Monetary Policy
Trump claims Fed is giving China the upper hand
Chinese president “can do whatever he wants”, Trump complains
BoE officials say central bank still on course for a hike
Rate hikes still most likely course of action, but Brexit could drastically alter outlook; strong labour market data strengthens case for tighter policy
Chile’s central bank surprises markets with ‘out of the blue’ rate cut
Lower growth and weak commodity prices push board to cut rates by 50 basis points
PBoC ramps up liquidity support for commercial banks
Injection is the second largest loan of its kind on record
Draghi strikes downbeat note as ECB extends policy rate hold
ECB president expresses concern over eurozone manufacturing and global tensions
Costa Rica lowers reserve requirements on domestic currency
Move follows IMF recommendation to boost domestic currency use in highly dollarised economy
Carney warns of ‘global liquidity trap’
BoE governor says model of “capital flows at risk” highlights important vulnerabilities, but reserves may still be too big
RBI cuts rates again amid growth and non-bank concerns
Fresh trouble in the non-bank sector raises concerns over broader financial system
Kenya’s rate controls caused ‘collapse’ in credit – IMF paper
Caps undermined central bank’s control over signalling policy stance, researchers find
Dominican Republic announces easing measure
It is necessary to react to “unstable” global economy, governor Héctor Valdez Albizu says
Fed stands ready to act, says Powell
Federal Reserve will “act as appropriate” to sustain growth amid uncertainty from trade negotiations, says chairman
Bullard says Fed may need to cut rates ‘soon’
Market-implied probability of a cut in September now above 80%
Australia cuts rates to record low
Weak inflation and declining property market push RBA to cut rates
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Sri Lanka cuts rates as economy feels effects of Easter attacks
Economy was rebounding in Q1, but appears to have been knocked back, central bank says
Potential Fed nominee wants changes to interest rate policy
IOER hurts private sector entrepreneurialism and gives banks wrong incentive, Judy Shelton says
Fed’s Quarles casts doubt on leaning against the wind
But we “do not fully understand” the potential trade-offs, he says
Bank of Canada on hold as policy-makers eye Q2 rebound
Strong job growth and recovering business investment contrast with trade tensions
Australia poised for rate cut as economy continues to weaken
Low inflation and a declining property market make case for reversal of earlier stance