Monetary policy decisions
Iceland hikes policy rate again
Central bank orders 50 basis-point rise amid inflationary pressures
Sarb raises rates for first time in 17 months
MPC splits three to two on vote to increase rates
Jamaica ups policy rate by 50 basis points
Central bank “reduces monetary accommodation” as island faces high inflation
Peru central bank raises rates again
Fourth hike since August “does not necessarily imply a cycle of successive increases”
Uruguayan central bank orders third consecutive rate hike
Central bank expresses concern over salary rises and regional uncertainty
Bank of Mexico proceeds with gradual tightening process
Central bank increases interest rate by 25 basis points to 5% on higher inflation
Romania continues monetary tightening
Central bank lifts interest rates by 25 basis points as inflation continues to bite
Czech National Bank makes 125bp hike
Central bank promises aggressive action to resist “exceptionally strong price pressures”
BoE surprises with rate hold as inflation forecasts reach 5%
Market-implied path for interest rates rises to 1% by end-2022
Poland raises policy rate by 75 basis points
National Bank cites high inflation, which it expects to linger through 2022
Norges Bank aiming for December rate hike
Central bank projects somewhat steeper path of rate hikes among Norway’s trade partners
Fed pulls trigger on taper
Fed begins phasing out QE at initial rate of $15 billion per month
RBA drops yield curve control
Lowe acknowledges messy market conditions after yields broke free late last week
Zimbabwe’s central bank hikes rates to 60%
Resurgent inflation pressures force inflation to 54% while exchange rate weakens
Colombia continues tightening monetary policy
Central bank board unanimous on raising rates, but splits 5–2 on size of increase
Azerbaijan authorities order 50bp hike
Price deregulation and global factors lead list of inflation drivers
BoJ cuts inflation outlook to zero as it holds rates
Producer price inflation in Japan is at a 13-year high, but CPI inflation lingers around zero
Lagarde acknowledges high inflation pressures
ECB keeps stimulus unchanged and insists inflation will decline during 2022
Brazil makes largest rate hike in decades on fiscal concerns
Inflation continues to grow, as mid-month reading hits 10.3% in October
Bank of Canada ends QE
Inflation proving “stronger and more persistent than expected”
Kazakhstan continues monetary tightening
National Bank orders third 25bp increase in a row, in line with Russia
Paraguay’s MPC hikes rates by 125 basis points
Country follows Chile with unexpectedly large tightening as inflation continues to rise
Mexican inflation rising rapidly, warns deputy governor
Heath says prices increasing at “really phenomenal” rate but expects full pandemic recovery by 2023
MAS allows Singapore dollar to appreciate in tightening move
Policy-makers raise slope of the S$NEER policy band, citing rising inflation