Inflation
Mark-ups made up more than 50% of US inflation – Kansas City Fed
Rise in mark-ups may point to opportunistic pricing by firms
Serbia continues rate increases
Inflation stalled in double-digit range as central bank battles “second-round effects”
Fed presidents in chorus for smaller rate hikes
Harker, Daly, Collins and the departing Evans all signal preference for 25bp in February
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
Bank of Korea raises policy rate to 14-year high
Two central bank board members voted to hold the rate steady
Peru raises rates for 18th consecutive month
Inflation remains stubbornly high, but central bank is optimistic it will fall in 2023
US CPI inflation falls again
Falling fuel prices drive down index for sixth straight month
Egyptian currency plunges amid move to flexible exchange rate
“Heavily managed” exchange rate “has not served Egypt well”, says IMF mission chief
BoE’s Pill says UK vulnerable to inflation persistence
Confluence of factors leaves UK in worse position than others, chief economist says
Romania may be at end of tightening cycle
Inflation resumed upward march in November, but major bank says cycle has ended
Argentina activates Chinese swap lines
Central bank says move will boost reserves but observer says it is unlikely to strengthen peso
Cook suggests US may need to change inflation models
Fed governor believes inflation on path to 2% but tight labour market remains upside risk
Madagascar central bank has new governor
Andrianarivelo takes over after Rabarijohn resigns early, citing health reasons
New Bank of Tanzania governor appointed
Emmanuel Tutuba replaces Florens Luoga, whose term had ended
Bank of Japan to raise inflation forecasts, reports say
Central bank said to be likely to project nearly 2% annual inflation for 2024
FOMC waiting for ‘more evidence’ of inflation decline
December FOMC minutes show staff and policy-makers warning inflation risks remain high
Tunisian governor warns country needs IMF deal after latest hike
Country faces rising inflation as foreign exchange dwindles and political crisis continues
Israel raises rates to highest level since 2008
Governor warns new government that markets expect fiscal responsibility
Rates round-up: Turkey pauses rate cuts
Egypt hikes main rate 300bp after IMF deal; Indonesia decelerates tightening; and more
Iran appoints new governor amid protests and plummeting rial
Farzin becomes fourth head of central bank in less than two years
Sri Lanka cabinet approves draft of new central bank law
Measure will end CBSL role in buying government bonds
Bo Bo Nge in hands of ‘arbitrary’ regime
Jailing of reform-minded central banker is “attack on central bank governance globally”
