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Dan Hinge

@danhinge.bsky.social
1.3K followers 744 following 525 posts

Benchmarks editor at Central Banking - covering economics, data and the BIS. Short stories published by Liars' League and Every Day Fiction 📚📰🚲🍲🏃🥾 Signal: @danhinge.89 www.centralbanking.com/author/danie…

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Reposted by Dan Hinge
Dom White @domw.bsky.social · 14/09/2026
I'm not sure who needs to know this, but the Fed now splits out hedge funds as an institutional class in the Flow of Funds report. So we can now see just how important they've been as buyers of US Treasurys and the answer is ... meh.
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Dan Hinge @danhinge.bsky.social · 30/07/2026
True!
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Dan Hinge @danhinge.bsky.social · 30/07/2026
TBF I haven't heard of this strategy for a while, but yes, a few such cases. Going back further there was the bear squeeze in Bretton Woods
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Dan Hinge @danhinge.bsky.social · 30/07/2026
Yeah I think that's the general idea, just make things more difficult and make investors sweat if the put on too many one-sided bets. Ofc that only works if the macro fundamentals are roughly in line
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Dan Hinge @danhinge.bsky.social · 30/07/2026
Not quite the same thing but I believe there are examples where central banks (Peru?) have deliberately injected volatility into FX markets to make traders think twice before placing any bets
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Dan Hinge @danhinge.bsky.social · 30/07/2026
Trouble is, the CBRT's method was to use open market operations, which worked fine until Erdogan figured it out. Trying to fool markets into tightening without any action by the central bank is not going to work, for the reasons Rob states.
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Dan Hinge @danhinge.bsky.social · 30/07/2026
Great stuff from @robarmstrong.bsky.social. I wonder if Warsh is trying something akin to the 'Turkey model' (CBRT circa 2015) - i.e. leaving the policy rate alone to please political masters and meanwhile manipulating market rates to be tighter. www.ft.com/content/fe3f...
ft.com
Kevin Warsh is confusing markets
The Fed is a player, not a referee
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Dan Hinge @danhinge.bsky.social · 25/06/2026
Great, thank you!
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Dan Hinge @danhinge.bsky.social · 25/06/2026
Surprised to find myself in the top 10% of the FT stockpicking game, with my ESG themed portfolio, "Friedman's nightmare". Games Workshop doing a lot of heavy lifting...
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Dan Hinge @danhinge.bsky.social · 25/06/2026
This is very cool (excuse the pun) - can you share any more detail on what you did? We recently bought a terraced house in Oxford and while we're just about managing with passive cooling, it definitely needs some upgrades
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Dan Hinge @danhinge.bsky.social · 24/06/2026
Excellent reporting by Jen here. Being able to weave a narrative might help Labour sell some of the good things it has done in government (and paper over the dodgy bits). But the flip-floppery is worryingly Starmer-esque. www.ft.com/content/9949...
ft.com
The decade that made Andy Burnham
What 10 years covering the Manchester mayor’s many reinventions taught me about the man who wants to lead Britain
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Dan Hinge @danhinge.bsky.social · 23/06/2026
@thomas-chow.bsky.social interviewed Sharon Donnery and the ECB has now published the text if you want a free version - one of main things she emphasises is that Europe is diverging from the US on bank regs, though still looking to simplify them www.bankingsupervision.europa.eu//press/inter...
bankingsupervision.europa.eu
Interview with Central Banking
European banking supervisors contribute to keeping the banking system safe and sound. European banking supervision comprises the ECB and national supervisors of the participating countries.
