Monetary Policy
SBP hikes to 12.25% as inflationary risks grow
Government has been borrowing heavily from central bank and rupee has weakened
Open and closed economy central banks react differently to inflation – research
Some economies respond more strongly to certain variables, Fernando Leibovici says
Senior Fed officials call for overshooting inflation target
Kashkari says Fed acted too early in tightening while Brainard says policy must meet ‘new normal’
Reserve Bank of Malawi cuts rates to 13.5%
Central bank lowers inflation forecast while raising GDP growth forecast
Weidmann warns trade war likely to hurt US more than Germany
Bundesbank president says policy normalisation should continue
Bank of Jamaica lowers reserve requirements further
Second reduction this year could be conflicting with currency concerns
Risk of hitting ZLB in next three years is low – San Francisco Fed paper
ZLB should not be a concern for monetary policy at this stage, researcher says
Norway’s revised budget adds to pressure for tightening
Analysts think higher public spending could reinforce Norges Bank’s tightening cycle
Quantitative easing: a never-ending story?
The Fed is cutting the size of its balance sheet, but is unlikely to reduce it to pre-crisis levels
Trump urges Fed to help win the trade war
Fed’s Williams says tariffs are starting to wear on the economy
Cooling economic activity in China paves way for more stimulus
Policy-makers may turn to fiscal stimulus rather than monetary easing
Minneapolis Fed president calls on Fed to ‘re-tool’ labour market analysis
Wages are a better means of estimating labour market slack, Kashkari says
Zhou on four key decisions that forged the modern-day PBoC
Zhou Xiaochuan shares his insights on central bank leadership in China’s economic reform
BoE to expand scheme that sends economists to emerging markets
UK government partners with BoE to provide economic expertise to emerging markets
San Francisco Fed researcher seeks to improve Phillips curve
Introducing an “interaction variable” can increase predictive performance, researcher says
Fed should consider yield curve targeting – Brainard
NY Fed research outlines how US central bank could target longer-run interest rates
Norges Bank governor says new hike rate ‘likely’ in June
Norwegian central bank holds rates, but Olsen says balance of risks means further hike is likely
Turkish central bank tightens monetary policy by the back door
Central bank tries to prevent currency falling amid political pressure not to raise policy rates
Philippines central bank cuts rates as Q1 GDP growth falls
Second country in Southeast Asia to ease monetary conditions after Malaysia
Haldane outlines vision of locally-modelled economies
BoE chief economist backs Raghuram Rajan’s idea of a revival of communities
RBNZ cuts rates to new low on ‘subdued’ outlook
Central bank opts to cut the policy rate despite being broadly on target, citing “headwinds”
Rwanda slashes rates to record low of 5%
Governor predicts steady growth for the country