Monetary Policy
CBRT cuts main rate to 36%
Governor blames stalling disinflation on supply-side pressures
Central bank heads agree on consensus, but reject groupthink
French, Nigerian and Swiss chiefs discuss their diverse approaches to monetary policy decision making
RBNZ chief economist values greater freedom to share policy views
Paul Conway also says central bank flexible about potential mandate change
PBoC considering making overnight rate its benchmark
Governor says rate already ‘benchmark-like’ as he unveils onshore FX pilot and other measures
Warsh is not silencing the Fed, he’s making it speak with one voice
Without the dot plot, markets would rely more on the chair's words to assess the path of rates – although 10-year yields shows the limits of the Fed's influence, argues Marcello Minenna
Lagarde sees slower pass-through after bond sell-off
Higher yields will limit knock-on effects from energy shock, ECB president tells IMF meeting
Warsh: I’ve focused too much on monetary policy
Fed chair vows to pay more attention to supervision, payments systems and consumer affairs
Little evidence of second-round inflation in UK – Bailey
BoE governor says economy more resilient than expected, amid signs of AI investment
Pre-emptive policy has built credibility, says Georgian governor
Enriched monetary policy toolkit assesses whether shocks are transitory in a volatile world
Overnight rates hitting MRO no sign of failure, says Välimäki
Bank of Finland board member outlines preferred view of new ECB structural operations
Fiscal consolidation still possible in France – Moulin
BdF governor says Europe facing twin shock from surge in energy costs and bond yields
Singapore surprises with pause in tightening cycle
MAS says decision made against backdrop of rising inflation, but expects price growth to slow next year
Hammack: explaining Fed moves is accountability via transparency
Cleveland Fed CEO says setting out the reaction function is not the same as forward guidance
BoK to review use of dot plot it debuted this year – Shin
Governor aims to find forward guidance ‘sweet spot’ and says any review will wait until at least next year
Zoltán Kurali on the MNB’s monetary policy framework review
Hungarian deputy explains the rationale behind cutting the target from 3% to 2.5%, retaining a tolerance band and reducing meeting frequency
Monetary policy must be more agile during AI transition – study
Bank of Italy paper says inflationary developments offer more reliable guide than long-term r*
Tanzania, DRC and Kenya keep rates on hold
Countries face different risk factors, though Middle East conflict remains common thread
Uruguay raises rates for first time in 18 months
Central bank says hike is ‘proactive’ measure to mitigate risk of inflationary pressures spilling over
Peru unexpectedly holds rates amid rising inflation
BCRP maintaining ‘hawkish stance’ by leaving open possibility of rate adjustment, economist says
Iceland holds as economy slows
Central bank keeps policy rate at 8% in unanimous vote
Rising inflation prompts first RBI hike since 2023
Bank announces shift to calibrated tightening, with near-term rate cuts ‘off the table’