Monetary Policy
Central bank independence key to low and stable inflation – IMF
Domestic factors more important than global financial forces, researchers find
RBI holds policy rate steady despite growing imbalances
Rupee is under pressure and current account deficit widening, but inflation risks are still limited
Bank of Uganda hikes rates for first time since 2015
Rising oil prices and exchange rate volatility prompt central bank action
Powell downgrades Phillips curve importance
Unemployment forecasts are not too good to be true, Fed chairman argues
Williams softens stance on neutral rate
“At times r-star has actually gotten too much attention”, says New York Fed president
Uncertainty over monetary policy is ‘recessionary’, researchers say
Forward guidance reduces uncertainty and supports the economy, paper finds
Dominican Republic keeps rate on hold
Inflation decreased to target in August
Global output gap matters for inflation – BIS paper
Authors find domestic and global output gaps both important, but effects differ across economies
Costa Rica government resorts to central bank financing
Government to use Treasury bills to finance growing deficit as public sector workers go on strike
Bank Indonesia raises policy rate in fifth hike since May
Rupiah is at lowest level since global financial crisis
Future balance sheet size hard to judge – BoE’s Ramsden
Reserves demand likely to become more important as QE winds down, deputy says
Poloz: ‘digital disruption’ makes it harder to track supply and demand
Technology brings net benefits but also makes the central bank’s work harder, governor says
Argentina adopts floating exchange rate regime to tackle peso crisis
IMF extends running standby arrangement to $57.1 billion
EBA warns on funding stresses from QE exit
‘Mediterranean’ banks’ reliance on repo funding could be tested by withdrawal of stimulus
BoE’s Vlieghe: QE unwind need not impact yield curve
Yield curve has flattened since BoE’s independence and is likely to stay that way- MPC member
Fed raises interest rates
Inflation is running above target and the economy set for a strong third quarter
Price pressures subside as Morocco holds interest rates
Headline inflation expected to average 2.1% by year end, central banks says
Turkey reinforces monetary tightening with fiscal caution
New economic plan considered appropriate by analysts, but currency instability remains
Booming US economy set against ‘fragile’ markets – BIS review
Claudio Borio highlights “worrisome” developments in the US