Monetary Policy
Fed to begin shrinking balance sheet ‘relatively soon’
Rates remain on hold as FOMC eyes below-target inflation
Favourable inflation prompts 100bp cut in Brazilian interest rate
Central bank continues easing cycle as political uncertainty not feeding through to inflation
Evolution of monetary policy in advanced economies spells trouble for emerging markets – paper
Research explores the impact future monetary policy will have on emerging markets
Neutral rate down to around 3.5% in New Zealand – RBNZ deputy
Rate is challenging to estimate, but central bank’s models and surveys suggest it has fallen
Uzbekistan to press ahead with forex reforms
Authorities plan to “frontload” efforts to unite black market and official exchange rates
Inflation expectations down in ECB forecaster survey
Forecasters see inflation falling slightly, despite rising employment and GDP growth
Mozambique central bank praised for monetary framework overhaul
IMF staff approve of changes made towards interest rate corridor
ECB will look afresh at policy this autumn – Draghi
Draghi says recovery is continuing, but strikes cautious note on inflationary pressures
Sarb takes action amid ‘extremely weak’ demand
Central bank revises down its forecasts as economic situation deteriorates
Bank of Japan cuts inflation forecast as policy remains on hold
The BoJ cuts its forecast for prices as it struggles to hit its inflation target
Verbs matter in forward guidance – Italian paper
Researchers look at verbs used in ECB statements from 2002 to 2015
IMF praises Madagascar’s approach to monetary framework change
Madagascan central bank to introduce overnight deposit facility to form basis of interest rate corridor
The BoJ’s exit policy and balance sheet risks
Meticulous sequencing of events needed to ensure sustainability
Australia’s neutral rate of interest is around 3.5% – RBA minutes
RBA minutes show hawkish slant compared with policy statement released earlier this month
Fed paper: portfolio holdings have ‘statistically significant’ effect on rates
Research studies composition and impact of Fed’s Treasury portfolio from 1985-2016
IMF continues building up Somali central bank
Planned currency reform should give central bank ability to implement monetary policy
Draghi, quo vadis?
Jesper Berg warns improved outlook in eurozone creates a host of problems for ECB