Monetary Policy
Fed makes ‘technical adjustment’ to monetary policy
The move does not signal a change in policy stance, Powell says
DR Congo slashes rates to 9% from 14%
Central bank hopes period of relative stability will endure
Poloz tells lawmakers carbon tax is likely inflationary
The politically controversial policy could have a mixed impact on growth, the governor says
Turkish central bank defends reserves-boosting swaps activity
Swaps provide support for banks amid offshore Turkish lira liquidity squeeze, central bank says, after reports suggested the central bank was artificially pumping up its reserves figures
IMF researchers present guide to enabling negative interest rates
Exchange rate between cash and bank reserves is the “best approach”, researchers say
Argentina abandons free float as peso crisis continues
Central bank says it will now intervene, even within “non-intervention” band; action seems to have stabilised peso for now
Former Argentine governor dismisses stabilisation plan
Martin Redrado says monetary base targeting is unsustainable and insufficient to tame inflation
Emerging markets Argentina and Turkey: mission impossible?
High international debt exposures, large deficits and institutional frailty have fuelled capital outflows, weaker currencies and soaring inflation in Argentina and Turkey. Does the US Fed’s pause give the EM central banks reason for hope?
Ghana to maintain flexible exchange rate, says Addison
Governor confirms he stands by flexible exchange rate despite recent volatility
Understanding the Fed’s proposed reserves tool
The FOMC hinted at a tool for cutting reserves demand at its last meeting – the question is, why?
Ukraine embarks on easing cycle
Falling inflation allows National Bank of Ukraine to launch first rate cut in new easing cycle; forecasts depend on implementing IMF reforms
Canada’s Poloz says policy-makers ‘preoccupied’ with growth slowdown
Central bank expects weakness to be temporary, but cuts more hawkish wording
CBRT spooks markets by dropping tightening wording
Lira falls as central bank takes rate hike off the table
Riksbank surprises observers with fresh QE and dovish message
Swedish central bank extends QE programme and delays next rate hike
BoJ vows to continue ‘powerful’ easing for longer
Central bank promises low rates will last longer, and unveils raft of other measures
RBNZ faces communication challenges in new policy framework
Some observers think new monetary policy committee may add confusion, but Orr appears to be focusing on broader topics
Bank of Jamaica should reduce forex ‘footprint’ – IMF
“Further rate cuts” also necessary, the fund says