Fiscal policy
IMF approves $3.8 billion for Argentina
Country has met most key targets, but 2022 inflation now projected to top 100%
Four more African central banks raise rates
Ghana raises policy rate to highest level since 2017, plus hikes in Uganda, Sierra Leone and Tunisia
Colombian president criticises central bank’s rate increases
Finance minister argues tighter policy could bring recession without reducing inflation
Colombia orders ninth consecutive rate increase
Inflation rises above central bank projections as finance minister expresses frustration
BoE becomes reluctant market-maker of last resort
Gilt market turmoil has again forced the BoE to intervene. Is there a better way?
Bank of Uganda denies government broke law on loan repayment
Opposition says government borrowed more than $2 billion, but central bank rejects claim
Quantitative tightening: missed opportunities
Treasuries and central banks must think harder about balance sheet policies, says Philip Turner
IMF warns UK government as pound resumes fall
BoE’s Huw Pill signals need for “significant monetary policy response” to government spending plan
Governments should raise taxes to support energy bills – ECB’s Lane
Firms must stop trying to make large profits or face tougher policy, ECB chief economist warns
IMF says it will not provide loans for Zimbabwe
Fund urges central bank to cease “quasi-fiscal operations” as official inflation reaches 285%
BoE ‘monitoring developments’ amid market ructions
Many analysts had predicted early policy action from the central bank
Central Bank of Brazil pauses tightening cycle
Latin America’s leading central bank says holding rates may be enough to reach inflation target
BoE hikes rates 50bp as fiscal policy increases uncertainty
Divided MPC approves rate increase, but several members call for more aggressive hike
Danish central bank slashes growth forecast and predicts higher inflation
“Everyone will feel” impact of tighter policy, governor acknowledges
Mongolia makes 200bp hike
Central bank has doubled rates since start of year
Argentine president names Pesce to full six-year term as governor
Moves comes as IMF reaches preliminary agreement on next loan tranche
Argentina continues rate rises
Central bank increases headline rate by 550bp to 75%, but inflation continues to rise
Paraguayan ex-governor objects to central bank board nominee
Union claims appointment of finance ministry official would damage independence
Summers and Krugman see no alternative to ECB tightening
Despite lack of overheating, huge energy shock requires action to anchor inflation expectations
EU needs radical fiscal reforms, IMF report says
Framework would aim to free ECB from having to stabilise sovereign bond markets
Joseph Stiglitz on the challenge of fixing macroeconomics
The Nobel Prize-winning economist discusses the flaws in mainstream models and how to repair them, whether central banks went wrong in 2021, and what to do – or not to do – about inflation
IMF signs off on $1.3bn package for Zambia
Executive board urges Bank of Zambia to rebuild reserves and tackle bad debts
Supply-side pressures likely to persist – Carstens
Policy-makers “need to be realistic” about the feasibility of demand management, BIS chief says
ADB provides $100 million in emergency loans to Mongolia
Funds will be used to expand government support for vulnerable households