Growth
Bank of Israel calls on government to reduce deficit
Budget imbalance is forecast to reach 3.6% of GDP in 2019, official target is 2.9%
Fed can afford to be patient as global growth forecasts decline, says Clarida
Fed vice-chair says labour market is at full employment and inflation remains on target
Fed taking cautious stance on rate path
Incoming Fed officials signal there may be a rate-hike pause
Spending behaviour in unemployment does not fit with rational models – paper
Behavioural models of “present-biased or myopic” choices fit better with the data, authors say
Iran to cut four zeros from currency
Currency continues to depreciate, inflation climbs and growth slows
Chinese central bank again seeks to boost lending to small businesses
PBoC doubles threshold for loans exempted under reserve-ratio requirements
Price shocks worse with poorly anchored inflation expectations – IMF paper
Inflation rises less and falls quicker after shocks when expectations are well anchored, study finds
RBI reverses course on restructuring of troubled loans
Decision goes against previous demands that banks cease policy of “extend and pretend”
2018: The year in review
The past year marked a return to instability, but also saw some innovations among central banks
Riksbank implements first rate hike since 2011
Split executive board reduces inflation forecasts for 2019 and 2020
BoE warns Brexit uncertainties have ‘intensified’ as rates stay on hold
Brexit “weighing” on UK markets; committee votes unanimously to keep rates on hold
Fed goes ahead with fourth hike of 2018
Policy-makers vote for hike despite volatility, but dovish language suggests growing caution
Bank of Thailand increases rates for first time since 2011
Monetary policy committee lifts main policy rate by 25 basis points to 1.75%
Brazil to provide more information on policy decisions from 2019
Central bank holds key Selic rate at 6.5% on volatile financial markets and stable inflation
Five central banks and supervisors join environmental group
Network for Greening the Financial System aims to help meet Paris agreement goals
Philippines central bank rewarded for aggressive policy action
Soaring inflation slows amid aggressive rate hikes and easing oil prices
RBNZ launches climate change strategy
New Zealand joins international group of central banks aiming to meet Paris agreement goals
Iceland keeps rates unchanged despite above-target inflation
Rate-setters see higher inflation expectations as a short-term phenomenon
Tunisia keeps rates unchanged on stable inflation
External imbalances remain the main challenge for the North African economy
Kuroda defends BoJ’s asset purchases
Central bank could face problems when it unloads ETFs, former senior official warns
People: Kenyan and Samoan governors named to UN digital task force
Kenya’s Njoroge and Samoa’s Ainuu-Enari to investigate digital impact on financial inclusion
Bahrain launches new repo instrument to foster interbank lending
Move comes after IMF directors back government’s attempt to diversify oil-based economy
Brazil’s inflation fell below target in November
Decline comes despite recent fall in currency’s value and turmoil over fuel prices
Yuan swap deal with Argentina boosts China’s presence in Latin America
Agreement expands existing line by 60 billion yuan to 130 billion