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Reposted by Dan Hinge
Andrew Sissons @acjsissons.bsky.social · 21/06/2026
It seems to have become commonplace to blame net zero for Britain’s high energy bills and/or weak job market… … and I guess I’ll have to explain again why there is very little evidence of this. Britain has plenty of economic problems; net zero is not high on that list (though climate change is) 🧵
giftarticle.ft.com
Ed Miliband would be ‘noose around neck’ of job creation as chancellor, union boss warns
Comments by Sharon Graham come as Burnham team explores key government appointments
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Dan Hinge @danhinge.bsky.social · 16/06/2026
"What's that on the desk?" "Oh, just a letter from Jay Powell. We get a lot of those."
Letter from Jerome Powell thanking Central Banking for his Governor of the Year award
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Dan Hinge @danhinge.bsky.social · 08/06/2026
This book about Bagehot is quite peculiar and explores all sorts of miscellaneous details of his life, but succeeds in its mission of painting a detailed portrait of a remarkable person. Was fun to read and review: www.centralbanking.com/central-bank...
centralbanking.com
Book notes: Walter Bagehot: life and legacy, by Janet Seaton and Barry Winetrobe - Central Banking
This slim biography succeeds in its mission of painting a portrait of a remarkable man
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Dan Hinge @danhinge.bsky.social · 04/06/2026
So, our HR team says publishing the salary band is best practice and we will be doing this in future. Unsure on exact timelines but the policy should change this year. HQ is in Paris so we'll be complying with the incoming EU rules.
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Dan Hinge @danhinge.bsky.social · 04/06/2026
Not sure. It's a good question - will query this internally.
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Dan Hinge @danhinge.bsky.social · 04/06/2026
It's an unusual role - a mix of data analysis, reporting (short and long form) and working with central banks on tailored reports. We're growing fast, so the role is likely to evolve. Journalism and/or data experience is optional but helpful, interest in economics essential.
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Dan Hinge @danhinge.bsky.social · 04/06/2026
Come work with me! We're looking for a data reporter (/analyst) to work on CB benchmarking apply.workable.com/infopro-digi...
apply.workable.com
Data Reporter - Infopro Digital Services Limited
Infopro Digital, the B2B group specialising in information and technology, is currently looking for a Data Reporter / Analyst on a permanent contract to strengthen the team at its Central Banking enti...
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Dan Hinge @danhinge.bsky.social · 28/05/2026
Our podcasts have been resurrected by my colleague Joasia, who is doing a new series of Tech Talk. So far: Genius act risks and AI use in central banks soundcloud.com/cb-on-air
soundcloud.com
CB On Air
Podcasts from the Central Banking team
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Reposted by Dan Hinge
Rob Ford @robfordmancs.bsky.social · 28/05/2026
Potentially a very big deal. Changing the Westminster electoral system would fundamentally change our politics. Lesson from other countries is also that once FPP has been ditched it is unlikely to be brought back.
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Reposted by Dan Hinge
Rob Klose @robklose.bsky.social · 28/05/2026
As seen in Oxford! 🤣
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Dan Hinge @danhinge.bsky.social · 26/05/2026
Indeed! One to save for your next pub quiz
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Dan Hinge @danhinge.bsky.social · 26/05/2026
Pretty remarkable story we have today of Georgia's central bank teaming up with Tether to launch a lari stablecoin. Details scant currently on how exactly this will work, but it's a very interesting partnership (with quite a tech-savvy central bank): www.centralbanking.com/fintech/7975...
centralbanking.com
National Bank of Georgia to launch stablecoin with Tether - Central Banking
Governor Turnava welcomes investment at regulatory framework launch
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Reposted by Dan Hinge
ironeconomist.bsky.social @ironeconomist.bsky.social · 19/05/2026
Ok, so, a scenario no one in macro is talking about re oil and Iran is: what if consumers aren’t stupid and front run the expected shock. Then we will see a spike in saving, loss of consumption, and a classic General Theory type demand led recession.
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Dan Hinge @danhinge.bsky.social · 18/05/2026
Short summary of the lessons: money is hierarchical; fiscal dominance is bad; the central bank hoarding reserves in a global liquidity crunch is a bad idea; and cutting the money supply impacts the economy. Mostly well known but interesting to see them all set off by a geopolitical crisis!
