Monetary Policy
Eurozone banks’ TLTRO repayments are below market expectations
Slow pace of repayments may hamper ECB policy normalisation, some analysts say
ECB’s policy rate should reach 2% in December, Villeroy de Galhau says
Banque de France governor says “jumbo” rate hikes “will not become a new habit”
BoE officials reject criticism of forecast misses
Bailey says labour market dominates firms’ concerns and says Brexit has hampered economy
Bank Indonesia raises rates 50bp for third consecutive month
Warjiyo says “pre-emptive” move aims to bolster currency and dampen inflation expectations
Philippine central bank speeds up monetary tightening
Both key policy rate and inflation are now at highest levels for 14 years
Rates round-up: tighter policy in Uruguay, Rwanda and French Pacific
Persistent inflation prompts further rate rises in emerging market economies
RBA to return to “less specific” forward guidance
Central bank admits forward guidance during the pandemic was sometimes too complex
Hungarian government proposes change to central bank funding law
Move comes after MNB changes monetary policy framework amid foreign exchange turbulence
Fed outlook: officials urge caution amid uncertainty
Pace of rate hikes doesn’t need to be as “rampant” as recent moves, says Mary Daly
PBoC keeps key lending rate unchanged
Central bank sticks to accommodative policy as China faces slowdown
ECB’s Panetta warns tighter policy could inflict unnecessary damage
Monetary policy could permanently reduce potential output, argues ECB board member
Peru continues gradual policy tightening
Central bank hikes rates by 25bp and forecasts inflation will reach target level by mid-2023
Bank of Mexico takes rates to 10%
Banxico board follows Fed again, but hints tightening cycle may slow down
Serbia hikes for eighth consecutive month
Inflation is nearing peak and “slowdown was sharper than expected”, board says
RBNZ review says monetary tightening could have started earlier
Review endorses RBNZ’s pandemic measures, and calls for more attention to supply shocks
ECB eases securities lending limits to address collateral shortage
Governing council aims to provide “backstop for the euro area repo markets”
Romania continues tightening cycle at slower pace
NBR forecasts inflation will stay in double-digit range until first half of 2024
Nicaragua raises policy rate for sixth time this year
Country’s economy has recovered from long recession, but inflation remains high
Fed might make smaller rate hikes, says Susan Collins
Boston Fed president hopes FOMC can cut inflation with “relatively modest” unemployment
Albanian governor says latest increase brings rates to neutral level
Gent Sejko forecasts inflation will not reach central bank’s target until second quarter of 2024
Greener energy mix would foster price stability, says Lagarde
More use of renewables would reduce chance of energy price spikes
Kuwait breaks pattern by holding rates after Fed hike
Five other Gulf states, including Saudi Arabia and UAE, raised policy rates to match Fed
Lagarde says ECB may need to tighten above neutral rate
ECB president confirms central bank will announce QT plans in December
Norges Bank raises rates again
Norwegian central bank governor says MPC might continue to slow pace of increases