Monetary Policy
PBoC keeps key lending rates steady
Central bank stays put amid China’s Communist Party congress
Japan to conduct unscheduled bond-buying operations
BoJ announcement comes as yen nears 32-year low against the dollar
Bank Indonesia delivers another 50bp rate rise
Governor Perry Warjiyo describes the rate hike as a pre-emptive move
Bank of England to go ahead with QT
Central bank delays start of bond sales by one day to avoid fiscal announcement
Report of delay to QT ‘inaccurate’, BoE says
Article says central bank is “expected to bow to investor pressure” for delay to asset sales
US and European policy-makers feel ‘vindicated’ over aggressive hikes
QT may deserve a slower approach than traditional policy, says Jacob Frenkel
Hungary makes emergency intervention to defend forint
Action comes after the central bank said it would cease rate rises
BoK governor highlights difficulty in forward guidance
Rhee Chang-yong says he may reassess forward guidance amid exchange rate pressure
African governors face multiple financial ‘floods’
Kenyan governor says a “doubling, tripling” of access to IMF resources is needed
PBoC rolls over 500bn yuan policy loans to maintain liquidity
Central bank keeps the rate on the medium-term loans unchanged at 2.75%
Menon urges policy-makers to take a longer term view
Climate change is “the mother of all supply-side shocks”, MAS chief says
Singapore’s central bank tightens policy for fourth time this year
MAS decision comes after Singapore’s economy rebounded in the third quarter
Chilean board makes 11th hike, but says cycle may be over
Central bank leaders say “rate has reached its maximum level of the cycle”
BoE’s Pill says government must ‘respect’ independence
Government and central bank have clashed over causes of UK’s gilt market turmoil
New Zealand central bank suggests change to mandate
RBNZ says mandate could prioritise price stability and drop housing requirement
Bank of Korea raises rate to highest level in 10 years
Governor Rhee Changyong says board members are divided on the size of next hike
Global risks at worst in four decades, says IMF
Financial stability report paints a picture of growing vulnerabilities
Polish governor says dissenting MPC members may have broken law
Glapiński and four colleagues could notify prosecutors over critical comments by fellow rate-setters
ECB needs at least two ‘significant steps’ in coming meetings – Knot
DNB financial stability report warns high inflation and weak growth will test banks
Development banks need to change amid global threats – Yellen
“Extreme stress” and global threats demand rethink, says US Treasury secretary
ECB and PBoC extend currency swap deal for three years
Central banks keep the size of the swap line unchanged
Canada’s Macklem sees global inflationary pressures easing
But more interest rate increases still needed, says Bank of Canada governor
Four more African central banks raise rates
Ghana raises policy rate to highest level since 2017, plus hikes in Uganda, Sierra Leone and Tunisia
Eurozone governments must tackle energy crisis, says ECB
Philip Lane backed 75bp raise against opposition from some dovish members in most recent meeting