Monetary Policy
Trump says Powell ‘let us down’
US president calls for looser policy and criticises Fed as Powell gives no clues on future path
Brazil’s central bank cuts rates to lowest level on record
MPC cites “benign” global outlook and low inflationary pressures, but calls for more reforms
Fed cuts rates and halts balance sheet reduction
Decision sees hawkish dissents from Kansas and Boston Fed presidents Esther George and Eric Rosengren
IMF must do better in policing currency manipulation – RBI’s Das
Governor says shortcomings in IMF surveillance have led to US pressure on alleged manipulators
BoJ ‘will not hesitate’ to ease further if risks crystallise
Central bank adopts dovish outlook, amid “significant” risks to economic activity and prices
Markets diverge on how far Fed will go
“There may be volatility in the markets later this week,” Fed-watcher says
Angola follows African trend of holding rates in surprise decision
Nigeria, Kenya, Egypt and Ghana have all held rates this month
Bank of Russia cuts rates and warns of slowing growth
Central bank says further cuts possible as it warns of falling exports and weak investment
Fed researchers gauge tightening from balance sheet normalisation
Tightening is ‘modest’ compared to accommodation provided by asset purchases, researchers find
BIS paper highlights new channel for Mundellian ‘dilemma’
Authors weigh financial channel as explanation for why trilemma has become dilemma
Draghi sounds alarm over eurozone inflation outlook
ECB will look at new methods for boosting inflation as Draghi toughens language
Turkish central bank makes largest-ever rate cut
Unprecedented 425bp cut will raise independence fears following governor’s dismissal
South Africa’s broad inflation target range ‘a mistake’, says Kganyago
Sarb governor complains that ownership debate is damaging country’s economy
Paraguay central bank cuts rates on weak growth and inflation
Trade tensions and looser policies in advanced economies open opportunity to stimulate economy
IMF calls on Brazilian legislators to pass central bank independence law
Staff welcomes new law blocking central bank transfers to the Treasury from reserves revaluations
Central Bank of Nigeria holds rates and pushes for lending boost
CBN governor also announces new protectionist policy
Fed’s floor could be ‘junked’ if credit surges – Goodhart
Credit demand and plentiful liquidity could be potent inflationary mix, Charles Goodhart says
Bank of Israel willing to hike rates in 2019 – minutes
Monetary committee left rates unchanged at 0.25% on July 8 due to global economic uncertainty
Central bank ‘put’ can harm market function – Kuroda
BoJ chief says easing measures are working, but central banks must be wary of side-effects
Chile’s central bank holds rate, but signals future cut
Rate-setters point to below-target inflation as main reason for future easing measures
New York Fed forced to clarify Williams’ speech
Spokeswoman steps in after Williams appears to hint at more aggressive policy cut
Philippines poised to cut rates as inflation cools
Governor Diokno hints at more easing if inflation is under control