Monetary Policy
PBoC holds key lending rates
Market-based lending rates remain unchanged as economic data remains mixed
PBoC overhauls monetary policy framework
Central bank aims for clearer policy rate, bigger role for bond trading and use of “structural” tools
Armenia receives support from IMF as inflation turns positive
Central bank carries out ninth consecutive cut but says inflationary pressures remain low
RBA holds rates as inflation stays above target
Australian governor says rate-setters did not discuss a cut and forecasts rising real incomes
PBoC holds key rate for tenth consecutive month
May data shows continued property downturn and improvement in retail sales and industrial production
BoJ to reduce its government bond purchases
Central bank will announce bond-buying details at next meeting and keeps rates unchanged
US politicians urge Fed to lower interest rates
Democratic senators and congress members say CPI likely to be “grossly overstating” inflation
How the Czech National Bank brought inflation down from 18% to 2% in two years
Governor Aleš Michl on the road to 2% inflation and future profitability
How to cut the interest cost of bank reserves – and how not to do it
William Allen says setting required reserves is not a straightforward decision for the Bank of England
African states should end fixed exchange rates, IMF official says
More credibility on monetary policy is best cure for “fear of floating”, Selassie argues
Bank of Thailand holds rate again
Policy-makers agree to hold rate despite government pressure to cut
BoJ hawkishness due to weak yen belies wage inflation concerns
The contrast in Japan-US economic, price and wage performance and their implications for monetary policies
BoE reserves framework drawn into political arena
Minor party’s proposal to axe interest on reserves highlights BoE’s costly operating framework
Riksbank updates benchmark rate calculation method
Swestr to become more robust, especially around year-end
Large central banks usually failed to quash inflation – Fed research
Soft landings are possible with early and parsimonious action, authors find
RBI holds rates as food inflation lingers
Normal monsoon could bring prices down, Indian central bank says
ECB cuts policy rate by 25 basis points
Strong eurozone wage growth rules out commitment to further cuts, says governing council
Bank of Canada reduces rates by 25bp
Macklem says runway for a soft landing is in sight and policy is working
How Argentina’s financial tango could become a dance of death
Central bank and government’s unholy alliance is storing up further trouble for economy
Atlanta Fed cuts second-quarter US GDP estimate
Bostic says “orderly slowdown” could be positive news
Lkhagvasuren Byadran on geopolitics, gold and 100 years of central banking on the steppe
Bank of Mongolia governor Lkhagvasuren Byadran speaks about monetary and financial reform, embracing AI and fintech, and Mongolia’s new SWF
Are low-level inflation targets still fit for purpose?
Geostrategic shifts make the case for a narrow price target less compelling
Beth Hammack named new Cleveland Fed president
Former Goldman Sachs executive will vote on Fed policy in 2024
QE should stabilise rather than stimulate – ECB’s Schnabel
Asset purchases have become conventional, but central banks should exercise caution