The Once Uber-Dovish ECB Continues QT, Shed €66 Billion in March, Has now Shed 50% of QE Assets since Peak by Wolf Richter • Apr 9, 2026 • 13 Comments Marking its gold to market every quarter (unlike the Fed), the ECB booked another big write-up of its gold holdings in Q1.
Bank of Japan Accelerated QT Further, Started Selling Equity ETFs & J-REITs, Shed 12.6% of its Assets since the Peak by Wolf Richter • Apr 7, 2026 • 12 Comments BOJ tries to put a floor under the yen and a lid on inflation through QT, rather than with rate hikes.
Status of US Dollar as Global Reserve Currency: USD Share Drops to 31-Year Low as Central Banks Diversify into Other Currencies & Gold by Wolf Richter • Mar 28, 2026 • 81 Comments The spike of the “non-traditional reserve currencies.”
Bank of Japan’s QT Cuts $502 billion from Balance Sheet. JGB Yields Surge as BOJ Steps away from Bond Market by Wolf Richter • Jan 6, 2026 • 22 Comments Japanese Government Bond 10-year yield rose to 20-year high of 2.13%, 30-year yield hit 3.50%.
Services Inflation Accelerates Further in the Euro Area, Drives Overall & Core CPI Higher by Wolf Richter • Dec 2, 2025 • 20 Comments Services inflation was on the ECB’s worry-list when it kept rates unchanged for the third meeting in a row.
Amazing How Central Bank Money-Printing Reversed around the World after the Inflation Shock by Wolf Richter • Nov 27, 2025 • 80 Comments Balance sheets of the Fed, ECB, BOJ, BOE, and central banks of China, Canada, Australia, Switzerland, and India as % of GDP.
Amazing How the Money-Printing World Has Reversed by Wolf Richter • Oct 9, 2025 • 77 Comments Balance Sheet as % of GDP: Fed, ECB, BOJ, BOE, and Central Banks of Canada, Australia, New Zealand, and Sweden
ECB’s QT Has Knocked €3.28 trillion off its Balance Sheet (far More than the Fed’s QT) and Accelerated QT Further this Year by Wolf Richter • Oct 8, 2025 • 52 Comments Gold mark-to-market quarterly adjustment: +€158 billion for Q3 on gold’s price spike, largest ever write-up.
Bank of Japan Balance Sheet QT Accelerates: -$148 Billion in Q3, -$407 Billion fr. Peak. Will Sell ETFs, REITs. Sold all Bank Stocks by Wolf Richter • Oct 7, 2025 • 40 Comments Its holdings of commercial paper & corporate bonds are nearly gone. The BOJ is cleaning up its balance sheet.
Status of US Dollar as Global Reserve Currency: USD Share Plunges to Lowest since 1994, as USD Exchange Rates Tank, Central Banks Diversify by Wolf Richter • Oct 2, 2025 • 51 Comments The rise of the “non-traditional reserve currencies.”