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Dan Hinge @danhinge.bsky.social · 18/05/2026
Enjoyed writing this one: www.centralbanking.com/central-bank...
centralbanking.com
Battle of Trafalgar holds lessons on global liquidity – CEPR paper - Central Banking
Newly formed BdF struggled to cope with sudden loss of access to dominant currency
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Dan Hinge @danhinge.bsky.social · 15/05/2026
This is an incredible story and must have been hugely satisfying to write after several difficult legal battles www.ft.com/content/edbe...
ft.com
Crispin Odey and the £79mn libel battle that wasn’t
A legal fight revealed the disgraced financier’s thinking — and fresh allegations of misconduct
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Reposted by Dan Hinge
Alex Selby-Boothroyd @alexselbyb.bsky.social · 06/05/2026
Stagflation www.economist.com/britain/2026...
Chart from The Economist showing an increase in deer populations in Britain from 1995 to 2025
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Reposted by Dan Hinge
Dan Neidle @danneidle.bsky.social · 29/04/2026
UK tax is going to be the highest since 1945. But public spending won't increase; in fact most of us will experience a decline in public services. Here's why - in a thread that I'd love to be completely wrong.
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Dan Hinge @danhinge.bsky.social · 27/04/2026
I wrote about the ways central banks are getting better at handling risk in monetary policy-making www.centralbanking.com/benchmarking...
centralbanking.com
Dark corners: the renewed push for risk-based monetary policy - Central Banking
Central banks are still struggling to perfect models, scenario analysis and risk communication
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Dan Hinge @danhinge.bsky.social · 21/04/2026
Text of the speech here: www.bok.or.kr/eng/bbs/E000...
bok.or.kr
Inaugural Address by Governor Hyun Song Shin
Inaugural Address(April 21, 2026) by Governor Hyun Song Shin.   * Please see the attached file for details.
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Dan Hinge @danhinge.bsky.social · 21/04/2026
Very interesting inaugural speech from Shin as BoK governor. Planning big things - more focus on financial stability (very BIS-flavoured) and more won internationalisation, as well as an overhaul of how the central bank operates. www.centralbanking.com/central-bank...
centralbanking.com
Shin promotes novel approaches in inaugural address at BoK - Central Banking
Ex-BIS chief economist formally appointed head of South Korean central bank
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Dan Hinge @danhinge.bsky.social · 13/04/2026
Really helpful, thanks! Just about to begin a new L-shaped kitchen design. Currently grappling with a shortage of storage space as well as a badly optimised layout so lots to think about...
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Reposted by Dan Hinge
Joseph Cotterill @jsphctrl.ft.com · 08/04/2026
“Once... Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions”: www.ft.com/content/02ae...
ft.com
Iran demands fees for ships passing Hormuz during ceasefire
Oil exporters’ union says fees to be paid in cryptocurrency and vessels monitored for weapons
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Reposted by Dan Hinge
Gerry Canavan @gerrycanavan.bsky.social · 06/04/2026
Adam Roberts follows up on my Redshirts post from last week with one of his own: latestartrek.substack.com/p/star-trek-...
latestartrek.substack.com
Star Trek: Attrition Rates
The Trekkie shirt is deepest red/It shrouded oft our martyred dead
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Reposted by Dan Hinge
Dr Stylite @columnist.bsky.social · 02/04/2026
Further to a conversation last night, can AI write a ‘locked room’ mystery story (eg Benoit Blanc etc etc)?
