Monetary Policy
IMF says Sarb should consider lowering inflation target
Lower inflation could bring various benefits, but only “when circumstances allow”, say staff
Chilean governor rejects calls for emergency meeting
January inflation spike means “higher rates than we had contemplated”, says Costa
Russian central bank raises rates and warns on inflation
Nabiullina says labour market poses “serious challenge” and obliquely mentions risk of war
Bank of Mexico continues tightening under new governor
President’s nominee Victoria Rodríguez supports 50bp rate hike in her first policy meeting
US inflation hits highest level since 1982
FOMC voting members Bullard and Mester call for rate increase as inflation rises 7.5% in January
Peruvian board raises rate for seventh consecutive meeting
BCRP board hikes brings benchmark rate to 3.5%, despite fall in inflation rate
BoJ launches unlimited 10-year sovereign bond purchases
Central bank steps in as investors put pressure on yield curve target, despite low inflation
Romanian central bank accelerates policy tightening
Board raises rates by 50bp and warns liberalised energy prices are likely to boost inflation further
Iceland raises rates again as inflation reaches highest level since 2012
MPC accelerates current cycle as experts point to problems in housing market
Has the IMF found a way forward for Argentina?
Withdrawing monetary financing would put pressure on government budget, analysts warn
Wage pressure was ‘big call’ in BoE forecasts, says Pill
Chief economist says easing of wage pressure will be critical if UK is to avoid recession
Emerging market stock returns impacted by dollar – BIS paper
US dollar can drive local financial conditions in equities as well as other markets, authors say
Polish MPC carries out fifth consecutive rate rise
Committee says inflation will moderate in time and praises government policy on tax cuts
Bank of Israel should be ready to tighten policy, says IMF
Fund warns inflation pressures are building, and says BoI should abandon FX purchases
Picking up the pieces: how to tackle the next phase of the Covid crisis
The global economy is heading into dangerous territory, writes Jagjit Chadha. Central banks must honour their commitments to price stability
Knot eyes first ECB rate hike in Q4 2022
Dutch governor expects eurozone inflation to remain over 4% for much of 2022
Czech central bank hikes rate and forecasts steeper inflation
CNB board says inflation should peak at mid-year but warns of de-anchoring risk
Lesotho raises rates and increases reserves
Central bank increases policy rate 25bp in bid to defend peg and fight inflation
BIS paper highlights money markets’ impact on real economy
Central bank liquidity interventions can prevent large drops in output, authors find
ECB maintains stance but Lagarde hints at hawkish policy turn
Lagarde's press conference remarks seem to differ from policy statement, analysts say
BoE hikes main rate and begins shrinking balance sheet
UK Treasury unveils parallel measures to cushion impact of surging energy prices
Brazilian central bank continues steep tightening cycle
MPC says it aims to slow pace of rate increases but warns fiscal policy is boosting inflation
Record-high eurozone inflation raises pressure on ECB
HICP increased by 5.1%, well above consensus expectation of 4.4%, as energy prices drive up reading
Azerbaijan, Kyrgyzstan and Armenia raise rates
Inflation remains high across region, though falling in these three countries