News
Norges Bank ups rates by 50bp and signals faster tightening
Inflation is “considerably higher” than projected by the central bank, and well above its 2% target
RBA sets up new panel of private-sector economists
Expert panel will meet at least twice a year; move follows “embarrassing” forecasting issues
Netherlands not facing wage-price spiral – DNB
Central bank says there is space to increase negotiated wages in the Dutch economy
Central Bank of Egypt governor resigns
Amer joins presidential staff amid inflation and currency crises
Russian banks set to use digital ruble in 2024
Cross-border integration with “friendly countries” planned to bypass Swift
Ecuador government will not recognise new superintendent of banks
Legislature and government clash as courts disagree on legality of appointment process
RBNZ delivers fourth straight 50bp rate hike
New Zealand’s central bank now expects rate to peak 15bp higher, at 4.1%
Fed announces new guidelines after master account controversy
Rules will impose tight scrutiny on non-conventional applicants
US academics praise reduction in Fed’s forward guidance
Central bank seeking to keep its options open on the path for monetary policy
Central banks should ‘overestimate’ inflation persistence, says economist
Academic argues central banks should act as if exogenous shocks are likely to be persistent
Rates round-up: Argentina adds 950bp to main rate
Central banks in Argentina, Peru, Rwanda, Serbia and Uganda tighten policy
Critics accuse Barbados authorities of monetary financing
Government says it is using SDRs to buy bonds, while governor says purchases are legal
China cuts key interest rates as growth weakens
Analysts lower China’s annual GDP growth estimate to around 4%
Bank of Mexico increases interest rates by 75 basis points
Central bank once more revises up inflation projections
UN warns against rapid adoption of crypto in developing nations
Tax evasion depletes resources for development, report finds
Uncertainty over ECB’s TPI muddies monetary and fiscal impact
Analysts say anti-fragmentation tool exposes long-standing flaws in EU fiscal framework
Zimbabwe officials considering currency board
MPC member says arrangement would require $700 million in reserves
‘Very little support’ for a US Treasury clearing mandate – Isda
Dealers and clients prefer carrot to stick in efforts to improve Treasury market liquidity
Prominent economists call on US to unfreeze Afghan reserves
Stiglitz among those calling on US to ease humanitarian crisis despite Taliban rule
PBoC vows not to flood economy with liquidity
Chinese central bank warns of rising structural inflation pressures
Record-high inflation piles pressure on Norges Bank
Norwegian central bank expected to increase rates by 50 basis points on August 18
Fed governors still talking tough on inflation
Lower inflation expectations and CPI come as positive signals for the path ahead
Taiwan academics call for central bank reform
Academica Sinica says the central bank could invest part of its foreign reserves into a sovereign wealth fund
BEAC governor clashes with political leaders over recruitment
Charges of nepotism follow dispute with Central African Republic over bitcoin