Communication
Communicating uncertainty helps curb expectations – BoC paper
But conveying uncertainty about inflation weakens link between inflation and spending plans
Memory shapes inflation expectations, study finds
People who remember high inflation also trust the central bank less, authors say
Finance ministry rep: a guest, a partner or an intruder?
Many central banks let government officials participate in policy meetings. Is that wise?
Policy-making amid war in Gaza
Bank of Israel has implemented a textbook crisis response, but uncertainty remains
RBNZ’s Orr backs use of indigenous language
Governor defends services in Māori as new government vows to cut use of indigenous language
Australia announces RBA governance law and new deputy governor
Labor government appoints BoE official Andrew Hauser to senior role
BoE unveils monetary policy shocks database
Data reveals change in markets’ focus since introduction of “Super Thursdays”
Norway and Czech Republic hold rates
Norges Bank 'likely' to make small increase in December
Bank of England holds rates in second split decision
UK faces two years of above-target inflation and near-zero growth, forecasts the BoE
‘Conceptual complexity’ has risen in BoE publications, research finds
Conceptual complexity plays central role in expectations, understanding and trust, authors find
Fiscal policy may complicate fight against inflation, says Macklem
Bank of Canada governor warns projected spending may ‘not be helpful’ for monetary policy
Macklem warns Canadian politicians against rates lobbying
Governor says politicians’ letters could suggest ‘operational independence is at risk’
Colombia’s Acosta says early cuts ‘a big risk’
Statement to Bloomberg contradicts wishes of president and much of business community
Brazil board united on continuing easing with 50bp cuts
Deputy governor says “there is no predefined target for Selic” rate
Latest ECB rate hike was a ‘close call’, say minutes
A group of officials argued incoming data did not support higher rates
Federal Reserve Board joins Instagram and Threads
Move to social media platforms follows those by regional Feds and other central banks
Ex-governor issues stern warnings about planned RBA revamp
Debate over proposed changes to RBA’s board structure escalates
Joachim Nagel on the ECB’s terminal rate, fiscal policy, model relevance and the digital euro
The Deutsche Bundesbank president speaks about compromise on the Governing Council, rolling back PEPP, the need to implement Basel III and the chances of a revised Stability and Growth Pact
BoJ leaders divided on wage growth and timing of tightening
July minutes show disagreement over when firms will raise wages
Colombian policy-makers clash over rates
Finance minister wants “very small” rate cut, but central bank board member disagrees
BIS paper highlights powerful information effects during SVB run
Hearing about SVB made people more likely to run, but good communications helped stem the tide
Jackson Hole in the wake of policy rules
Symposium heralds a shift to relying on incoming data and judgement, rather than rules or even formal models, to hit inflation targets, writes Barry Eichengreen
Central bank communicators at a time of transparency
Specialists discuss the evolving roles of comms staff in the policy-making process
Supervisory soft skills: working in a consensus-driven environment
New studies highlight the importance of supervisors being able to say ‘no’ – and persuade banks to act accordingly, writes Manoj Singh