Monetary Policy
Nigeria raises policy rate by 100bp
MPC cites external tightening and conflict as sources of rising inflation
Fed faces years of losses as interest rates rise
QE brought major interest rate risk onto central bank’s balance sheet
China holds key lending rates
PBoC continues to diverge from counterparts overseas as it sticks with easy policy
Australian government to review RBA mandate and governance
Review will look into the board structure and performance, after RBA suffers criticism over policy choices
ECB readies first hike since 2011 as it faces policy ‘trilemma’
Central bank forced to choose among price stability, fragmentation risk and market functioning
Bailey says bigger hikes and faster QT ‘on the table’
BoE governor says MPC is willing to act “forcefully” to prevent inflation persisting
Larry Summers says Fed suffers from dangerous groupthink
Former Treasury secretary argues a massive recession is needed to combat inflation
Australians can bear rising borrowing costs – RBA deputy
But Michele Bullock warns of greater financial burden for recent homebuyers
Labour supply key to understanding inflation, Shin tells G20
Understanding labour market is critical task for policy-makers, BIS head of research says
Why fears about quantitative tightening are overblown
The benefits of collateral availability may outweigh the monetary liquidity withdrawn by central banks
IMF says US faces hard balancing act
Excessive tightening by the Fed could cause negative spillovers for global economy, fund warns
Chilean central bank makes surprise 75bp rate hike
Board takes interest rates to highest level since 1998
Singapore and Philippines make unscheduled policy decisions
Central banks tighten policy as inflation continues to rise and US releases inflation data
Bank of Canada hikes 100bp in bid to outpace inflation
Canada front-loads path to higher interest rates with biggest hike in 24 years
BoI’s Yaron stresses flexibility offered by inflation target range
Bank of Israel has been studying the possibility of modifying its inflation target
US experts believe inflation will fall, eventually
CPI inflation surges above consensus forecasts, but economists expect a turning point soon
Macro indicators are most-used metric for monetary policy impact assessment
Trend most common among European and African institutions
Bank of Korea lifts key rate by half a point to fight inflation
Central bank also warns of high downside risks to the economy
New Zealand’s central bank delivers third straight 50bp hike
Analysts predict RBNZ will start slowing down the pace of rate hikes from October
Sri Lankan governor warns of danger to IMF deal as chaos mounts
Weerasinghe says talks over IMF bailout package must continue, as president tries to flee country
Monetary policy-makers’ votes still usually anonymised
Votes concealed most among lower-middle and low income institutions
Rising inflation still stalks major Latin American economies
Tighter monetary policy in Brazil, Chile and Mexico is failing to bring inflation down
Book notes: Harry White and the American creed, by James Boughton
This book offers a deeper understanding of the IMF founder, but fails to resolve espionage charges
Bank Indonesia may raise interest rates this quarter, says governor
Central bank’s cautious approach to tightening contrasts with global trend