Monetary Policy
Zambia raises rates for first time since 2015
Governor hopes to prevent inflation rising above 6–8% target
IMF paper urges central banks to seek wider audience
Central banks could do more to broaden their message, senior official says; financial stability communications still challenging
Iceland’s central bank cuts rates by 50 basis points
Growth estimates cut sharply after blows to fishing and tourism
Senior Fed officials differ on monetary policy
Bullard says last rate rise “may have overdone it”, but Bostic “not super-concerned”
Bank of Jamaica continues with monetary easing
Central bank has now lowered rates three times this year and cut reserve requirements twice
RBA eyes rate cut as growth and inflation disappoint
Trade tensions and weak household income hamper central bank’s previous plan to tighten policy
SBP hikes to 12.25% as inflationary risks grow
Government has been borrowing heavily from central bank and rupee has weakened
Open and closed economy central banks react differently to inflation – research
Some economies respond more strongly to certain variables, Fernando Leibovici says
Senior Fed officials call for overshooting inflation target
Kashkari says Fed acted too early in tightening while Brainard says policy must meet ‘new normal’
Reserve Bank of Malawi cuts rates to 13.5%
Central bank lowers inflation forecast while raising GDP growth forecast
Weidmann warns trade war likely to hurt US more than Germany
Bundesbank president says policy normalisation should continue
Bank of Jamaica lowers reserve requirements further
Second reduction this year could be conflicting with currency concerns
Risk of hitting ZLB in next three years is low – San Francisco Fed paper
ZLB should not be a concern for monetary policy at this stage, researcher says
Norway’s revised budget adds to pressure for tightening
Analysts think higher public spending could reinforce Norges Bank’s tightening cycle
Quantitative easing: a never-ending story?
The Federal Reserve is cutting the size of its balance sheet, but is unlikely to reduce it to pre-crisis levels due to fears about financial stability. It also appears to have kept its floor system for the same reason
Trump urges Fed to help win the trade war
Fed’s Williams says tariffs are starting to wear on the economy
Cooling economic activity in China paves way for more stimulus
Policy-makers may turn to fiscal stimulus rather than monetary easing
Minneapolis Fed president calls on Fed to ‘re-tool’ labour market analysis
Wages are a better means of estimating labour market slack, Kashkari says
Zhou on four key decisions that forged the modern-day PBoC
Former People’s Bank of China governor Zhou Xiaochuan shares his perspectives about four critical moments in China’s economic reform agenda
BoE to expand scheme that sends economists to emerging markets
UK government partners with BoE to provide economic expertise to emerging markets
San Francisco Fed researcher seeks to improve Phillips curve
Introducing an “interaction variable” can increase predictive performance, researcher says
Fed should consider yield curve targeting – Brainard
NY Fed research outlines how US central bank could target longer-run interest rates