Monetary policy
Two-thirds of central banks forecast policy rate in main models
But relatively few make their rate forecasts public
Central banks to maintain independence despite threats – panel
Top central bankers discuss Trump, AI and why they plan to ignore IMF on rate cuts
More volatility calls for greater agility – Schnabel
ECB official says new tools, including negative rates, may be needed in more disruptive age
Tombini warns of false sense of stability in markets
BIS official says participants need to price in significant uncertainty over economic policy
Return to floating rate a ‘medium-term goal’ – NBU official
Head of monetary policy says hryvnia still being used as “means of savings” during war
Policy-makers lament uncertainty following US election
Speakers at Central Banking Autumn Meetings say policies will be marked by unpredictability
The winners of the 2024 FinTech & RegTech Global Awards
Seventh annual tech awards recognise excellence among central banks and the private sector
Ruling party loyalist to become new BoT chair
Appointment of Kittiratt Na-Ranong will increase concerns about erosion of bank’s independence
Geoeconomic reserve management
The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.
Geoeconomic reserve management
The world order is evolving and geopolitical risks are heightened. Geoeconomic fragmentation is a real concern for reserve managers.
Covid stimulus did not trigger US inflation surge – NBER study
Working paper says QE and fiscal stimulus had minimal impact on price rises
Paper offers solution to EME monetary transmission puzzles
Price and exchange rate conundrums are interconnected, authors find
E-krona adviser on offline trials, legislative changes and rollouts of CBDCs
Sveriges Riksbank’s Johan Schmalholz speaks about latest CBDC developments on sidelines of Central Banking’s Windsor training series
GCC central banks follow Fed by reducing rates
Saudi Arabia, UAE and Bahrain opt for 25bp cuts, while Qatar loosens by 30bp
Banxico working paper tackles ‘loan puzzle’
Study finds that banks increase credit to low-delinquency sectors following policy tightening
Fed makes post-presidential election rate cut
Chair Powell stresses Trump’s election as president will have no effect on policy in the near term and he has no plans to resign at Trump’s request
Europe’s central banks diverge on monetary policy
Norway holds, while Albania, Czech Republic and Sweden proceed with cuts
Bank of England cuts policy rate to 4.75%
Policy committee votes by 8–1 to reduce bank rate by 25bp
Brazil maintains tightening stance with 50bp hike
Policy committee cites strength of economy and external uncertainty as reasons for unanimous decision
Thailand delays selection of central bank chair
Decision follows warning against political interference from four former governors
BoJ holds policy rate
Central bank highlights need to monitor US economic developments and domestic data