Monetary Policy
Russian central bank lowers rates to pre-war level
Nabiullina warns tighter oil sanctions could still have serious impact on economy
RBNZ agrees plan to reverse QE
Central bank expects to sell off NZ$50 billion by 2027
Ten-year yield breaches BoJ target band
Central bank steps in with another purchase operation, but warns on yen weakness
ECB announces 25bp rate raise and QE slowdown for July
September increase may be steeper, as ECB forecasts higher inflation and lower growth
Holding the line: the right response to war and Covid
Jagjit Chadha offers advice to policy-makers struggling to navigate between economic shocks
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
Reserve Bank of Australia joins 50bp club
Australian central bank continues post-pandemic tightening with second, larger hike
Rates round-up: Canada adds 50bp to main rate
Kenya orders first rate increase since 2015; Dominican Republic hikes 100bp; and more
Biden holds rare meeting with Fed chair Powell
Yellen admits she was wrong about the path of inflation in 2021
Fed’s Waller believes US economy can handle several more rate hikes
Governor acknowledges uncertainties remain high amid Russian invasion of Ukraine
NGFS moving from climate ‘awareness to action’ – MAS’s Menon
Net-zero transition has been “tepid” despite the limited time remaining, MAS chief says
Riksbank was right to use negative rates, say former central bankers
As ECB loosened policy, Swedish central bank lacked any credible alternative, Flug and Honohan conclude
Is this the end for ECB QE?
High inflation makes it increasingly difficult for the central bank to justify asset purchases across the eurozone, despite rising fragmentation risks
Turkish central bank holds rates despite 70% inflation
Turkish lira reaches record low as central bank promises inflation will fall to 5%
‘Unconventional credit policy’ can help avoid lower bound – BIS paper
Liquidity injections can be useful tools but also face limits, authors find
Guatemala orders first rate rise in nine years
Board cites concerns about expectations but inflation remains within target range
Bank of Russia cuts rates again
Central bank says inflationary pressures are falling but economy faces considerable constraints
Bank of Korea raises policy rate again
Policy-makers expect high inflation for rest of year
RBNZ tightening policy ‘by more and sooner’
Central bank orders second 50bp hike, the fifth increase since last October
Rates round-up: Israel surprises with larger hike
Central banks in Pakistan, Nigeria, Ghana, Paraguay and Jamaica also tighten policy
RBA’s approach to QT does not involve selling bonds
Selling assets could undermine future quantitative easing programmes, says assistant governor
BoE’s Bailey hits back at monetary policy critics
Facts “simply do not support” argument that central bank was too slow, governor says
Lagarde says ECB likely to abandon negative rates in September
Central bank would need to confirm end to asset purchases in June, and hike in July and September
Japan’s inflation breaches 2% target
High import prices a key driver as flat wages drag demand