Inflation
RBI holds rates as food inflation persists
Governor says better weather and improved agricultural yields should relieve price pressures
Grocery inflation caused by wages and raw goods prices – Fed study
Research comes as FTC launches inquiry into alleged price gouging by US retailers
Too soon to declare victory on inflation – World Bank report
Economists say central banks should proceed with caution to avoid upside risks
Turkey records 10-point drop in annual inflation for July
Year-on-year figure down to 61.78%, but monthly figure still rising
Bank of England cuts rates for first time since 2020
MPC votes for 25bp reduction in split decision after Fed opts to hold
Fed holds rates again
Powell says FOMC’s “broad sense” is that US economy is moving to point where cuts would be justified
BIS Americas chief: region must stay alert to inflation risks
Tombini praises efforts to tackle inflation, while outlining monetary policy challenges
BoJ raises policy rate, outlines plan to reduce bond purchases
Governor says bank will raise rates again if economy and prices move in line with projections
Bank of Russia hikes interest rates by 200bp
Labour shortage continues to grow under war economy
Firms’ prices respond rapidly to CPI data – BoE study
Companies are more sensitive to rises in inflation than to falls
Income not main determinant of inflation variances – ECB study
Research claims “fixed shopping basket” method not helpful for measuring differences across households
Uzbekistan reduces policy rate by 50bp
Central bank delivers first cut since May 2023
Sri Lanka cuts interest rates by 25bp
Decision follows improved economic figures but stubbornly low inflation
Inflation more persistent in post-Covid era – Fed research
Study recommends aggressive tightening for longer
Nigeria raises rates as inflation continues to rise
Central bank plans to maintain tight policy as food prices prove particularly challenging
Turkey holds key policy rate despite fall in inflation
Central bank says services and food inflation are sustaining broader price pressures
Perceptions of monetary policy shape inflation – Dallas Fed paper
Academics say Phillips curve not always applicable post-Covid
Higher-for-longer inflation remains risk – Bank of Finland chief
Political uncertainty in eurozone dominating discussions in Frankfurt, says Olli Rehn
PBoC cuts suite of key interest rates
Move follows weaker-than-expected Q2 growth and policy meeting by Communist party
Monetary Policy Benchmarks 2024 – executive summary
Key findings from the benchmark on policy tools, liquidity facilities, transparency and more
Egypt holds rates as inflation recedes
Central bank only forecasts significant decline in inflation next year
European Central Bank holds rates
Inflation set for return to target in 2025, as Lagarde defends ECB response to staff burnout
Monetary Policy Benchmarks 2024 report – back to normality?
Data reveals trends in use of policy tools as well as operating frameworks and communications
IMF warns of slowing disinflation path
Higher interest rates in advanced economies could trigger “harmful spillovers”, chief economist warns