Monetary policy
Bank of Korea holds rates and raises inflation forecasts
Governor says interest rates could stay high for more than six months
RBNZ’s Orr backs use of indigenous language
Governor defends services in Māori as new government vows to cut use of indigenous language
A turning point for reserve managers?
After many central banks’ reserves declined in 2022, how should managers evaluate their fixed income investment policies in an uncertain period following years of unprecedented shocks?
Karnit Flug on the Bank of Israel’s emergency responses and challenges ahead
The former Israeli central bank governor and current vice-president of the Israel Democracy Institute speaks with Christopher Jeffery about the BoI’s targeted emergency responses, economic uncertainties and central banking independence
IMF says Bahamas must tighten monetary financing rules
Country adopted new limits on central bank loans in April, but IMF says cap still too high
German inflation falls to 2.3% in November
Falling energy prices lower inflation in the eurozone’s main economy
RBA’s Bullock says economic activity is stronger than expected
Australian central bank sees second-round effects as businesses pass cost rises on
Bank of Israel keeps interest rates unchanged
Yaron warns government over fiscal policy as central bank cuts growth forecast
The ECCB’s Timothy Antoine on currency union, cooperation and DCash 2.0
The ECCB governor speaks with Christopher Jeffery about maintaining a currency zone, addressing climate and cyber risks, the decline in correspondence banking and lessons learned from issuing a retail CBDC
Parliamentary committee calls for BoE governance reforms
Report urges simpler mandate, greater “diversity of thought” and regular reviews
Japanese inflation increases to 3.3% in October
Food, energy and services inflation boost price increases
ECB willing to hike rates further, say minutes
Governing council stresses it needs to be persistent and vigilant to bring inflation to 2% target
Turkish central bank raises rates above market expectations
MPC hints it may be near end of tightening cycle despite continuing high inflation
Riksbank keeps policy rate at 4%
Most analysts think the Swedish central bank has reached peak rate
Eurozone banks show “early signs of stress”, ECB warns
High interest rate will test eurozone’s resilience while some non-banks are at risk, review says
Nigerian central bank again postpones policy meeting
CBN has not held policy meeting since May despite 10 months of rising inflation
Milei wins, putting the BCRA in the firing line
Candidate has promised to abolish central bank and encourage dollarisation
IMF renews Mexico’s flexible credit line
Two-year deal provides Mexico with $35 billion in case of crisis
Fixed income in reserves
Central Banking speaks to four officials about their fixed income investments and how monetary policy and inflation interact with reserve management.
European Commission lowers 2023 GDP growth forecast
EC expects eurozone economy to expand by 0.6% this year
Albania, Armenia and North Macedonia make policy decisions
North Macedonia pauses tightening as Albania’s continues, while Armenia faces 0% inflation
Moldova cuts rates steeply while Romania holds
IMF says Moldovan central bank has largely neutralised second-round effects
BoE unveils monetary policy shocks database
Data reveals change in markets’ focus since introduction of “Super Thursdays”
Crisis-stricken Israel has faith in central bank
Economists tell Central Banking the government must radically change fiscal priorities