Monetary Policy
ECB holds and faces dilemma of whether to hike in June
Lagarde says direction is ‘clear’ as Iran conflict worsens outlook for inflation and growth
FOMC holds as Powell decides to stay on as Fed governor
Outgoing chair to remain on board, citing uncertainty over further potential criminal probes
Chile holds policy, pointing to rising risks from Iran war
BCCh says rate path will be considered meeting by meeting, given ‘greater than usual’ uncertainty
Bank of Canada holds amid surging petrol prices
Growth projections largely unchanged as long-term effects of Iran war remain unclear
Thailand holds policy as expected
BoT says Middle East conflict has had direct impact on domestic growth
BoJ holds rates and halves growth forecast
Three dissenting votes mark largest split under Ueda, who points to ‘significantly’ higher inflation
Schlegel suggests SNB prefers FX interventions to negative rates
President says central bank will adjust policy ‘if necessary’
BSP tightens to fight inflation caused by Middle East conflict
Governor says easing cycle is over as bank forecasts price rises of 6.1% this year and 4.1% in 2027
Indonesia holds policy as rupiah stabilisation efforts continue
BI says impact of Middle East conflict continues to affect currency’s value
PBoC leaves loan prime rates unchanged for eleventh month
Widely expected move comes after Pan reiterates ‘moderately loose’ policy stance
Policy-makers should learn to articulate uncertainty – panel
Central banks must be ready to communicate policy trade-offs, economists tell IMF Spring Meetings
Oil shock makes it harder to formulate monetary policy – Ueda
BoJ governor pledges to monitor data to ‘last minute’ before next rate decision
BCU’s comms strategy helped tame inflation, says Tolosa
Uruguayan governor says expectations are anchored for first time in 20 years
BoK, RBNZ, SNB and Spain to ‘wait and see’ on Iran war
Governors say policy should consider longer-term price effects of Middle East conflict
NY Fed outlines tests of reserves demand
Approach can guide central bank as it approaches point of ‘ample’ bank reserves
UK will not hit 2% inflation target over long term – BoE’s Mann
MPC member says sluggish productivity growth is also acting as ‘speed limit’ for economy
Singapore tightens policy for first time in four years
MAS notes ‘considerable risks’ to inflation and growth outlook since start of Middle East conflict
BoE’s Taylor emphasises role of history in policy-making
MPC member says central banks should focus on recurring themes but avoid making crude analogies
Sama’s Al-Sayari on financial resilience and the future of the riyal
The Saudi Central Bank governor speaks with Christopher Jeffery about the Middle East conflict, the transformation of the Saudi economy, improving prudential oversight and contingency planning, and the development of the fintech and tokenised ecosystem
Icelandic governor issues call to moderate wage demands
Central bank chief says country’s persistently high inflation can only be tackled through collective effort
Peru holds rates as inflation breaches target range
BCRP says impact of supply shocks, both domestic and international, will ‘gradually dissipate’