Interest rates
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
Fed still open to rate hike this year
Lower for longer interest rates could lead to greater financial stability risks, FOMC members say
Now is a ‘critical time’ for Ibor transitions – Bailey
Global regulators convene in Washington, DC to tackle the transition to new benchmark rates
Low interest rates adding to high global stability risks – IMF
Monetary policy-makers must look at both short- and medium-term stability risks, says Tobias Adrian
Trump urges Fed to restart quantitative easing
It would turn the economy into a “rocket ship”, the president says
Trump plans to nominate second loyalist to Fed board
Herman Cain has strongly supported a return to gold standard in the past
RBI cuts main rate again as growth fears deepen
Central bank revises down growth and inflation forecasts as election nears
Global slowdown continues to warrant stimulus – Poloz
Poloz confident of Canada’s ability to adjust and says slowdown is temporary
Mexico keeps rates at 10-year high despite global slowdown
Above-target inflation is the main focus for the Bank of Mexico
Argentina’s push for central bank independence faces hurdles
Government sent bill to parliament to prohibit monetary financing but political support is elusive
Costa Rica makes about-turn on interest rates
Central bank reverses November hike as inflation concerns tip towards the downside
Borio questions Larry Summers on ‘secular stagnation’
Two teams of economists present fresh evidence for divergent views of low real rates
Turkish lira depreciates as reserves fall sharply
Forex reserves have fallen by 8% in first three weeks of March, according to central bank data
RBNZ announces members of new monetary policy committee
Four internal and three external MPC members will make monetary policy from May 8
Kenyan High Court strikes down law capping interest rates
But court rules law did not infringe central bank’s mandate and says caps could be brought back
Bank of Jamaica cuts policy rate again
Central bank aims to get inflation back to target range by December 2020
Draghi says ECB could further delay rate hike as inflation disappoints
Weaker growth forecast contributed to reduction in central bank inflation forecast to 1.6% in 2021
RBNZ signals future rate cut on international weakness
Looser policies in the US and eurozone are putting upward pressure on New Zealand dollar
Atlanta’s Bostic lays out case for central banking with ‘ample’ reserves
Floor system performing well and has benefits, says Atlanta Fed president; Harker and Rosengren argue for shift in balance sheet composition
Fed’s rate pause puts pressure on BoJ
Fed’s dovishness could pull JGB yields lower and put upward pressure on the yen
Paraguay cuts rates on global instability
Central bank reduces interest rates by 25 basis points to 4.75%
Trump nominates loyalist Stephen Moore for Fed board
“Donald Trump wanted to drain the swamp. The Fed is the swamp,” Moore says
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced the Fed’s introduction of the IOR prolonged the recession, but credits Selgin’s argument the IOR policy made the central bank a more powerful credit lender
BoE on hold as Brexit weighs on outlook
Policy-makers point to weak investment and continued uncertainty