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Dan Hinge @danhinge.bsky.social · 01/04/2026
Central clearing not exactly popular either: "firms emphasised that existing access barriers, operational constraints and cost considerations made central clearing unfeasible or uneconomical for most market participants"
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Dan Hinge @danhinge.bsky.social · 01/04/2026
"Most respondents were not supportive of the potential introduction of minimum haircuts..." Astonishingly, the hedge funds want to keep their leverage. www.bankofengland.co.uk/paper/2026/d...
bankofengland.co.uk
Enhancing the resilience of the gilt repo market – discussion paper feedback statement
This feedback statement provides a summary of the responses to the September 2025 discussion paper ‘Enhancing the resilience of the gilt repo market’ and outlines how the Bank intends to progress this...
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Dan Hinge @danhinge.bsky.social · 30/03/2026
Also: doesn't the US government have a problem getting people to hold Treasuries? Why are they so keen for the Fed to release more into circulation?
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Dan Hinge @danhinge.bsky.social · 30/03/2026
Kinda weird to me that Miran wants to try all sorts of gimmicks to allow the market to cope with $2tn less reserves, but doesn't want the Fed to go back to a scarce reserve framework www.centralbanking.com/central-bank...
centralbanking.com
Shrinking Fed’s balance sheet a ‘solvable challenge’ – Miran - Central Banking
Central bank can shed $2 trillion off ledger without hitting scarce reserves threshold, governor says
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Reposted by Dan Hinge
Duncan Weldon @duncanweldon.bsky.social · 28/03/2026
www.ft.com/content/4f09... Genuinely hard to overstate how much of a strategic defeat it would be for the United States if the war ends with effective Iranian control of the Strait.
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Hannah Fearn @hannahfearn.bsky.social · 24/03/2026
Are you a young person who wants to be a journalist? Go from built environment and housing expertise to... anywhere you want! I went up to comment editor of 2 national newspapers (and now do all sorts for everywhere) Here's your brilliant first step: www.journoresources.org.uk/job/ibp-summ...
journoresources.org.uk
IBP Summer Internship Scheme 2026 - International Building Press
Pays National Living Wage or London Living Wage (if in London).
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Reposted by Dan Hinge
Giles Wilkes @gilesyb.bsky.social · 23/03/2026
I am beginning to wonder if this is a big error. This is not 2022, there isn't a gallon-load of demand-fuel in the system, history doesn't always repeat or even rhyme. Policy needed tightening then becaus NGDP growth was way outside its good range. Now it is where it should be ...
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Dan Hinge @danhinge.bsky.social · 16/03/2026
She always seemed happy outside of policy roles so that's a surprise too. But I guess it's a whole organisation pretty much solely devoted to her research question, so must be fairly appealing...!
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Dan Hinge @danhinge.bsky.social · 16/03/2026
I guess somewhat - though I knew Shin was retiring and she's an obvious candidate to replace him. Did you know it was on the cards?
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Dan Hinge @danhinge.bsky.social · 16/03/2026
Here's an interview I did with her in 2024 about her research into equity markets as a key driver of the global financial cycle www.centralbanking.com/central-bank...
centralbanking.com
Hélène Rey on cracking the code to the global financial cycle - Central Banking
The dollar and financial cycle move together. For the first time, economists think they know why
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Dan Hinge @danhinge.bsky.social · 16/03/2026
Helene Rey is taking over from Hyun Shin at the BIS www.bis.org/press/p26031...
bis.org
Hélène Rey appointed as Economic Adviser and Head of Monetary and Economic Department
Hélène Rey, Professor of Economics at London Business School, appointed as Economic Adviser and Head of the Monetary and Economic Department of the BIS. Ms Rey is appointed for a five-year term, effec...
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Justin Wolfers @justinwolfers.bsky.social · 13/03/2026
HUGE (and GOOD) news: Federal court has thrown out the President's attempt to throw the Fed Chair in jail.
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Dan Hinge @danhinge.bsky.social · 12/03/2026
Eddie Yue and the fraudster bananas - www.centralbanking.com/awards/79752...
centralbanking.com
Communications initiative: Hong Kong Monetary Authority - Central Banking
Innovative campaign supported by top leadership has helped counter rising levels of financial scams
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