Monetary Policy
Monetary policy impacts innovation, says research
Paper presented at Jackson Hole conference finds tightening can decrease R&D spending, cutting long-term growth
Policy rate is Fed’s most powerful monetary tool, says paper
Researcher tests impact of changes in short-term rate, forward guidance and asset purchases
ECB: from a supply to a demand-driven floor?
Eurozone’s central bank expected formally to abandon corridor in forthcoming operational framework review
Powell gives hawkish speech at Jackson Hole
Fed chair warns monetary policy could do too little or too much
Kazakhstan cuts main rate as outlook improves
Governor says inflation should keep falling but fiscal policy or Russian prices could derail forecast
Iceland raises main rate 50bp as inflation persists
Inflation is falling but central bank warns “strong demand pressures” remain
South Korea and Indonesia hold rates
Bank Indonesia says it will issue securities in bid to bolster rupiah
Central bank communicators at a time of transparency
Specialists discuss the evolving roles of comms staff in the policy-making process
Digitalisation has complex impact on monetary policy – BoC paper
New technologies could affect policy transmission, communication and data tools
Dallas Fed finds emerging markets insulated against US rate rises
Proactive rate rises, transparency and accumulated FX reserves helped shield economies
PBoC delivers smaller rate cut than expected
Move signals banks are under strain due to falling interest margins, analysts say
Uruguay accelerates loosening as inflation hits record low
Central bank says monetary policy remains in “restrictive phase”
Milei will meet with IMF ahead of board decision on loan
Argentine opposition leader calls central bank “thieves” and repeats pledge to abolish it
Riksbank’s Breman says higher rates are necessary
Swedish central bank will announce next policy decision on September 21
PBoC bolsters support for renminbi
Central bank pledges intervention to prevent excessive currency moves
Kenya revives interest rate corridor
Controversial 2016 law capping rates undermined earlier attempt at corridor
Some FOMC members sought pause in July, minutes show
Participants pointed to signs of loosening labour market and slowing consumption
Norway raises rates and signals further hike is likely
Norges Bank will increase rates in September if forecast is accurate, governor says
Central Bank of the Philippines holds policy rate
Governor pledges further increases if necessary as central bank raises inflation forecast
RBNZ holds policy rate but revises up projection
Central bank expects rate to stay higher for longer and raises estimate of neutral rate
Uganda cuts rate for first time since 2021
Central bank head refuses to comment on World Bank decision to halt funding
Bank of Russia raises rates in emergency meeting
Board says domestic demand is boosting depreciation’s effects as Putin adviser criticises governor
Argentine central bank intervenes after Milei win
BCRA hikes rate 2,100bp and devalues peso after central bank opponent leads primary elections
PBoC cuts key rates as economy stutters
China stops publishing youth jobless rate after record-high figure in June