Our Scans · (FS.1.02) Central Banking · Weekly Summary

• [New] The World Gold Council's Central Bank Gold Reserves Survey found 89% of reserve managers expect to increase gold holdings over the next twelve months, citing reserve diversification and protection against geopolitical risk. investing.com
• [New] A combination of softer inflation and weaker employment would strengthen the argument for patience from the Federal Reserve and could place further downward pressure on the US Dollar. / USA Paratus Wealth
• [New] The US macroeconomic backdrop has grown more complex, with inflation proving stickier than hoped and the Federal Reserve adopting an increasingly hawkish posture. BENDURA BANK AG
• [New] The weaker than expected US employment report has strengthened expectations that the Federal Reserve may remain patient on interest rates, providing fresh support to gold and silver. investing.com
• [New] Analysts said the latest figures could reduce pressure on the US central bank, the Federal Reserve, to raise interest rates next month, despite high inflation. BBC News
• [New] Investors expect the Federal Reserve to hold interest rates steady in September despite inflation concerns, while AI-related companies continue to show strong earnings growth. ST
• [New] Monetary policy will be a key factor in the future relative performance of European equities versus the US. BNP Paribas Asset Management - Switzerland English
• [New] Renewed US-Iran fighting has pushed oil prices higher, increasing the risk of further cost and interest-rate pressure. CPA | The Credit Protection Association
• [New] Inflation risks strengthened as higher energy prices and accelerating Chinese producer prices pushed bond yields higher, reinforcing expectations that major central banks will maintain restrictive monetary policy for longer. More News From NowHere
• [New] The emergence of privately issued stablecoins, now subject to comprehensive regulation by a major economy for the first time, is restructuring the architecture of global payments in ways that central bank frameworks neither fully anticipated nor have adequately addressed. ORF America
• [New] Bank Disintermediation Risk: If retail users hold direct claims on the Federal Reserve via a digital dollar, traditional commercial bank deposits could flight to safety during times of crisis, destabilizing the fractional reserve banking system. investing.com
• [New] The Federal Reserve has opted to hold its benchmark rate steady at recent meetings, and now it's possible that the Fed might raise rates as early as September. / Iran Bankrate.com
• [New] We expect one more rate hike from the European Central Bank in 2026, and see a risk of more tightening from the US Federal Reserve. Pictet Asset Management
• [New] The cleanest evidence is a Bank of England working paper, Geopolitical risk and cross-border bank lending, which finds that a one-standard-deviation rise in firm-level geopolitical risk cuts cross-border bank lending by roughly 4% within a year. Perspective on Risk
• [New] After falling to multi week lows earlier this week, bullion staged an impressive rebound as weaker-than-expected US employment data eased concerns over additional monetary tightening by the Federal Reserve. investing.com
• [New] In precious metals, gold moved sharply higher yesterday after weaker-than-expected US jobs data eased concerns that the Federal Reserve may need to raise interest rates in 2026. investing.com
• [New] The Central Bank of Bosnia and Herzegovina governor speaks about building resilience to counter geoeconomic shocks, strengthening reforms amid EU convergence, addressing stablecoin and NBFI risks, Sepa integration, and capacity building. Central Banking
• [New] Real estate experts anticipate modest, sustainable growth rather than a downturn, with existing home sales projected to increase by 2-14% in 2026, depending on interest rate movements. Houzeo

Last updated: 20 August 2026