Monetary Policy
Media relations, social media and website are top comms tasks
International communications, museum visits and speechwriting rank least
Bank of Russia holds rates
Nabiullina hints at significant fiscal change and says “inflationary pressure” remains
Press releases, conferences and website are top external channels
Email remains main tool for internal communications among central banks
One in five communications teams use AI for their work
Data suggests uses of AI are still at an initial stage among communications departments
Pakistan holds interest rate ahead of IMF loan review
Central bank says inflation remains high even after dropping in March
Research probes US consumers’ dislike of inflation
People prefer inflation close to zero but may misunderstand the underlying processes, studies find
Thai prime minister tells lenders to cut interest rates
Move comes amid continued tensions between government and central bank
Comms teams average less than 2% of central bank workforce
Majority of units operate centralised communications models
Ukraine cuts rates as inflation falls
Central bank is positive over foreign aid but says economic damage from war could worsen
Turkey keeps interest rates flat
Central bank says monetary policy may tighten if inflation worsens
BoJ keeps policy unchanged as yen weakens
Policymakers raise inflation forecasts, saying “virtuous wage-price cycle” is strengthening
Chinese policy-makers warm to PBoC bond trading
PBoC’s trading of government bonds will be different from QE, central bank official says
Fed policy has more effect during US recessions, ECB paper finds
Researchers use non-linear methods to examine effects of FOMC shocks
Food prices remain a risk to disinflation – RBI research
Extreme weather events may also pose risks in the near term
Hungary cuts rates by 50 basis points
Outlook could be impacted by government’s proposed fuel subsidies
Bank Indonesia unexpectedly raises rates to support rupiah
Rate hike comes on top of central bank’s continued FX intervention amid a strong dollar
UK rate cuts must wait, says BoE chief economist
Huw Pill says policy must remain restrictive to tackle persistent components of inflation
ECB June rate cut likely if there are ‘no surprises’ – de Guindos
No sign yet of an oil shock but geopolitical risks are relevant, ECB vice-president says
UK inflationary pressure easing, BoE deputy says
Ramsden breaks inflation process into four steps, finding persistent elements are weakening
ECB should cut rates in next meeting, French governor says
Villeroy de Galhau says last leg of disinflation in eurozone should not be too difficult
Bank of Korea considering forward guidance reform
Governor Rhee Chang-yong sees merit in revealing more information to public
ECB caps remuneration rates for eurozone government deposits
New rate to also apply to non-monetary policy deposits, as ECB shrinks balance sheet
Fed policy-makers disagree over risks
Williams and Goolsbee say policy is restrictive but Logan takes different view
Maximising the impact of banknote communications
Antti Heinonen highlights the ongoing evolution in how central banks talk about their banknotes