Monetary Policy
Bank of Mexico hints at tougher measures as it raises rates
Banxico ups inflation expectations while government unveils price-cutting plan
Argentine central bank hikes rates as inflation reaches 30-year high
Central bank makes optimistic comments on inflation path
Peru’s central bank continues sharp monetary tightening
BCRP revises up inflation expectations and hikes reference rate by 50 basis points
Social media ahead of traditional comms for central banks
High income institutions still skewed towards traditional channels
HKMA defends currency on foreign exchange markets
First interventions since 2019 come as Hong Kong central bank props up dollar peg
Central banks use wide array of external comms channels
Institutions employ about 10 media formats on average, and almost all use social media
Lagarde signals first ECB rate hike in July
Nagel stresses risk of acting too late, as Villeroy says fiscal-monetary alignment no longer possible
Rise of fintech strengthens case for capital controls, IMF says
Countries may have to throw “sand in the gears” to protect monetary sovereignty, says Georgieva
Malaysian central bank makes surprise rate rise
Pre-emptive decision designed to stave off inflation
Central bank websites vary greatly in popularity
Some get hundreds of page views per month, while others get millions
Romania meets inflation spike with rate hike
Central bank adds 75bp to policy rate as inflation passes 10% mark and economy sputters
Christopher Waller denies Fed is ‘behind the curve’
Governor argues Fed not given due credit for forward guidance and low unemployment
Private sector tools often used to shape comms strategies
Meltwater, Hootsuite and Fuseworks among named software providers
Moldova continues rate climb as inflation passes 20%
Central bank orders another 300bp increase as war adds to price woes
Bank of Canada’s Rogers says ‘decisive’ policy needed
Senior deputy says house prices are unsustainably high
Email main channel for central banks’ two-way communication
A majority of central banks interact with the public through social media platforms
PBoC expands ‘structural monetary policy tools’
New $15 billion relending programmes target transport and coal sectors
Czech board raises rates in split vote
Central bank increases inflation forecast and awaits new governor appointment
ECB officials change to more hawkish tone
Schnabel and Villeroy de Galhau signal openness to July hike while Lane and Panetta stay cautious
Chilean central bank surprises markets with a larger rate hike
Board unanimously decided to increase the policy rate by 125 basis points to 8.25%
Polish central bank hikes rates 75bp
Inflation at highest levels for 24 years as governor faces opposition over second term
HKMA follows Fed with interest rate hike
Chief executive says HKMA will intervene when currency hits lower bound of peg
Early comms involvement in policy raises effectiveness
Teams involved in earlier stages of policy report communications are more successful
Norges Bank bucks global trend with rate hold
Inflation has so far fallen short of the central bank’s projections