Monetary Policy
Indonesia holds while Philippines cuts
Policy rates for both countries now stand at 6% as inflation slows
UK inflation falls to 1.7%
Surprise drop, driven by falling transport costs, makes additional rate cuts more likely
Policy-makers ‘cannot disregard food price shocks’ – BoE study
Working paper calls on central bankers to pay closer attention to headline inflation when setting rates
Peru unexpectedly pauses easing cycle
Central bank expresses hawkishness, though policy rate still among lowest in Latin America
South Korea joins global easing cycle
Government efforts to cool housing prices create opportunity for central bank to cut rates by 25bp
Israel holds rates as conflict continues
Central bank revises inflation and growth forecasts
Eurozone policy transmission ‘more pronounced’ in 2022–23 – study
Banks’ increased risk perceptions underpinned swifter pass-through, says Bank of Italy research
Central Bank of Kenya lowers rate by 75bp
Bank says there is scope for further easing following its second cut this year
Energy price rises have stronger effects than decreases – study
Asymmetric effects of gas and crude oil price rises could lead to tighter monetary policy
Reserve Bank of India holds interest rates
Decision comes despite weakening inflation
Reserve Bank of New Zealand cuts policy rate by 50bp
Inflation is converging towards 2%, policy-makers say
Uruguay again holds policy rate at 8.5%
Inflation stays within target, but central bank remains cautious as neighbours begin easing
ECB will ‘probably’ cut rates in October – BdF governor
Central banks can help fight against political extremism by “restoring trust”, says Villeroy de Galhau
Former governor warns against interference with Bank of Thailand
Tarisa Watanagase urges selection panel to act independently when picking new chairman
Supply shocks may become more frequent – BIS’s Maechler
Central banks should re-examine their policy approaches, says deputy general manager
Japan’s economy not ready for rate hike, says prime minister
New premier’s remarks add uncertainty to BoJ’s normalisation path
The Fed can afford to loosen policy
As (nearly) the world’s most hawkish central bank, the Federal Reserve is right to start monetary loosening, writes Steve Kamin
Iceland eases monetary policy by 25bp
MPC cuts rates as CPI inflation excluding housing heads towards target
Risk management ‘key’ to monetary policy – IMF’s Kammer
Fund’s Europe chief urges central banks to rely less on forecasts when inflation is high
FOMC in no hurry to cut rates, says Powell
September’s loosening reflects growing confidence in soft landing, argues Fed chair
Jamaica and Dominican Republic announce 25bp cuts
Caribbean central banks continue their easing cycles
Colombia cuts rates by 50bp in split decision
Uncertainty over fiscal budget prevents further easing, analysts say
How (not) to review your monetary policy framework
The Fed made some mistakes in its last strategy review. As it prepares to have another go, it could learn from other central banks
Banxico study points to knowledge gap in analysis of Fed policy
Examining “information shocks” can lead to better assessment of the impact of FOMC decisions