Central Banks
Most key projection models capture policy rates
But respondents rarely disclose policy rate forecasts alongside scenarios
Central Bank of Libya governor resigns
Naji Issa’s resignation comes as Libyan dinar remains under intense pressure
PBoC appoints Deutsche Bank as a renminbi clearing bank for Europe
China’s central bank reiterates pledge to internationalise RMB as part of its five-year plan
RBA remains on hold and says inflation still too high
Economists predict interest rates in Australia will stay put until mid-2027
Trump renews push to sack Fed governor Lisa Cook
White House formally notifies Cook of possible dismissal, and gives governor until August 26 to respond
National Bank of Romania holds rates amid political instability
Board votes to keep policy rate at 6.5%, extending two-year hold
Yield curve data can improve estimates of r* – IMF paper
Results suggest r* has risen and help explain ‘soft landings’ after inflation surge
Third of key models now employ endogenous financial sector
Multiple channels of monetary transmission rooted in majority models
Destry Damayanti tapped to serve as Bank Indonesia governor
Expert says nominee, who has served as BI deputy governor since 2019, will be viewed as a safe pick by markets
Fresh graduates’ job market perception worsened by 23% in 2025 – ECB
Research points to slowing growth in knowledge-intensive services to explain otherwise ‘cyclical’ effect
Germany sees surge in €100 fakes amid overall counterfeit decline
Deutsche Bundesbank says overall levels of forged money remain low
Mexico and Nicaragua hold interest rates
Banxico revises upwards its forecast for hitting 3% inflation target; while Nicaragua expects inflation to remain “low and stable”
Czech National Bank holds rates
Board votes to keep policy rate at 3.75%, citing assessment phase
Iraq receives $500m from Fed as government faces cash shortage
Oil-exporting country’s income comes under strain as Hormuz uncertainty persists
PBoC reportedly vaulting more gold in Hong Kong
Report comes as city conducts trial run on gold clearing system and aims to become international bullion hub
Central banks complement traditional models with AI
Time series and semi-structural models remain economists’ choices for forecasting
Europe’s central banks say ‘No!’ to priority Truth Social access
Monetary authorities do not see value in seeing US president Donald Trump’s posts immediately
Brazil cuts rates for a fourth time in a row
BCB’s policy statement shorter and more focused than previous decision, analyst says
ECB succession race: Netherlands throws weight behind Knot
Former DNB governor receives official backing
New York and Dallas Feds to launch private credit survey
Firms with over $50 million invited to discuss lending standards and monetary policy implications
Working group minutes: macro-pru calibration challenges
Many central banks are struggling to get enough data, particularly on borrowers
Argentina renews $19 billion swap line with China
New agreement between BCRA and PBoC extended from three to five years
Thai economy needs monetary, fiscal, financial policy mix – BoT
‘Single policy tool insufficient to mitigate more frequent shocks,’ central bank says
Working paper production linked to number of PhD economists
Central banks averaged output of roughly 10 working papers last year