Inflation
Kazakhstan’s president announces changes to powerful wealth fund
National unrest leads to changes at SWF that owns an estimated 40% of GDP
Wunsch calls for gradual ECB policy tightening
Belgian governor stresses risks posed by prolonged negative rates and QE
Sarb raises rates 25 basis points as inflation rises
MPC votes by four to one for hike, as inflation nears top of target range
Costa Rica orders second consecutive rate hike
Inflation remains within target band but risks “lean to the upside”, board says
Chilean central bank hikes rate more than expected
Central Bank of Chile says inflation and economic activity is rising faster than its forecasts
Pierre Wunsch on inflation, forward guidance and policy tightening
The National Bank of Belgium governor speaks about over-reliance on central bank models and forward guidance, the impact of energy costs and inflation expectations, and the need to unwind unconventional monetary policies
Fed signals time will be right for rate hike ‘soon’
QE set to end in March, with balance sheet to start shrinking after rates rise
Sri Lanka raises rates as food prices rise sharply
Governor says country does not need IMF aid despite minister warning of potential energy blackout
RBA develops new method of modelling financial sector
Approach takes Martin model “beyond the existing macroeconometric frontier”, say researchers
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
MAS aims for stronger Singapore dollar to resist inflation
Faster appreciation needed due to “rapidly accumulating” inflationary pressures, authority says
Ukrainian central bank hikes rate and warns of invasion fears
Supreme court backs NBU over PrivatBank dispute as central bank says it may raise rates again
Paraguayan policy-makers weigh inflation against drought and pandemic
Monetary policy committee opts for smaller rate hike as economy faces difficult outlook
Kazakh central bank warns of inflation pressure after protests
Policy-makers opt for 50bp rate hike to curb possible inflation surge
Turkish MPC holds rates after sharp inflation rise
Central bank announces $5 billion UAE swaps deal as Erdoğan seeks currency from Turkish allies
Chilean governor leaves central bank to become finance minister
Mario Marcel led central bank through period of social unrest and Covid-19 pandemic
Mozambique’s government owes central bank over $600 million – auditors
Auditors say government is obliged to compensate central bank over forex movements
Brazil central bank employees join strike action
Public sector workers walked out on January 18 to protest refusal to increase pay
Norges Bank signals March rate hike
Last MPC meeting under Olsen says economy needs says “gradual normalisation” of policy
UK inflation hits 30-year high
Figure is now highest since CPI series began, driven by energy and food prices
BoJ sees emerging signs of inflation in Japan
Central bank says inflationary risks are now “generally balanced”
PBoC cuts rates as Xi warns against ‘rapid tightening’
Quarterly GDP growth hits lowest rate in 18 months as Xi calls for international policy co-operation
Frequency of price changes strongly correlated to inflation, says Riksbank
The size of price increases remained stable in Sweden from 2010–18
Fed chair makes case for renomination
Powell needs 50 votes and may need at least three Republicans to side with his reappointment