Monetary policy
CPI quirk helps explain low Swiss inflation, says SNB’s Tschudin
Central bank official shares her views on monetary policy strategy
BoE staff find uneven policy transmission across businesses
Survey findings suggest larger firms with high productivity and borrowing have better access to data
AI productivity shock may pull inflation up or down – BoE blog
Sectoral origin and speed of change will be key factors, economists find
Nepal has greater stability, but now it needs growth – IMF
Fund’s mission chief says central bank reforms are among measures laying path for future prosperity
Jamaica and Uruguay hold rates
Central banks cite deteriorating geopolitical tensions and extreme weather as upside inflation risks
Sweden holds while Iceland tightens
Both Nordic central banks cite lingering inflation risk, but reach different conclusions
Warsh called for fewer FOMC meetings in July
Minutes show committee agreeing on above-target inflation but disagreeing over AI’s effect on prices
Reconsidering the role of money in monetary policy
Euro policy architect Otmar Issing argues that central banks must improve their flawed inflation targeting frameworks
Brian Langrin takes helm at Bank of Jamaica
Former head of financial stability succeeds Richard Byles as governor
Market reforms are about boosting policy transmission, says CBN
Changes brought in by Nigerian central bank enable individual investors to participate in OMOs
People: BoJ payments chief to join IMF
Plus: Australia appoints new monetary policy board member; Harrison to head comms at BoC
UK has a new prime minister, but the same fiscal woes
Debt, spending and bond markets present challenges for Burnham and BoE, say former MPC members
Kenya, Mauritius, Namibia and Uganda all hold rates
Expert says El Niño weather event likely to drive greater rate variability in 2027
Strong recovery in US treasury purchases is ‘unlikely’ – paper
Central banks’ demand for US government bonds has ‘plateaued’ as reserve managers diversify
Comms staff need to reflect on how their messages are perceived
BoE’s Eric Tong discusses research probing how the public receives central bank messages via the media
Africa’s domestic debt shift raises costs and risks, BIS warns
Diversifying investor bases necessary to reduce reliance on central and commercial banks, study says
BCB signals tighter monetary policy for longer
Policy-makers say demand-driven inflation requires monetary policy to “remain tight”
Trump downplays reports of regular calls with Warsh
Talks between president and Fed chair have precedent, but frequent communications would be unusual, economist says
RBA remains on hold and says inflation still too high
Economists predict interest rates in Australia will stay put until mid-2027
Trump renews push to sack Fed governor Lisa Cook
White House formally notifies Cook of possible dismissal, and gives governor until August 26 to respond
National Bank of Romania holds rates amid political instability
Board votes to keep policy rate at 6.5%, extending two-year hold