Monetary Policy
Chilean central bank hikes rates
Rate rise comes despite US Fed holding rates on January 30
BIS study asks whether central bank crisis actions de-risk the balance sheet
Authors study whether a central bank can influence its own risk, or if this is “wishful thinking”
Bank of Albania must resolve policy transmission issues – IMF
Issues with monetary policy transmission are obstructing efforts to hit inflation target
Bank of Ghana slashes further 100bp from policy rate
Action follows similar move in 2018, as inflation declines into the target range
Fed takes dovish stance as it clarifies long-run monetary policy
New statement seeks to clarify Fed’s balance sheet normalisation strategy
Riksbank open to reassessing normalisation if needed – af Jochnick
Sweden’s central bank increased rates in December 2018 for the first time since 2011
ECB to launch market expectations survey
Study aims to gather information on participants' views on future monetary policy evolution
Turkish central bank sees inflation outlook improving
Inflation undershot forecasts in latest period, having overshot them earlier in 2018
PBoC continues with communications overhaul
Central bank aims to publish Chinese and English communications simultaneously in the future
BoE opens doors for debate on the future of central banking
Event breaks new ground in central bank engagement with the public; participants offer both positive and negative feedback
BoJ minutes show disagreement over outlook
Not all members agree on how low 10-year yields should be
QE reduces inequality over medium term – Bank of Canada paper
Eurozone inequality rose after QE introduced but then fell, researchers find
Central bank comms affect long-run uncertainty – BoE paper
BoE’s inflation report has effects on long-run bond yields, paper finds
PBoC denies that new liquidity tool is a ‘form of QE’
Central bank bills swap is essentially quantitative easing, says one analyst
Norges Bank leaves rates unchanged
Central bank says it is still likely to hike rates in March 2019
Only Fed could respond to fresh downturn, Axel Weber says
Most central banks have no room for manoeuvre, says former Bundesbank president
Risks to eurozone growth are rising, warns Draghi
Uncertainty over trade and political instability are affecting confidence, ECB president says
Riksbank’s normalisation faces darker global outlook
Looser stance in the US and eurozone may hamper new hikes in Sweden
Korea’s sluggish economy dampens growth prospects
Bank of Korea revises growth forecasts and leaves interest rates on hold
BoJ cuts inflation forecast in fourth consecutive outlook report
Central bank maintains interest rates and yield curve control