Exchange rate
BoJ hawkishness due to weak yen belies wage inflation concerns
The contrast in Japan-US economic, price and wage performance and their implications for monetary policies
Clash between Yemen’s central banks escalates
Rival central banks issue retaliatory bans on transacting with financial institutions
Lkhagvasuren Byadran on geopolitics, gold and 100 years of central banking on the steppe
Bank of Mongolia governor Lkhagvasuren Byadran speaks about monetary and financial reform, embracing AI and fintech, and Mongolia’s new SWF
Banknotes: April to June 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Malaysian central bank holds policy rate
BNM’s efforts to support the ringgit are paying off, deputy governor says
Ukraine cuts rates as inflation falls
Central bank is positive over foreign aid but says economic damage from war could worsen
BoJ keeps policy unchanged as yen weakens
Policymakers raise inflation forecasts, saying “virtuous wage-price cycle” is strengthening
Nigerian governor declares fixed exchange rates are over
Cardoso says central bank plans to move to an inflation-targeting regime
Singapore leaves monetary policy settings unchanged
Core inflation likely to start falling in fourth quarter and continue next year, MAS says
Bank of Israel holds policy rate as inflation moderates
Continuation of war in Gaza could drive up inflation, governor says
RBI keeps interest rates flat as food prices raise concerns
Food inflation could "unhinge" anchoring of inflation expectations, governor says
Policy round-up: Switzerland and Czech Republic cut rates
Norges Bank holds rates in face of uncertainty
Malaysian central bank rebukes Google for exchange rate error
Google Malaysia says faulty exchange rate data came from third party and apologises for the error
Ukrainian central bank cuts rates
Pyshnyy welcomes falling inflation, foreign exchange stability and prospect of renewed aid
Book notes: The ruble: a political history, by Ekaterina Pravilova
Indispensable reading for anyone interested in Russia and comparative, long-term historical accounts of monetary ideologies and practice
Indonesia holds policy rate again
Central bank stays put for the third straight meeting after inflation stayed within target
The risks facing the Chinese economy
China isn’t at risk of a financial meltdown, but it does face a slow puncture, writes Michael Taylor
Philippine central bank will cut FX interventions, governor says
“We’ve been intervening a bit too much”, Remolona says, as officials work on new framework
Israeli governor warns over war spending after rate cut
Government could lose economic credibility without fiscal re-think, Yaron says
Colombian central bank begins cutting rates
Board splits over decision, as inflation remains above 10% while economy slows
Argentina adopts new policy rate
BCRA will use overnight reverse repo rate after halting auctions of Leliq bonds
Bank of Russia raises rates again
Nabiullina warns of “pro-inflationary risks” from increased government spending on war
Ghana’s Ernest Addison on the chain of events that led to a loss of $5 billion
The Bank of Ghana governor speaks with Christopher Jeffery about what necessitated monetary financing, the boundaries of ‘independence’ and the results of offline tests of the e-cedi
Argentine government devalues peso and replaces governor
Finance minister announces austerity as IMF welcomes new president’s early moves