Inflation targeting
Fed keeps investors guessing on speed and endpoint of tightening
Investors generally agree the Fed will tighten policy, but how much and when are unclear
Brazil central bank employees join strike action
Public sector workers walked out on January 18 to protest refusal to increase pay
Frequency of price changes strongly correlated to inflation, says Riksbank
The size of price increases remained stable in Sweden from 2010–18
South Sudan central bank announces sharp fall in inflation rate
IMF credits exchange rate reforms with taming prices, while central bank cuts interest rates
Norway’s inflation reaches highest level since 2008
Headline reading reaches 5.3%, while core inflation increases by 0.5% to 1.8%
DRC central bank cuts benchmark rate by 100 basis points
Central African giant continues loosening monetary policy amid growth and steady inflation
Nagel warns high inflation could last longer than expected
New Bundesbank president says monetary policy should monitor climate change risks
Peru hikes rates 50bp again
Central bank continues tightening programme begun in August
Uruguayan central bank speeds up monetary tightening
Central bank makes fourth consecutive hike and says it expects further rises at next two meetings
Poland continues tightening in new year
Central bank adds 50bp to rates, the fourth increase in a row amid high inflation
Dominican Republic ends 2021 with 100bp hike
Central bank returns rate to pre-pandemic level as economy and inflation steadily grow
Czech policy rate continues ascent
Divided central bank board orders 100bp hike, the fifth consecutive increase
Paraguay orders third 125bp hike
Central bank cites inflationary pressures and says monetary policy is still “accommodative”
New Zealand MPs grill Orr on policy and personnel
Opposition leaders criticise RBNZ governor for high inflation and staff turnover
Russia orders seventh straight rate hike
Central bank continues protracted battle against high inflation
Colombia stays on trend with 50bp hike
Central bank board unanimous on raising rate, but splits 4–3 on size of increase
Costa Rica raises rates for first time in three years
Central bank raises policy rate by 50 basis points as Latin America faces rising inflation
Hungary continues campaign of rate hikes
MNB ends asset purchase programme, as inflation rises above 7%
Pakistan confronts inflation with 100bp hike
Third consecutive increase may be last for a while, MPC says
Bank of Canada renews monetary policy framework
Central bank conducts first “systematic” study of other frameworks since it adopted inflation targeting
Armenia raises policy rate 50 basis points
Central bank tightens grip on credit with seventh rate hike in 12 months
US inflation reaches new peak
CPI figure hits 6.8%, the highest rate in nearly four decades
Brazilian MPC tightens rates again despite sluggish growth
MPC “foresees another adjustment of the same magnitude” at next meeting
Powell: FOMC may accelerate taper
Fed will no longer refer to inflation as “transitory”