Inflation
Eurozone core inflation hits record 5.6%
Lagarde signals rate hikes may continue beyond March
Pakistan raises rates by 300bp as default risks rise
Authorities struggle to collect taxes and unlock IMF funds
What is happening to US wages?
Economists disagree over causes of real wage stagnation
Book notes: The next age of uncertainty, by Stephen Poloz
This book provides a well-informed and well-argued view about our economic future
Australian treasurer welcomes chance to ‘refresh’ RBA board
Chalmers does not recommit to extending Philip Lowe’s term as governor
Book notes: A guide to good money, by Brendan Brown and Robert Pringle
The authors make some good points even if one does not agree with this full-bodied attack on Keynesian economics and inflation targeting
Bundesbank reports first loss in over 40 years
Decision not to pay a dividend comes after ECB reported losses last week
BoE policy-makers highlight value of ‘outreach’ efforts
Talking to public has been “sobering” and helped shape communication, officials say
Disinflation may trigger recession, say Mester and Jefferson
Fed president and governor acknowledge policy tightening is uncertain and costly
BIS welcomes end to investors’ ‘sanguine attitude’
Optimism over future easing clashed with what central bankers were actually saying
CBRT cuts policy rate to support earthquake recovery
Central bank fears supply disruption from natural disaster could add to inflationary pressures
Iran imposes FX controls as currency falls again
Commodities inflation bites ahead of upcoming new year
BoE’s Mann challenges idea of ‘long and variable lags’
MPC member says changing transmission of policy in UK may demand more tightening
How US demographics complicate the Fed’s job
Ageing population and pandemic legacy are confounding economists’ predictions
RBNZ raises rates as cyclone complicates outlook
“Devastating” impact of Cyclone Gabrielle creates economic disruption and prompts fiscal action
Israel continues tightening as inflation persists
Foreign minister attacks hike, forcing PM and finance minister to defend autonomy
Stability under the 2% inflation standard is a chimera
An inflexible standard of value that lets the market decide how much money to produce would be superior, write Brendan Brown and Robert Pringle
Who will replace Brainard at the Federal Reserve Board?
Another empty chair leaves another difficult choice for Joe Biden
Rates round-up: Philippines raises policy rate 50bp
Zambia increases amid poor inflation outlooks; Uruguay joins Latin American rate pause trend
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
The Bank of Thailand governor speaks with Christopher Jeffery about the trend towards higher inflation, the sustainable finance challenge, experiments with CBDCs and governance issues related to multi-lateral payments
Brazilian president ‘not interested in fighting’ Campos Neto
Monetary council keeps 3.25% inflation target unchanged despite president’s criticism
Fed officials say rates may have to rise despite CPI fall
Harker, Bowman, Williams and Logan sound hawkish notes in speeches
Bolivian central bank offers preferential rate for dollars
Dwindling reserves drive new measures to obtain foreign exchange and gold for central bank
Can new BoJ governor Ueda maintain his neutral position?
Kazuo Ueda will face divided views on monetary easing and its growing side-effects when he takes office, writes Sayuri Shirai