Official Record
CBRT cuts main rate to 36%
Governor blames stalling disinflation on supply-side pressures
Tanzania, DRC and Kenya keep rates on hold
Countries face different risk factors, though Middle East conflict remains common thread
Uruguay raises rates for first time in 18 months
Central bank says hike is ‘proactive’ measure to mitigate risk of inflationary pressures spilling over
FSB calls for ‘urgent action’ on public liquidity backstops
Many jurisdictions at risk of having to ‘improvise under pressure’, report says
Philippines’ FX reserves fall to three-year low
BSP says levels sufficient following period of currency interventions and devaluations
Iceland holds as economy slows
Central bank keeps policy rate at 8% in unanimous vote
IMF flags gaps in Somalia’s financial reform efforts
Fund notes progress, but says central bank should go further to safeguard stability
Mexico’s monetary policy should remain tight, IMF says
Banxico should strengthen comms and limit government bond purchases to short end of curve, fund adds
Africa’s central banks diverge as Zambia delivers major rate cut
Mozambique holds while Sierra Leone delivers second consecutive hike
Sri Lanka holds rates as inflation remains high
CBSL says medium-term expectations remain ‘broadly anchored’ around target
Bank of Jamaica hikes rates by 50bp
Central bank says escalating geopolitical tensions and El Niño are driving inflationary pressures
BoJ minutes show calls for faster rate hikes
Board member said focus of monetary policy had shifted towards capping price rises at June meeting
Pakistan to offer cash prizes to boost remittance flows
Eligible beneficiaries of remittances will be entered into lottery-style draw
Bolivia’s central bank moves to sterilise excess liquidity
Around 4.5 billion bolivianos to be sterilised in September and October
Swiss upper house backs tougher capital rules in blow to UBS
Vote moves proposed 90% capital backing for foreign liabilities one step closer to becoming law
Nigeria makes biggest rate cut since 2007
CBN also recalibrates standing facilities corridor to strengthen policy transmission
Kenya publishes draft national payment system policy and law
Payment ecosystem should draw on lessons from India and Brazil, National Treasury says
IMF reaches staff-level agreement with Zimbabwe
Country still needs to strengthen governance and restore debt sustainability, fund says
Czech Republic extends pause while Moldova raises rates
CNB leaves door open to rate rise while Moldova presses on with third hike since May
Japan and Malaysia to promote direct yen-ringgit settlement
BNM and BoJ also double size of swap line to $6bn
Middle East conflict will prolong inflation shock, Lagarde says
ECB chief warns AI is also driving long-term funding costs for governments