Monetary Policy
Peru’s board cuts interest rates by 25 basis points
Central bank says inflation should continue falling towards centre of target range
South Korea keeps monetary policy unchanged
Board says it would be premature to expect inflation to fall to target level despite improvement
Singapore leaves monetary policy settings unchanged
Core inflation likely to start falling in fourth quarter and continue next year, MAS says
Bernanke calls for total redesign of BoE forecasting
Report calls for major changes to infrastructure, core models, staffing, communications and more
ECB holds rates as Lagarde hints at possible June change
Some governing council members wanted rate cut now, says ECB president
Bank of Canada holds rates for sixth consecutive time
Central bank optimistic that rate cuts are ahead and inflation will gradually fall
Bank of Thailand holds rate despite PM’s call for cuts
Monetary policy committee expresses concern on elevated debt levels
Fixing forecasting at the Bank of England
Ahead of the launch of the Bernanke review, NIESR’s Stephen Millard makes the case for three key changes to the BoE’s forecasting
RBNZ holds rates as economy enters recession
Policy-makers keep policy restrictive to tame inflation despite economic downturn
Bank of Israel holds policy rate as inflation moderates
Continuation of war in Gaza could drive up inflation, governor says
RBI keeps interest rates flat as food prices raise concerns
Food inflation could "unhinge" anchoring of inflation expectations, governor says
Philippine central bank holds rate
Central bank stays put after headline inflation rises for two consecutive months
Colombia cuts rates by 50 basis points to 12.25%
Two board members back higher rate cuts amid positive economic outlook
Fed officials say strong economy gives them flexibility and time
Kugler, Barkin and Powell say upside and downside risks are evening out over time
ECB should cut rates earlier, says BdF governor
French government has failed to reform since 2015, Villeroy de Galhau says
Chile cuts monetary policy interest rate to 6.5%
Unanimous decision comes in wake of economic upturn
Monetary policy may have counterintuitive housing price effects – research
Researchers from the Dallas Fed say indirect effects may undercut policy’s aims
Two Fed governors say there is no need for rapid rate cuts
Cook and Waller call for caution but welcome some labour market developments
RBA to shift to ‘ample reserves’ operational framework
New approach will be simpler to operate and reduce market volatility risk, assistant governor Kent says
Federal Reserve posts largest operating loss ever
As of March 21, the Fed owed $157.8 billion to an accounting device, a “deferred asset”
Rates round-up: Hungary and Moldova cut rates
Sweden holds rates but lowers inflation forecast
Digital money could boost Pacific island economies – IMF research
Loss of correspondent banking relationships may be offset by digital money infrastructure
Anchoring inflation expectations increases FDI – research
Adopting inflation targeting also increases investment, researchers find