Inflation
Weather affects eurozone inflation, ECB paper finds
Bloc’s four biggest economies respond differently to changes in temperature and variability
‘Back to the future’ for FX reserve management
Rise in bond yields changes the dynamics of ‘security, liquidity and return’, writes Gary Smith
Kganyago calls for lower inflation target and tighter policy
Sarb governor urges reform of South Africa’s troubled transport and electricity sectors
ECB has completed most of its rate hiking, says Villeroy de Galhau
Banque de France governor rejects trade-off between price and financial stability
Demand for better homes fuels unsustainable house prices – RBNZ study
Researchers say higher interest rates can reduce demand for better quality homes
FOMC members cut rate projections after banking turmoil
US labour market still too tight but banks’ problems may moderate demand, FOMC minutes say
US CPI falls to lowest level since May 2021
FOMC members hint at different views on next monetary policy decision
Cuba will again allow dollar cash deposits
Decision reverses ban in place since June 2021
Eurozone faces risk of entrenched inflation – Villeroy de Galhau
Banque de France governor says higher core inflation indicates widespread pressures
Global economy will be ‘anaemic’ – IMF
Inflation falling, but central banks will only reach targets over 2024 and 2025
Monetary easing appropriate for now, says new BoJ governor
Academic Kazuo Ueda takes over from dovish Haruhiko Kuroda
RBI pauses to assess effects of rate increases
Surprise decision comes as inflation remains outside the central bank’s target band
Geopolitical risks set to fuel financial instability, IMF says
Report urges supervisors to integrate this factor into their stress tests
IMF research emphasises link between inflation and fiscal policy
Authors call for spending cuts and large, targeted wealth transfers to the poor
RBNZ surprises with 50bp rate hike
Damage from cyclone threatens to keep inflation expectations higher
Rates round-up: Mexico and Colombia slow tightening
Guatemala also tightens with 25bp hike; Chile and Dominican Republic continue pauses
IMF eases Argentina loan terms
Fund approves $5.4 billion payout and lowers reserves targets as drought conditions bite
Opec+ production cut threatens inflation outlook
Higher energy prices were the main factor boosting inflation in 2022
State Bank of Vietnam cuts interest rate
Central bank says Vietnam’s economic growth has faced difficulties
RBA pauses rate hikes as inflation slows
Central bank board has not ruled out further tightening
Fed’s Cook says monetary policy is now restrictive
PCE and core PCE inflation both fall as Cook argues tight banking conditions could ease path
Bank of Israel warns political turmoil could hit GDP
Central bank slows cycle with 25bp hike, raising key rate to 4.5%
Long-term unemployment can affect inflation – BoE paper
Non-linear Phillips curve helps explain finding that breaks with previous literature
IMF approves $15.6 billion for Ukraine
Fund calls wartime loan “unprecedented” and risky