Monetary Policy
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
Malaysian central bank delivers fourth straight 25bp hike
Inflation remains relatively subdued despite strong second quarter growth
Book notes: Yellen, by Jon Hilsenrath
Offers new insights into the tough decisions Yellen has made as a pre-eminent economic policy-maker
Bank of England rate hike is largest in over 30 years
MPC forecasts prolonged downturn and says it does not foresee rates rising to 5.25%
HKMA raises interest rate after Fed’s hike
Eddie Yue says US rate rises will not affect Hong Kong’s stability
Armenia raises policy rate by 50bp
Fleeing Russians are helping to drive inflation, central bank says
Philippines governor announces rate rise in two weeks’ time
Governor Felipe Medalla gives forward guidance on intensified rate hike after Fed decision
Fed raises rate as Powell hints at further rises
Data suggests Fed will need to hike higher than previously expected, chair says
Dominican Republic signals possible end to hikes
Board orders 25bp rise but says policy rate has reached “appropriate level”
Egypt raises policy rate and floats currency
Central bank decisions come as IMF signs preliminary deal for further $3 billion loan
Bank of Russia says Putin’s mobilisation will hit demand
Kazakhstan rates rocket, while Azerbaijan central bank warns about fiscal policy
US consumers may be listening more to Fed comms, researchers say
Consumer expectations becoming more informative and less sticky, survey data suggests
RBA hikes interest rate to nine-year high
Governor Philip Lowe signals more rate rises amid highest inflation in 32 years
Liquidity dependence may hamper QE exit
Expanding reserves may prove perilous for financial stability, with maximum danger during QT, writes Viral Acharya
Colombian central bank increases rates to 11%
Food inflation and demand are stronger than in other Latin American countries, governor says
Brazil’s central bank holds rates and warns of fiscal problems
BCB leaves Selic rate at 13.75%, stressing lower inflation is partly due to subsidies
Costa Rican board says it will slow rate rises
Central bank orders 50bp increase, but says cycle will continue at “lesser rhythm”
BoJ maintains ultra-loose monetary policy
Kuroda says BoJ has no plans to tighten policy soon and warns over risks from weak yen