Interest rates
Government not to blame for inflation – Icelandic minister
Central bank had previously blamed price growth on pay policies plus effects of solar eclipse
New Zealand tightens policy as inflation remains above target
RBNZ says currently ‘lacklustre’ growth likely to accelerate after carrying out expected hike
Brazil unveils 2027 budget to rein in spending and borrowing
Debt dynamics to remain on upward trend over coming years, says economist
Warsh declines to outline Fed’s reaction function
Chair tells Jackson Hole that ‘humble, never naïve’ approach will work and assesses US economy
Tonga holds rates amid ongoing monetary policy reform
Pacific island’s central bank says inflation is running hot due to external price shocks
Book notes: The almighty dollar, by Brendan Greeley
The history of the currency that came to be ‘the dollar’ is the centrepiece in an otherwise confused book
Will Kevin Warsh’s communications gambit pay off?
Fed chair believes less is more with comms, but experts say time is ticking on his credibility
Paraguay holds rates for sixth time in a row
Central bank expects inflation, currently below target, to gradually increase to 3.3% by end of year
Thailand holds at 1%, as economists expect lengthy pause
Unanimous decision comes amid continued sluggish growth and higher inflation forecast
Sweden holds while Iceland tightens
Both Nordic central banks cite lingering inflation risk, but reach different conclusions
Reconsidering the role of money in monetary policy
Euro policy architect Otmar Issing argues that central banks must improve their flawed inflation targeting frameworks
Europe’s stability at risk if AI bubble bursts – ECB blog
Correction could freeze functioning of continent’s financial markets, say central bank economists
UK has a new prime minister, but the same fiscal woes
Debt, spending and bond markets present challenges for Burnham and BoE, say former MPC members
Comms staff need to reflect on how their messages are perceived
BoE’s Eric Tong discusses research probing how the public receives central bank messages via the media
Africa’s domestic debt shift raises costs and risks, BIS warns
Diversifying investor bases necessary to reduce reliance on central and commercial banks, study says
Trump downplays reports of regular calls with Warsh
Talks between president and Fed chair have precedent, but frequent communications would be unusual, economist says
RBA remains on hold and says inflation still too high
Economists predict interest rates in Australia will stay put until mid-2027
Yield curve data can improve estimates of r* – IMF paper
Results suggest r* has risen and help explain ‘soft landings’ after inflation surge
RBI on hold as inflation climbs above target
Few signs of “generalisation of price pressures”, says Sanjay Malhotra
Weather shocks impact the economy unevenly, study says
Central banks overlook the broader economic fallout of cold spells
Mampho Modise on payments reforms and the hierarchy of money
Sarb's deputy governor discusses conflicting crypto directives, wholesale CBDC plans, expensive remittance and a Brics gold-backed settlement unit