Monetary Policy
Russian central bank raises rates and warns of more to come
Nabiullina says inflationary pressures are rising and warns of effects of bigger fiscal deficit
Sarb pauses rate rises in split decision
MPC votes 3–2 to hold rates at 8.25% after inflation falls within target range
Book notes: Forks in the road, by C Rangarajan
A memoir by one of India’s most distinguished governors, who presided over the balance-of-payments crisis
Nagel calls on German government to tighten fiscal stance
Public spending needs to fall to lower inflation, says Bundesbank president
Brazilian central bank denies censoring board members
Dispute highlights possible political divisions as president Lula appoints officials
PBoC steps up support for yuan
Chinese central bank eases limit on firms’ overseas borrowing and keeps key rates unchanged
Monetary Policy Benchmarks 2023 report – navigating uncertainty
Benchmark data highlights ongoing evolution in policy frameworks as central banks move beyond the pandemic – and into the high-inflation period
ECB needs to maintain tight policy, says IMF
Policy rates, rather than quantitative tightening, should be main tool, IMF directors say
Guillermo Avellán on BCE independence, capacity-building and dollarisation
Ecuador’s general manager speaks about bolstering legal autonomy, dollarisation, payments and gold production
IMF grants Burundi $271 million loan
Burundi must liberalise currency regime, end central bank financing and tighten policy
German inflation to fall again from September, says Bundesbank
One-off effects boosted inflation from 6.3% in May to 6.8% in June
ECCB launches new website
Updated site accompanies “virtual museum” on Eastern Caribbean Central Bank
BoJ announces details of monetary policy review
Central bank plans to engage with experts, business leaders and public over policy framework
PBoC holds key rate amid lacklustre GDP growth
Chinese economy grew 6.3% in second quarter, missing expectations by a full percentage point
Bank of Canada raises rates despite falling inflation
Governor warns progress towards price stability “could stall”
ECB’s monetary policy is taking effect rapidly, says Lane
But chief economist warns tighter financing conditions could cause eurozone contraction
South Korea’s central bank holds rates steady again
Governor says board agreed restrictive policy should continue for a considerable time
Advanced economies more likely to publish minutes
Average central bank publishes minutes around two weeks after a policy decision
Senad Softić on governance, currency boards and EU convergence challenges
Central Bank of Bosnia and Herzegovina governor speaks about governance, managing a currency board and modernising payments
Bank of Canada raises rates 25bp
Central bank now predicts inflation will return to its 2% target in mid-2025
Should the ECB disclose governing council members’ votes?
Some former officials argue it would reduce leaks and conflicting statements
RBNZ halts tightening cycle
Central bank says policy rate will need to remain at a “restrictive” level for some time
Proportion of central banks observing blackout period rises
AE respondents remain much more likely to employ the practice
Bank of Israel halts tightening cycle
Central bank signals it could raise rates further if inflation does not continue falling