Central Banking
Gulf central banks increase rates in line with Fed
Five banks raise rates 75bp, while Kuwait orders 25bp increase due to different currency peg
Hong Kong raises key interest rate by 75 basis points
HKMA chief warns consumers over mortgages as finance chief says housing market is “resilient”
BoJ unlikely to move policy to counter yen weakness
The Bank of Japan is wary of raising rates or even increasing its yield control target to tackle yen depreciation, which it views as being exacerbated by foreign speculators, writes Sayuri Shirai
Fed announces another 75bp rise
Jerome Powell says Fed’s approach to forward guidance will change
Hungarian central bank raises rates again amid EU dispute
MNB downplays role of weakening currency and says external factors are driving inflation
Polish Senate to decide on new MPC member
Opposition parties hold upper house majority and may pick more hawkish rate-setter
Eurozone needs macro-prudential tools for climate change, says ECB
Regulators are struggling to address climate change risks, joint ECB-ESRB report finds
People: UK names veteran banker as chairman of BoE court
Appointments in Nicaragua, Cape Verde and Central African currency zone
Kazakhstan orders 50bp rate rise
Unlike neighbours, Kazakhstan continues tightening with eight hikes since last July
Bank of Russia cuts rates, but Nabiullina warns of volatility
Governor says inflation and currency are volatile, and “geopolitical situation” is creating uncertainty
People: World Bank appoints Gill as chief economist
Two members join Bank of Japan board, and senior IMF officials Lester and Rice step down
Paraguay makes 12th consecutive rate hike
Inflation drops slightly, but South American country faces slow growth and severe drought
Millions stolen from central bank, Surinamese authorities say
Finance ministry official arrested as Dutch academic says corruption prevents central bank from functioning
PBoC to set up property bailout fund, reports say
Chinese central bank ‘to contribute at least $7.4 billion’ to aid crisis-hit housing sector
Denmark raises rates to maintain euro peg
National Bank of Denmark increases rates by 50bp as inflation rises to highest level since 1983
Powell divests municipal bond holdings
Fed chair acted early to comply in with new ethics code at Federal Reserve
Nepal hikes rates and constricts credit
Himalayan country confronts rising inflation and strained reserves
Sarb orders largest rate rise since 2002
MPC orders 75bp increase as currency weakens and inflation surges
Chinese CBDC should not be as anonymous as cash, says PBoC official
Mu Changchun says small digital wallets will allow anonymity, but says freedom needs constraints
DNB officials propose framework for central bank capital
Study offers central banks a guide to the complexities of latent risk and independence
Eurozone debt likely unsustainable without QE – BIS paper
Authors find benefits of ECB’s PEPP extend beyond the end of the bond-buying programme
Markets likely to test ECB’s anti-fragmentation tool
ECB could struggle to avoid political disputes over TPI instrument, some observers warn
Papua New Guinea raises rates for first time since 2011
Rising inflation prompts first move in more than two years
Uzbekistan lowers key rate by 100bp
Central Asian country follows Russia in reversing rate increases from start of invasion of Ukraine