Monetary Policy
South Korea holds rates for first time in 12 months
Governor says further rate hikes are possible as figures show economic contraction in last quarter
BoE’s Mann challenges idea of ‘long and variable lags’
MPC member says changing transmission of policy in UK may demand more tightening
How US demographics complicate the Fed’s job
Ageing population and pandemic legacy are confounding economists’ predictions
RBNZ raises rates as cyclone complicates outlook
“Devastating” impact of Cyclone Gabrielle creates economic disruption and prompts fiscal action
Israel continues tightening as inflation persists
Foreign minister attacks hike, forcing PM and finance minister to defend autonomy
Stability under the 2% inflation standard is a chimera
An inflexible standard of value that lets the market decide how much money to produce would be superior, write Brendan Brown and Robert Pringle
Rates round-up: Philippines raises policy rate 50bp
Zambia increases amid poor inflation outlooks; Uruguay joins Latin American rate pause trend
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
The Bank of Thailand governor speaks with Christopher Jeffery about the trend towards higher inflation, the sustainable finance challenge, experiments with CBDCs and governance issues related to multi-lateral payments
Brazilian president ‘not interested in fighting’ Campos Neto
Monetary council keeps 3.25% inflation target unchanged despite president’s criticism
Fed officials say rates may have to rise despite CPI fall
Harker, Bowman, Williams and Logan sound hawkish notes in speeches
Can new BoJ governor Ueda maintain his neutral position?
Kazuo Ueda will face divided views on monetary easing and its growing side-effects when he takes office, writes Sayuri Shirai
PBoC injects more funds into banking system
Central bank keeps rate unchanged as it adds $29 billion of new one-year loans
US CPI inflation sees minor fall
Shelter costs were the largest contributor to inflation for the second month in a row
Colombia’s Villar says tight policy necessary for future growth
Governor says inflation more stubborn than in neighbours, but will fall soon
Loose monetary policy has ‘big’ impact on crisis risk – NBER paper
Authors find causal link between easy policy stance and future financial instability
Inflation in Baltics set to remain highest in euro area
Charts highlight divergence between eurozone members
Rates round-up: Mexico adds 50bp
Mexico delivers surprise; Peru pauses tightening cycle; mixed decisions in Europe
BoE officials deny complacency over second-round effects
First-round impact of shocks is driving the bulk of inflation, policy-makers say
Bank of Canada officials explain monetary policy transition
Central bank publishes first record of monetary policy meeting discussions
RBI continues with gradual monetary tightening
Governor notes continued progress on inflation but core index remains “sticky”
RBA and BoK lengthen swap deal
New swap agreement will be effective for five years
RBA makes ninth straight rise and forecasts more to come
Governor warns Australia will be slow to achieve its inflation target
BoE’s Mann: high-frequency data points to possible ‘turning point’
Several indicators hint at a turn in inflation, but the MPC member wants to see more evidence