Monetary Policy
Namibia administers first rate cut in four years
Move comes as inflation slows and foreign exchange buffers increase
PBoC delays medium-term lending facility operations
Postponement to later in the month aligns with bank’s plan to diminish MLF’s role as key policy rate
Distribution of reserves determines QE and QT’s impact – BoE paper
Policies have ‘highly asymmetric’ impacts on reserve-scarce banks, researchers say
New Zealand cuts policy rate for first time in four years
RBNZ cites easing inflation and weakening economic activity
Did the Fed make a mistake holding rates in July?
Experts warn Fed not to signal “panic” but to be ready to act aggressively if needed
PBoC looks into narrowing interest rate corridor
Central bank elaborates on recent changes to monetary policy framework
Bank of Uganda cuts rates by 25bp
Move comes despite inflation having risen for third consecutive month
Banxico cuts rates by 25bp in split decision
MPC says core inflation has been gradually falling, despite rise in headline figure
Romania cuts rates by 25bp
Central bank expects inflation to decline “significantly” after revising projections
RBI holds rates as food inflation persists
Governor says better weather and improved agricultural yields should relieve price pressures
Monetary policy has less impact on private credit – Fed research
Funding, ‘dry powder’ and fund returns for asset class remain high amid policy tightening
Central Bank of Kenya cuts rates by 25bp
First reduction in more than four years comes as inflation declines and CBK issues new banknotes
Japanese market shock threatens to spill back to US
Sudden unwinding of carry trade could impact Fed decision-making, analysts say
PBoC adviser calls for more expansionary economic policies
Monetary policy committee member advocates stronger measures to alter market expectations
Czech National Bank cuts rates to 4.5%
Reduction of 25bp comes after headline inflation falls to 2% target
Bank of England cuts rates for first time since 2020
MPC votes for 25bp reduction in split decision after Fed opts to hold
LatAm rates round-up: Brazil and Chile hold while Colombia cuts
Central banks maintain cautious stance as disinflation slows across region
Fed holds rates again
Powell says FOMC’s “broad sense” is that US economy is moving to point where cuts would be justified
Azerbaijan holds key policy rate
Inflation still significantly below target levels
National Bank of Georgia holds rates
Move comes as inflation remains well below 3% target
BIS Americas chief: region must stay alert to inflation risks
Tombini praises efforts to tackle inflation, while outlining monetary policy challenges
BoJ raises policy rate, outlines plan to reduce bond purchases
Governor says bank will raise rates again if economy and prices move in line with projections
Armenia cuts rates by 25bp
Decision comes as inflation remains well below 4% target
Euro has given France better interest rates – BdF official
Bénassy-Quéré says rates would have been higher if France had stayed outside single currency