Exchange rate
Banxico cuts rates on account of lower core inflation
Central bank makes ‘one-time’ 25bp cut, with 3–2 voting split on governing board
RBNZ delivers surprise hold in split decision
Quarter point hike voted down by 4-3 as all board members agree tightening is likely to be needed
The risks and returns of ever-expanding swap and repo lines
Increase in central bank swap agreements and repo facilities should help to counter future liquidity squeezes. But the proliferation is fraught with political risk
Oil discoveries drive persistent inflation increases – BIS paper
Price effects of energy discoveries concentrated in economies with inflexible exchange-rate regimes
BI holds following downgrade for Indonesian equities market
Central bank leaves benchmark at 5.75% in fourth consecutive rate hold
Dan Katz on the IMF’s role amid a fracturing economic system
The first deputy managing director speaks about the fund’s efforts in technical assistance, central bank guidance, debt workouts and surveillance in a system beset by fiscal imbalances, geopolitical fissures and digital disruption
Big Mac price never catches up with dollar – Dallas Fed blog
Prices barely adjust to currency swings even after four years, economists find
Singapore surprises with pause in tightening cycle
MAS says decision made against backdrop of rising inflation, but expects price growth to slow next year
China hits back at criticism of yuan policy
PBoC denies devaluation claims, says other nations are responsible for their declining competitiveness
Pacific series: PNG’s governor on 40 years at the central bank and her plans for its future
Elizabeth Genia speaks about reaching remote communities, FX, green finance and leadership
Divergence from global cycles gives Asia policy room – Amro
Change may allow Asean+3 central banks to focus on domestic rather than global conditions, report says
Goodhart and Pradhan on the end of monetary independence
The unanchored central banker authors speak about how ageing populations, soaring healthcare costs and rising fiscal deficits will force central bankers to compromise on inflation targets and bail out indebted governments
Bolivia’s central bank moves to sterilise excess liquidity
Around 4.5 billion bolivianos to be sterilised in September and October
Indonesia holds and enacts new measures to protect rupiah value
Damayanti’s first rate decision as governor comes as BI and HKMA advance payments co-operation
US rates surge sparks new wave of FX net investment hedging
Corporates pile into currency hedges to protect value of foreign assets and capture positive carry
Pacific series: Climate is top issue for Fiji’s governor Ariff Ali
Head of central bank speaks about climate, inclusion, modernisation and vulnerability ahead of his likely retirement next year, following 30 years at institution
Naji Issa on Libya’s reform efforts and why he threatened to quit
The Central Bank of Libya governor speaks about the need for national unity and fiscal responsibility, digital transformation and exchange rate reforms
MNB governor signals cautious optimism over euro adoption
Hungary has to overcome ‘pessimism’ if it wants to join currency union, says Varga
Bolivia sells $35m to stabilise local currency
FX market volatility not in line with ‘economic fundamentals’, central bank says
Zimbabwe tallies progress towards de-dollarisation
Sustained single-digit inflation and greater demand for local currency are still needed, central bank says
Bank of Canada extends rate hold as trade war intensifies
Macklem says surprise uptick in growth is fragile thanks to new US tariffs and high petrol prices