Monetary Policy
Turkish central bank makes largest-ever rate cut
Unprecedented 425bp cut will raise independence fears following governor’s dismissal
South Africa’s broad inflation target range ‘a mistake’, says Kganyago
Sarb governor complains that ownership debate is damaging country’s economy
Paraguay central bank cuts rates on weak growth and inflation
Trade tensions and looser policies in advanced economies open opportunity to stimulate economy
IMF calls on Brazilian legislators to pass central bank independence law
Staff welcomes new law blocking central bank transfers to the Treasury from reserves revaluations
Central Bank of Nigeria holds rates and pushes for lending boost
CBN governor also announces new protectionist policy
Fed’s floor could be ‘junked’ if credit surges – Goodhart
Credit demand and plentiful liquidity could be potent inflationary mix, Charles Goodhart says
Bank of Israel willing to hike rates in 2019 – minutes
Monetary committee left rates unchanged at 0.25% on July 8 due to global economic uncertainty
Central bank ‘put’ can harm market function – Kuroda
BoJ chief says easing measures are working, but central banks must be wary of side-effects
Chile’s central bank holds rate, but signals future cut
Rate-setters point to below-target inflation as main reason for future easing measures
New York Fed forced to clarify Williams’ speech
Spokeswoman steps in after Williams appears to hint at more aggressive policy cut
Philippines poised to cut rates as inflation cools
Governor Diokno hints at more easing if inflation is under control
South African central bank cuts rates after first-quarter growth plunge
South Africa saw 3.2% GDP contraction in first quarter after major power shortages
Bank of Korea cuts rates for first time in three years
Central bank warns of trade tensions as official figures show economy contracted in first quarter
Indonesian central bank makes first rate cut in two years
Bank Indonesia lowers seven-day repo rate as governor hints at further cuts
Pakistan sharply increases rates on higher inflation
Central bank increases the policy rate by 100 basis points to 13.25%
BoE’s Hauser sheds light on ‘quantitative tightening’ in the UK
Central banks have a greater obligation to provide liquidity in good times and bad, official says
Bank of Canada latest to reform key reference rate
Central bank is set to take over administration of new reference rate next year
Senior policy-makers differ on future of global monetary system
Trichet, Lipton and Reinhart debate whether SDR could play a bigger role in global stability
IMF paper analyses Philippines inflation
Longer delay in tightening rates would have led to higher inflation, researchers find
FOMC considers using repo facility
But some committee members warn over possible financial stability risks
Chinese domestic interest rates falling – PBoC official
Key money market rates falling, says PBoC official, and bank will try to boost credit for SMEs