Monetary policy decisions
Controversial nominee joins Paraguayan board
Central bank continues tightening process with fourteenth straight hike as inflation slows
PBoC raises FX risk reserve ratio for forward trading
Move is the Chinese central bank’s latest attempt to slow the yuan’s decline
Guatemalan central bank orders 25bp hike
Central bank raises rates to highest level since 2017
Central Bank of Brazil pauses tightening cycle
Latin America’s leading central bank says holding rates may be enough to reach inflation target
SNB abandons negative rates
Jordan says Swiss central bank’s use of negative rates was effective
Norges Bank hikes rate by 50bp for third time in a row
Norwegian central bank revises inflation forecast up and future GDP estimate down
BoE hikes rates 50bp as fiscal policy increases uncertainty
Divided MPC approves rate increase, but several members call for more aggressive hike
Fed raises interest rate 75bp for third time
Powell reiterates pledge to “keep at it” until inflation is back to 2%
Mongolia makes 200bp hike
Central bank has doubled rates since start of year
Riksbank implements first ever 100bp rate hike
Interest rates increased to 1.75%, expected to peak at 2.5% in 2023
PBoC leaves key lending rates unchanged
Chinese central bank pauses monetary easing as yuan falls to two-year lows
Argentina continues rate rises
Central bank increases headline rate by 550bp to 75%, but inflation continues to rise
West Africa central bank orders second rate rise of 2022
MPC says drought, unrest and global commodities shocks are driving up inflation
Costa Rica continues tightening with 100bp increase
Central bank cites concerns about rising inflation expectations and second-round effects
Peru slows down tightening cycle to 25bp hike
Central bank had implemented 50bp rate increases every month since September 2021
ECB raises rates by 75bp for the first time
Lagarde warns monetary policy will not bring energy prices down
Joseph Stiglitz on the challenge of fixing macroeconomics
The Nobel Prize-winning economist discusses the flaws in mainstream models and how to repair them, whether central banks went wrong in 2021, and what to do – or not to do – about inflation
Rates round-up: Canada opts for 75bp raise
Chile surprises with larger hike, while Poland nears peak rates with 25bp increase
RBA raises interest rate to seven-year high
Governor Philip Lowe acknowledges impact of rate hikes on people’s spending
Curaçao and Sint Maarten raises rates 150bp
Islands track Fed policy as inflation puts pressure on growth, trade balance and reserves
Guatemala and Dominican Republic raise rates
DR says inflation is “moderating” and economy is strong; Guatemala notes second-round effects
Hungary raises interest rate to 11.75%
Central bank official cites inflation and dispute over rule of law
Bank of Jamaica hints rate rises may be ending
MPC increases policy rate 50bp and says 6% may be “appropriate”
Uruguay continues policy tightening
Policy-makers say inflation and expectations are stubbornly high