Inflation
Two Fed governors say there is no need for rapid rate cuts
Cook and Waller call for caution but welcome some labour market developments
Dallas Fed analysis explains puzzle of strong US economy
Authors say US has enjoyed favourable supply-side conditions that others missed out on
Anchoring inflation expectations increases FDI – research
Adopting inflation targeting also increases investment, researchers find
Policy round-up: Switzerland and Czech Republic cut rates
Norges Bank holds rates in face of uncertainty
RBNZ should focus on fewer labour market indicators – paper
Researcher proposes using ‘high-quality’ indicators to monitor inflationary pressure
Banxico cuts rates by 25bp
Mexican central bank says risks are tilted to the upside
Central Bank of Brazil cuts rate by 50bp
Copom says it expects to do the same at its next meeting in May
BoE holds policy rate as MPC flags persistent inflation
Headline price rises forecast to drop below 2% within months, but wage growth remains high
Monetary policy should account for energy shocks, says study
Energy price hikes may cause spiral of higher unemployment and lower spending, paper says
FOMC holds rates again
Experts say Federal Reserve faces difficult choices despite easing inflation
PBoC keeps benchmark rates unchanged
Markets expected decision to hold one-year and five-year loan prime rates
Carstens calls for ‘greater realism’ on what policy can deliver
Monetary policy should avoid “excessive fine-tuning”, BIS chief says
PBoC holds key policy rate
Central bank holds off easing amid yuan weakness and banks’ narrowing margins
New study finds uneven impact of changing energy costs
Energy prices more likely to affect product prices than wage increases
BoJ may scrap ultra-loose policy at March meeting, reports say
Policy-makers could be mulling speedy end to yield target and negative rates
Bank of Canada holds interest rate targets
Governor expresses fear of underlying inflation becoming stuck above 2% target
ECB holds rates again, cuts inflation projections
Lagarde hints that any cut is likelier in June than April, says bank is watching wage data
Malaysian central bank holds rate
Monetary authority and government working together to encourage inflows to shore up currency
BIS research points to ‘slower disinflation ahead’
Breakdown of post-Covid surge finds services prices playing bigger role
China sets 5% growth target
Economists question whether government can achieve GDP goal, given weakness in economy
Supply shocks driving eurozone inflation, ECB study finds
Rising food and energy costs are main contributors, along with hangover effects from pandemic
‘Cost of money’ explains depressed US consumers – NBER research
Larry Summers and co-authors highlight “disconnect in inflation measurement”
Fight against inflation is not over yet – BoK research
Authors call for holistic assessment of rising prices, despite encouraging signs in major economies
New Zealand central bank holds policy rate
RBNZ says inflation risks have become “more balanced”