Operating framework
Fed paper explores rate hike impact on money markets
Monetary tightening likely to impact flows in and out of Fed’s overnight repo facility
Inflation targeting’s time may be over, Adam Posen says
Posen says changes to global economy may necessitate complete rethinking of monetary policy
Taiwan academics call for central bank reform
Academica Sinica says the central bank could invest part of its foreign reserves into a SWF
UK’s possible next prime minister promises BoE mandate change
Liz Truss says situation now “very different” to when central bank’s mandate was laid down in 1997
Australian government to review RBA mandate and governance
Review will look into the board structure and performance, after RBA suffers criticism over policy choices
BoI’s Yaron stresses flexibility offered by inflation target range
Bank of Israel has been studying the possibility of modifying its inflation target
Bangladesh Bank orders second rate hike
Central bank publishes monetary policy for 2022–23
Botswana hikes newly introduced policy rate
Central bank announces first rate increase since 2008 as inflation stays in double digits
RBI bolsters liquidity framework with standing facility
New deposit facility will play a role in both monetary and financial stability
Research provides deeper look into Riksbank’s policy decisions
Swedish central bank developed a flexible, faster deliberation process when dealing with pandemic
RBA preparing changes to open market operations
Assistant governor says reforms needed as liquidity and monetary policy evolves
IMF says Sarb should consider lowering inflation target
Lower inflation could bring various benefits, but only “when circumstances allow”, say staff
BoJ launches unlimited 10-year sovereign bond purchases
Central bank steps in as investors put pressure on yield curve target, despite low inflation
Bank of Canada renews monetary policy framework
Central bank conducts first “systematic” study of other frameworks since it adopted inflation targeting
BoE opens sharia-compliant facility after six years of work
‘Wakalah’ liquidity facility designed to address disadvantage faced by Islamic banks
Colombian central bank leaves inflation target unchanged
Rise in inflation is likely to prove transitory, board says, as it sticks to 2% to 4% range
Fed’s Bullard believes a ‘five-year window’ for AIT is ‘realistic’
Too much precision can “get you into trouble”, says St Louis Fed chief
BoE report sheds light on Covid market operations
Surge in scale and frequency of operations amid switch to work from home created “issues”
Brainard cites Delta in dovish speech
Fed governor warns “employment is still a bit short of the mark” for taper
FOMC doubles ceiling for reverse repo bids
Participating institutions can now borrow up to $160 billion per bid
OECD urges RBA to review policy framework
Recommendation comes just weeks after governor dismissed the idea
Canadian governor outlines next phase of policy
Governor says Bank of Canada will keep asset holdings unchanged in “reinvestment phase”
Danish central bank positive on ECB strategy review
New 2% symmetric target could boost inflation; climate change may impact price and financial stability
Too great expectations from the ECB’s strategy review
The review process represents operational best practice, but will fail to unify the Governing Council