Growth
Could the Fed cut short its balance sheet plans?
Fed watchers weigh in on possible balance sheet moves in July meeting
Nigerian governor unveils five-year plan
Emefiele makes ambitious growth promises and pledges better payments system and credit supply
Costa Rican central bank cuts rates for third time since March
Government supports efforts to stimulate credit by ‘cleaning’ credit records of 60,000 Costa Ricans
Norges Bank hikes rates again, citing stronger growth
Governor says further rate rises likely this year as growth and inflation beat forecasts
Euro internationalisation pushes ECB to rethink policy approach
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
Putting modern monetary theory to the test
Sayuri Shirai asks whether MMT might hold the solution to Japan’s stagnation
Barbados central bank hopeful for international business rebound
Sector suffered after sanctions imposed due to country’s low tax rates
‘Uncertainty shocks’ can do long-term harm – BoE paper
Authors outline a general equilibrium model to show uncertainty can have long-run effects
Chile’s central bank surprises markets with ‘out of the blue’ rate cut
Lower growth and weak commodity prices push board to cut rates by 50 basis points
Free trade agreement to boost growth in Africa – IMF research
Smaller economies are more likely to benefit from more open trade conditions in the continent
Mexican currency under pressure over ratings downgrades
Fate of the sovereign is increasingly linked to struggling oil company Pemex
RBI cuts rates again amid growth and non-bank concerns
Fresh trouble in the non-bank sector raises concerns over broader financial system
Kenya’s rate controls caused ‘collapse’ in credit – IMF paper
Caps undermined central bank’s control over signalling policy stance, researchers find
Dominican Republic announces easing measure
It is necessary to react to “unstable” global economy, governor Héctor Valdez Albizu says
Can central bankers turn finance green?
The Network for Greening the Financial System aims to bring about fundamental change. The central bankers who created it made a strong start but face serious challenges.
Fed stands ready to act, says Powell
Federal Reserve will “act as appropriate” to sustain growth amid uncertainty from trade negotiations, says chairman
Bullard says Fed may need to cut rates ‘soon’
Market-implied probability of a cut in September now above 80%
Sri Lanka cuts rates as economy feels effects of Easter attacks
Economy was rebounding in Q1, but appears to have been knocked back, central bank says
US labour force participation driven by fewer outflows – San Fran Fed researcher
Hot economy could be making workers less likely to leave labour force, Regis Barnichon says
Venezuela’s central bank finally admits economic collapse
First official data release since 2015 says GDP fell by 22.5% in the year to the third quarter of 2018
Why two degrees matters to central banks
Ulrich Volz explores why strong leadership is required from central banks and supervisors to ensure the financial sector will be in a position to weather climate risks.
South African MPC narrowly votes to hold rates
Sarb cuts projected growth rates and expects looser monetary policy
Costa Rica cuts rates further following March reversal
Central bank concerned about downside inflation risks and slow economic activity
Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism