Monetary Policy
Central bankers in favour of climate change goals in mandates
Central Banking’s Climate Risk Summit shows community rapidly embracing green policies
New York Fed expands year-end repo operations
More cash to be made available both overnight and in term repos
Lagarde promises wide-ranging review of ECB monetary policy
ECB to form digital currency task force as Lagarde calls for EU action on green finance
Turkish central bank slashes rates for fourth time straight
Move was larger than many had expected, and comes as inflation re-enters double digits
Bank of Israel digs in for long fight against strong shekel
Central bank has “plenty of patience”, says monetary policy-maker
Brazil lowers rates to record-low 4.5%
Weak growth requires interest rates “below the structural level”, says the central bank
FOMC calls halt to cutting cycle
Unanimous decision keeps rates on hold; Powell signals no move likely for some time
Brazil likely to end easing cycle with 50bp rate cut
Record-low rates will suffice to boost growth in 2020; inflation up on weaker real
Sri Lankan government may not pass central bank reform – adviser
Former governor’s comments come as IMF praises draft law on central bank inflation targeting
PBoC’s monetary policy framework not likely to change – RBA research
Institutional structure prevents alignment with international peers
Eurozone banks sharply increase voluntary TLTRO II repayments
Firms appear to be preparing for second series of TLTRO III later in December, analysts say
Turkish central bank faces sluggish economy and political pressure
Updated policy framework includes major increase in MPC meetings, but few other changes
RBI on hold despite weak growth and inflation
Committee votes unanimously to wait for more data despite seeing “space for future action”
Chilean MPC abandons easing plans amid political unrest
Currency fell sharply in November following prolonged street protests
Fed’s supervision may have added to repo turmoil, Quarles says
Fed will re-examine effects of supervisory approach, vice-chair tells US lawmakers
Mauritius to roll out forward-looking policy framework
New monetary policy operating framework will look to smooth yield curve
ECB’s QE boosts equity prices beyond fundamentals – DNB research
Negative sovereign bond yields encourage investors to increase exposure to riskier assets