Monetary Policy
UN body warns central banks could set off global recession
UNCTAD report calls for price controls rather than rate hikes
US and Korea agree to set up liquidity facilities if necessary
It is still unclear whether the facilities would involve a currency swap line
Eurozone inflation reaches new record level
Energy prices are still main driver but eurozone’s core goods inflation also rose
Bank of Mexico raises rates 75bp for third time
Banxico raises inflation forecasts as analysts say it is likely to continue following Fed
Colombia orders ninth consecutive rate increase
Inflation rises above central bank projections as finance minister expresses frustration
French Pacific monetary authority raises rates
IEOM orders 75bp increase in deposit rate to combat inflation
Regional Fed presidents signal resolve and acknowledge recession risks
Fed’s Collins, Mester, Bullard, Evans, Kashkari and Daly speak on the path ahead for policy
Four African central banks take policy decisions
Morocco and BEAC increase rates and Tanzania reduces liquidity while Angola cuts policy rate
Nigerian MPC raises rates as inflation reaches highest level since 2005
Governor says inflation is gathering pace and next year’s election is increasing sovereign risk
The risks of a simultaneous and rapid global tightening
Economists call for a more co-ordinated and gradual increase in interest rates
Quantitative tightening: missed opportunities
Treasuries and central banks must think harder about balance sheet policies, says Philip Turner
Thailand’s central bank raises rates 25bp again
Inflation reaches highest level since 2008 as baht weakens
Some new monetary frictions
Negative net interest set to hit Fed earnings with monetary and fiscal policy implications
ECB will not consider QT until rates back to normal – Lagarde
Central bank holds close to €5 trillion in eurozone securities, over €4.2 trillion in public assets
Governments should raise taxes to support energy bills – ECB’s Lane
Firms must stop trying to make large profits or face tougher policy, ECB chief economist warns
Controversial nominee joins Paraguayan board
Central bank continues tightening process with fourteenth straight hike as inflation slows
IMF says it will not provide loans for Zimbabwe
Fund urges central bank to cease “quasi-fiscal operations” as official inflation reaches 285%
Turkish central bank cuts rates despite 80% official inflation
MPC says growth rate could be slowing, and warns of pressure on current account
BoE ‘monitoring developments’ amid market ructions
Many analysts had predicted early policy action from central bank
ECB’s green bond plan is insufficient, NGO says
ECB plan shies away from excluding high carbon output companies, says Reclaim Finance
PBoC raises FX risk reserve ratio for forward trading
Move is the Chinese central bank’s latest attempt to slow the yuan’s decline
RBA reports huge losses from bond purchase programme
Central bank says its asset purchase programme helped boost the economy despite its financial cost
Inflation: what went wrong, and why?
Three theories on the causes of high inflation and their implications for policy responses