Monetary Policy
Campos Neto says ‘worst of the inflation’ has passed
Brazil’s governor says central bank “came out ahead” of price increases
Williams also expects US to avoid recession this year
Unemployment will likely rise to 4% as growth slows due to tightening process, says NY Fed head
Hungary makes shock 185bp rate increase
Central bank responds to inflation and weak forint with largest increase since 2008
Zimbabwe central bank raises policy rate to 200%
Finance minister guarantees use of US dollar through 2025, while RBZ will mint gold coins
PBoC chief vows to keep policy accommodative
But economist expects room for China to cut interest rates further to be small
Czech central bank raises rates after inflation hits 16%
Expectations could become unanchored from 2% inflation target, board warns
Norway’s MPC tightens policy and signals more hikes to come
Norges Bank raises policy rate expectations as it says Norwegian labour market is extremely tight
Covid impacting monetary policy most in middle income countries
Most central banks report shifting stance at the height of pandemic, but some have since reverted
BIS says central banks must act ‘decisively’ on inflation
Tightening policy hard and fast may be central banks’ best shot at engineering a soft landing
BSP raises rates by 25bp, while Indonesia holds
Economist warns Philippine central bank’s action may not be enough to bring inflation down
Bank of Mexico orders largest-ever rate hike
Mexico matches Fed as inflation continues well above target
Thai MPC split over rate hikes, minutes show
Minority of committee members voted for policy rate rise at last meeting
BoJ board members concerned over yen’s volatility
Rate-setters differ over implications of currency depreciation, minutes show
Paraguay continues rate hikes despite economic contraction
Central bank raises policy rate for 11th month in a row, as GDP growth falls
Iceland meets high inflation with second 100bp hike
MPC forecasts more increases as Nordic country confronts internal and external pressures
Exit from bond yield target was ‘disorderly’, admits RBA
Central bank says it is unlikely to use yield curve targeting again
SNB raises rates for first time since 2007
Jordan says the Swiss central bank is ready to prevent “second-round effects” becoming entrenched
BoE’s Mann says UK needs to respond to higher rates abroad
Exposure to global spillovers likely making UK inflation worse, says MPC member
Hungary raises supplemental rate as currency hits record low
Central bank will make greater use of FX swaps as deputy governor says inflation will fall
North Macedonia makes third 25bp hike
Central bank moves to increase local currency deposits, while inflation reaches double digits