Monetary Policy
Argentinian central bank takes drastic action over currency crisis
BCRA hikes key rate by 500 basis points and pledges major forex and debt changes
Weak inflation keeps rates at record low in Israel
Bureau of statistics revised economic forecasts upwards in the face of solid growth
The perilous road to normality
Many central banks are starting to tighten policy, but their room for error is limited and their final destination unclear. What more can they do?
Trump and Erdoğan: cut from the same populist cloth
Barry Eichengreen compares the respective strongmen of the US and Turkey, as the latter country spirals towards crisis
US stimulus could accelerate policy normalisation – IMF research
Higher growth could increase imbalances and fuel calls for more protectionism
Trade uncertainty keeps Bank of Mexico on hold
Central bank leaves interest rates at 7.75%; revises up inflation expectations
Philippines central bank makes biggest hike of 2018
Central bank raises interest rates by 50bp on the back of mounting inflation pressures
Strong US economy reduces risks from normalisation – Barkin
Richmond Fed president points out consumers are increasingly concerned about tariffs
Turkish lira plunges again amid looming sanctions
Finance ministry to unveil ‘new economic model’, as central bank struggles to support the currency and officials seek to avoid fresh US sanctions
No rate hike likely until 2020, says RBNZ’s Orr
Central bank leaves interest rates on hold as concerns around growth and inflation emerge
Argentina creates new monetary policy committee
Central bank leaves rates unchanged on high inflation pressures
NY Fed’s Potter: technical tweak helped avoid breaching target range
Effective federal funds rate has been rising in the target range, but head of markets says he does not see much evidence of rates becoming more sensitive to reserves balances
PBoC acts to rein in renminbi depreciation
Reserve requirement makes it more expensive to short-sell yuan, the first effort by the central bank to stem the currency’s three-month slide
Changes in interest rates impact richest 20% more than the poor – Kganyago
South African governor says microloans are shaped by factors other than monetary policy
Brazil needs loose policy to safeguard recovery – IMF
Central bank held rates unchanged at record-low level on August 1
BoE mulls post-QE balance sheet policy
Central bank is “minded” to retain its floor system for setting rates, but demand for reserves is an unknown quantity
CNB hikes in bid to tame inflation
Strong growth is boosting salaries and consumption in the Czech Republic
BoE lifts rates despite signs of a global weakening
MPC votes unanimously to raise rates to 0.75%
Fed keeps rates unchanged but points to strong economic activity
FOMC says it expects to implement gradual increases in federal funds rate