Monetary Policy
China announces 10bp cut in short-term interest rate
Decision comes days after central bank left benchmark rates unchanged
Philippines central bank cuts reserve requirement ratios
Move follows rate cut in August
Paraguay holds rates at 6%
Central bank points to positive signs in domestic economy and external environment
Pricing and funding pressures from BoE's QT hit gilt repo dealers
QT-driven funding cost rises combined with clients’ price demands see at least two banks pull back
PBoC keeps benchmark rates unchanged
Bank holds one- and five-year loan prime rates, despite weak economic data
Bank of Japan holds policy rate
Decision comes as core inflation accelerates for fourth consecutive month
Norges Bank holds rates and hints at easing path in 2025
Central bank says core inflation of more than 3% precludes cuts this year
Brazil raises policy rate by 25bp in unanimous decision
Central bank defies global easing cycle as domestic inflation remains above target
BoE keeps policy rate and pace of QT unchanged
Policy-makers back “gradual approach” to lowering interest rates
Hong Kong raises rate and Taiwan holds
Decisions come a day after Fed’s 50bp rate cut
FOMC initiates rate cutting with 50bp reduction
Experts say Fed’s credibility is not on the line, but Powell remains under significant pressure
Bank Indonesia announces surprising rate cut
Central bank aiming to boost growth amid stable inflation and global easing cycle
Alpana Killawala on communications under six governors at the RBI
The former RBI comms chief speaks about the importance of strategic communications, courting the media, open mouth operations and altering a governor’s ‘rock star’ image
Serbia follows ECB with 25bp rates cut
Central bank cites slowing domestic and global inflationary trends for its decision
Russia hikes rates by 100bp
Central bank says growth in demand for goods and services still “significantly outstrips” supply
Peru cuts rates by 25bp for second successive month
Policy rates among lowest in Latin America amid cooling domestic inflation
ECB cuts rates by 25bp
Eurozone growth projections revised downwards as German economy slows
Japan should gradually raise rates to around 1% – BoJ’s Tamura
Board member considers this to be country’s neutral interest rate
RBA reforms in limbo amid opposition
Opposition says it will not support government proposals
Costa: communication was key during high inflation period
Chile’s central bank governor says explaining price rises to public brought new challenges
FOMC members signal rate cut
Waller, Bostic, Daly, Schmid, Goolsbee and Williams speak towards balancing both sides of dual mandate
LatAm rate hikes consistent with pre-Covid strategy – BIS paper
Region’s central banks did not become more hawkish during pandemic, researchers argue
RBA’s Bullock says talk of rate cuts is ‘premature’
Governor says keeping down inflation helps support bank’s objective of maximising employment
ECB’s Cipollone positive about September rate cut
Data “confirms our direction of travel”, board member says