Monetary Policy
Mexican central bank holds rates again
Board says inflation should fall to 3% target in medium term despite recent rises
BoE’s focus has shifted from tightening, says deputy governor
Inflation “moving in right direction” but trends still need to be monitored, Breeden says
Bank of Thailand holds policy rate despite government pressure
Decision comes after prime minister called for cut
Fed does not need to evaluate ‘last mile’ of inflation differently
Atlanta Fed economist says overly aggressive approach could trigger hard landing in US economy
Reserve Bank of Australia holds policy rate
Central bank has not ruled out further hikes while inflation eases
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Turkish president appoints ‘hawk’ as governor
Former NY Fed official Karahan has been strong supporter of monetary tightening, observers say
Riksbank holds rate and signals earlier cuts
Risks including supply shocks due to ‘geopolitical unease’ remain
Fed holds rates and dampens expectations of March cuts
Powell says FOMC is unlikely to agree on early loosening but rates are likely at their peak
BoE holds rates and cuts 2024 growth forecast to 0%
‘More evidence’ needed before cuts, though bank expects inflation to reach 2% by 2026
Singapore keeps monetary policy unchanged
Central bank expects core inflation to fall gradually amid lower import and domestic costs
Turkish central bank raises rates but hints tightening is over
Governor denies accusations against her family as inflation continues to rise
RBA sees gender disparity in Australians’ inflation expectations
Survey claims men’s views are closer to central bank’s than women’s
ECB holds rates as Lagarde expresses optimism
Several observers think rate cut before June is more likely as ECB says policy is working
Bank of Canada holds rates steady for fourth consecutive decision
Underlying inflation far too persistent, argues governor
South Africa holds rates in unanimous decision
Governor reiterates inflation must fall further before there can be cuts
Tanzania switches to interest rate-based monetary policy
Central bank had previously used quantity-of-money approach
Japan’s central bank leaves negative rates policy unchanged
BoJ governor sees progress in reaching inflation target but won’t say when ultra-loose lending will end
Monetary policy is tight enough, says head of Atlanta Fed
Raphael Bostic said he expects rate cuts in Q3, but could advocate for them sooner
Monetary policy affects insurers’ balance sheets, ECB paper finds
Eurozone insurance firms increase asset holdings and risk-taking if policy loosens, researchers say
China’s central bank holds key lending rates
Decision to keep one- and five-year LPRs is in line with analysts’ expectations
Monetary policy transmission may have grown weaker – Dallas Fed
Research finds countries with slow and fast pass-through rates experience similar demand effects
China revises rules for PBoC’s monetary policy committee
New rules form part of Communist party’s drive to strengthen control over domestic financial sector
European monetary transmission ‘weaker and slower’ – IMF paper
Latest tightening cycle weakened by market concentration and ample liquidity, authors find