FX reserves rebound for first time in eight months
PBoC figures show a rise of $6.9 billion in February, pushing the total above $3 trillion
Renminbi's share of global payments slides
China's currency holds sixth place globally, but its overall share continues to shrink, Swift says
SNB risks friction with US due to FX policy
Switzerland could face being labelled a currency manipulator as the Trump administration takes aim
Saxo simplifies cross-border payments with virtual IBAN
Avoiding the need for multiple accounts in various jurisdictions
Use of renminbi for payments drops in 2016
Swift blames the slowing economy, a more volatile currency and capital restrictions
China’s FX reserves fall again in December, but decline slows
Latest PBoC figures show a drop of $41 billion in December to $3.01 trillion, the sixth consecutive month of decline
Renminbi faces depreciation pressure in early 2017
Chinese currency continues to fall against the US dollar in the first trading days, as Beijing seeks to slow capital outflows
Lagarde guilty of negligence, court rules
IMF chief found guilty of negligence, but escapes punishment
Gain Capital launches money transfer service
New service allows customers to transfer 20 currencies to 200 countries
Renminbi's share of trade finance slips
Euro overtakes the redback, but all currencies fall in value, according to Swift
RBNZ cuts rates to record low as Kiwi strength weighs on inflation
Board reaffirms move in light of Donald Trump's victory, but the cut has been on the cards for some time
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