Exchange rate
BoK governor highlights difficulty in forward guidance
Rhee Chang-yong says he may reassess forward guidance amid exchange rate pressure
State Bank of Vietnam expands exchange rate trading band
Move effectively allows the dong to fall further against a strong US dollar
Singapore’s central bank tightens policy for fourth time this year
MAS decision comes after Singapore’s economy rebounded in the third quarter
Chilean board makes 11th hike, but says cycle may be over
Central bank leaders say “rate has reached its maximum level of the cycle”
Bahamas governor says exchange controls here to stay
“Difficult financial reforms” necessary before liberalisation, says Rolle
Burundi lifts capital controls
Central bank permits bureaux de change to reopen and allows receipt and transfer of FX
Georgieva says Argentina needs permanent fix to FX problems
IMF releases latest $3.8bn financing tranche, as market inflation forecasts reach 100%
IMF publishes sober outlook for 2023
“Worst is yet to come”, says chief economist
IMF approves $3.8 billion for Argentina
Country has met most key targets, but 2022 inflation now projected to top 100%
Four more African central banks raise rates
Ghana raises policy rate to highest level since 2017, plus hikes in Uganda, Sierra Leone and Tunisia
Philippine central bank warns against currency speculation
BSP issues warning after peso touches an all-time low
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
Rates round-up: RBA tightens policy 25bp
Plus rate increases in India, Israel, the Dominican Republic and Jamaica
US and Korea agree to set up liquidity facilities if necessary
It is still unclear whether the facilities would involve a currency swap line
Colombia orders ninth consecutive rate increase
Inflation rises above central bank projections as finance minister expresses frustration
French Pacific monetary authority raises rates
IEOM orders 75bp increase in deposit rate to combat inflation
Nigerian MPC raises rates as inflation reaches highest level since 2005
Governor says inflation is gathering pace and next year’s election is increasing sovereign risk
IMF says it will not provide loans for Zimbabwe
Fund urges central bank to cease “quasi-fiscal operations” as official inflation reaches 285%
BoE ‘monitoring developments’ amid market ructions
Many analysts had predicted early policy action from the central bank
Brazil makes first FX intervention of the year
Strong real bucks wider regional trend of depreciation against the dollar
PBoC raises FX risk reserve ratio for forward trading
Move is the Chinese central bank’s latest attempt to slow the yuan’s decline
SNB abandons negative rates
Jordan says Swiss central bank’s use of negative rates was effective
Argentine president names Pesce to full six-year term as governor
Moves comes as IMF reaches preliminary agreement on next loan tranche
Social media: an essential tool for central bank communication
Strategies to secure popularity, comprehensibility and reputation as new media takes centre stage