Inflation targeting
Colombian and Caribbean central banks hold rates
Colombian board ignores government’s call for cut, while Jamaica and Dominican Republic also hold
RBA continues to hold rates under new governor
‘Some further tightening of monetary policy may be required,’ Bullock says
Thai PM meets governor after unexpected rate rise
BoT said new government’s spending package is an inflation risk, as currency falls
Mexico and Guatemala continue to hold rates
Inflation is still falling, but Banxico expects rates will stay high for some time
More rate hikes may be needed, says Bundesbank’s Nagel
German governor has a soft landing as his baseline scenario
BoT unexpectedly raises policy rate by 25bp
Central bank cut inflation and growth forecasts for 2023, but raises next year’s projections
BoE publishes terms of reference for Bernanke review
Former Fed chair to provide insights into how to forecast in “significant uncertainty”
BoJ leaders divided on wage growth and timing of tightening
July minutes show disagreement over when firms will raise wages
Ghanaian MPC holds rates while Guinea opts for 50bp rise
Addison says Ghana’s growth will outstrip IMF forecast but reserves remain extremely low
South Africa and Egypt both hold policy rates
Sarb governor says job of fighting inflation “is not yet done”
Colombian policy-makers clash over rates
Finance minister wants “very small” rate cut, but central bank board member disagrees
OECD says interest rates should stay high ‘until well into 2024’
Report says monetary policy needs to stay tight until underlying inflationary pressures are lowered
BoJ keeps negative rates unchanged
Ueda says more time is needed to assess whether rising wages are supporting inflation
Latin America roundup: Brazil makes second 50bp rate cut
Paraguay eases rates down, while Costa Rica holds as negative inflation continues
Bank of England pauses for first time since December 2021
MPC votes 5–4 to halt cycle amid slowing inflation and a sluggish economy
Asian central banks hold rates
Philippines, Indonesia, Taiwan and Hong Kong stay put
Canadian official says mortgage rates not big cause of inflation
Kozicki says taking home loans out would make only small dent in core reading
New Zealand finance minister defends dual mandate
Robertson rejects calls for changed mandate and new regulator ahead of general election
Momentum builds to end RBNZ dual mandate
Think-tank calls for abolishing deposit insurance and creating new prudential regulator
West African central bank raises rates as crises continue
Authorities cite “rising uncertainties at regional level” and reduced aid after wave of coups
Freeland welcomes Bank of Canada rate pause
Finance minister qualifies statement as other politicians attack monetary policy
RBA’s Lowe defends record, but admits some mistakes
Outgoing Australian governor says guidance was wrong but that media worsened policy debate
Colombian government and private sector issue joint call for cuts
Finance minister talks of “economic deceleration”, but inflation is still in double digits
Chile continues rate cuts
Central bank lowers policy rate as economy shows signs of slowing