Monetary Policy
Bank of Mexico MPC minutes stress high core inflation
Core inflation increased by 6.2% in January and has risen for 14 consecutive months
Kazakhstan orders unscheduled 325bp hike
Central banks acts under new governor as Russian invasion of Ukraine drives currency down
RBA preparing changes to open market operations
Assistant governor says reforms needed as liquidity and monetary policy evolves
RBNZ increases policy rate to 1%
Committee debated the possibility of increasing rates by 50bp
Paraguay continues slower tightening as inflation rebounds
MPC orders second 25bp hike, after 450bp in increases in late 2021
Bailey seeks to clarify controversial comments on wage restraint
BoE governor says firms need to curb price rises to limit impact on poorest households
Riksbank minutes confirm board division on normalisation
Three out of six board members voted to accelerate end of net asset purchases
Fed’s Brainard backs series of rate hikes followed by asset runoff
Governor says economy is responding appropriately to Fed communications and incoming data
Bank of Jamaica launches ‘stronger actions’ against inflation
Central bank accelerates monetary tightening as inflation nears 10%
Bank of Israel set to increase interest rates soon
Central bank points out inflation expectations have increased
Diego Labat on policy normalisation, capital flows and tech challenges
The Central Bank of Uruguay governor speaks with Christopher Jeffery and Ben Margulies about governance, financialisation, flexible rates versus capital controls, payment upgrades and CBDCs
Rwanda raises benchmark rate 50bp
MPC statement warns of expected spike in inflation in 2022
Uruguay continues programme of interest rate hikes
Central bank announced plans for two more increases at January meeting
Eurozone inflation may hit target in medium term, says Lane
ECB chief economist says eurozone may face fundamentally changed inflation dynamics
FOMC’s January minutes hint at policy actions and inflation fears
Committee signals determination to end asset purchases in March and raise the funds rate
Sovereign bond markets test ECB’s QE withdrawal plans
Investors see “huge risks” of turmoil in peripheral eurozone debt markets
Turkish central bank holds main rate despite high inflation
Committee says it expects inflation trend to reverse soon, as headline figure nears 50%
Namibia marks first rate hike in six years
Central bank acts to “safeguard” link to South African rand
US short and mid-term inflation expectations fall, says NY Fed
But housing price expectations rose 0.5% in January
IMF report supports Colombia’s policy tightening
Colombia vulnerable to external shocks and needs higher reserves, IMF staff say
Brazil’s Campos Neto: markets show less fear of Lula win
Presidential candidate reported to have embraced central bank independence
PBoC keeps key rate on hold
MLF rate stays at 2.85%, as investors turn attention to second rate move next week
Change at the Bundesbank: from Weidmann to Nagel?
Joachim Nagel’s appointment highlights the importance of politics at the apex of German central banking. Veteran central bank watcher Klaus C Engelen looks at the media reaction and asks if Buba/ECB discord is set to continue
US core inflation much higher than eurozone’s, says ECB
Central bank points out differences in inflation dynamics across the Atlantic