Economics
Central Banks Boost Holdings of Equities Beyond $1 Trillion
- A quarter of central banks intend to keep buying stocks
- Data contained in new report from research group OMFIF
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Central banks increased their holdings of equities beyond $1 trillion last year as they sought to diversify their reserves away from low-yielding bonds, according to a survey to be published on Wednesday.
Monetary authorities boosted their allocation of equities to 10% of their reserves despite recent market volatility and a quarter of them said they plan to purchase more stocks in the next two years, research group OMFIF said.