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

• [New] On innovation, the Federal Reserve has emphasized a transparent, risk-focused approach that supports responsible technological advancement while reinforcing core supervisory principles. Board of Governors of the Federal Reserve System
• [New] In June, the European Central Bank increased interest rates for the first time since 2023, and traders think the Bank of England will also hike the base rate in 2026. Fidelity UK
• [New] Global central bank tightening is a risk that could push yield curves higher across the world. Loomis Sayles
• [New] The $67 B Debt Load: With a 31.6% debt-to-equity ratio, IBM's balance sheet is more levered than the S&P 500 average; watch for interest rate spikes that could squeeze R&D funding. Bingx Exchange
• [New] The FCA and the Bank of England are working together on stablecoins and will consult later in 2026 on how FCA rules will apply when a stablecoin issuer is recognised as systemic by HM Treasury. FCA
• [New] The Bank of England has signalled the need for more sophisticated regulation to manage the financial stability risks posed by increasingly autonomous agentic AI systems. FTI Strategic Communications
• [New] Enduring central bank demand and policy shifts in key markets like India are additional wildcards that could subtly influence gold's path in the second half. World Gold Council
• [New] Any indications from the Federal Reserve regarding monetary policy adjustments could play a role in shaping future Bitcoin price movements. Crypto Briefing
• [New] Gold remains about 15% below its pre-war level, as investors balance geopolitical risks against expectations that persistent inflation and resilient US economic data could delay interest-rate cuts. MUFG Research
• [New] As expected, the Bank of England kept the repo rate at 3.75%. / USA investing.com
• [New] The Bank of Canada announced today that it will be keeping its key interest rate of 2.25% based on current economic conditions. LinkedIn
• [New] The monetary policy response of the Federal Reserve will likely be to fight AI-driven deflation aggressively. Abundanist: A Post-Scarcity Community
• [New] With the Federal Reserve frozen by near-term inflation and growth stalling, expect the 10-year yield and mortgage rates to drop when a deal happens. / Iran Bankrate
• [New] Lower oil prices following the easing of tensions between the US and Iran have reduced inflation risks and lowered the likelihood of more aggressive rate hikes by the Bank of England. investing.com
• [New] A large majority of central-bank respondents expect global gold reserves to increase over the coming year, while a meaningful share expect to add to their own holdings. investing.com
• [New] The Fed will continue on a gradual rate-cut path in 2027, but the overall downward pace of interest rates will be significantly slower than projected in March, as sticky inflation prevents officials from easing rapidly. tradingkey.com
• [New] A stable or declining inflation expectation, particularly over the longer term, often favors the domestic currency as it could imply a lower likelihood of aggressive monetary policy tightening by the Federal Reserve. / USA AIMS
• [New] Adding to the dollar's appeal is the expectation that hotter inflation will persuade the Federal Reserve to raise interest rates, boosting the attractiveness of U.S. dollar cash equivalents. investing.com
• [New] The Prudential Regulatory Authority strengthened its supervisory expectations on large UK banks and insurers for how they assess and manage risks related to the Net Zero transition and climate impacts. Climate Change Committee
• [New] China's central bank will create a repurchase arrangement for foreign central banks to offer them greater access to renminbi liquidity, in a move experts say is likely to boost sovereigns' appetite for Chinese debt. Central Banking
• [New] If the Fed raises rates in 2026 while the Bank of England keeps them on hold, the divergence in monetary policy will push down the GBPUSD exchange rate and accelerate UK inflation. investing.com
• [New] If the Federal Reserve eventually shifts toward a more accommodative stance, it could increase liquidity flows into risk assets, including Bitcoin. investing.com
• [New] As expected, the US Federal Reserve kept rates on hold (Fed funds target range of 3.5% -3.75%). Royal London Asset Management

Last updated: 09 July 2026