Inflation
Brazil’s MPC continues hikes, but slows pace
Central bank orders eleventh consecutive increase, and says it expects more, but smaller, rises
Hong Kong and Taiwan raise rates
HKMA raises rates by 75bp, but local banks don’t follow, while Taiwan increases by 12.5bp
Argentina increases reference rate 300bp
Central bank says it anticipates inflation will fall despite continuing rise
Banknotes: April to June 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Gulf central banks raise rates after Fed hike
Qatar, UAE and Bahrain make 75bp hikes, while Kuwait raises by 25bp and Saudi 50bp
BoE opts for 25bp hike as growth disappoints
Weakening economy and high inflation leave policy-makers divided
People: April to June 2022
A round-up of central bankers in the news and on the move during the past three months
Fed meets inflation surge with 75bp hike
Unexpected spike in inflation and expectations spurs committee into rare policy aggression
Chile’s Marcel stresses importance of trust
Former central bank governor warns monetary and fiscal policies will diverge
Central bank gold purchases back in positive territory
War and inflation appear to be supporting demand for the reserve asset
Bank of Japan boosts bond interventions
Yield curve control policy still under pressure
Rates round-up: Peru, Poland and Serbia tighten policy
Moldovan central bank faces commission of inquiry; Uzbekistan partially unwinds earlier hike
US inflation expectations inch higher
New York Fed survey finds rise in expectations at one-year horizon, but not at longer term
Russian central bank lowers rates to pre-war level
Nabiullina warns tighter oil sanctions could still have serious impact on economy
Ten-year yield breaches BoJ target band
Central bank steps in with another purchase operation, but warns on yen weakness
Argentine central bank struggles to meet reserves targets
IMF signs preliminary agreement for loan payment but reports say BCRA cannot meet reserve target
ECB announces 25bp rate raise and QE slowdown for July
September increase may be steeper, as ECB forecasts higher inflation and lower growth
Czech president names three new rate-setters
Some observers say appointment may create dovish majority on board
Holding the line: the right response to war and Covid
Jagjit Chadha offers advice to policy-makers struggling to navigate between economic shocks
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
Fed paper argues capitalism killed the Phillips curve
Shift in the balance of power between capital and labour likely to hold down inflation, authors find
Reserve Bank of Australia joins 50bp club
Australian central bank continues post-pandemic tightening with second, larger hike
Peter Nicholl on rebuilding Bosnia’s central bank
The former RBNZ deputy governor speaks with Dan Hardie about how he tackled financial instability in the aftermath of a war
Rates round-up: Canada adds 50bp to main rate
Kenya orders first rate increase since 2015; Dominican Republic hikes 100bp; and more