Middle East conflict
Botswana keeps rates steady, Rwanda hikes by 50bp
Rising inflation drives east African nation to raise bank rate to highest level since 2009
ECB finds gaps in geopolitical stress-testing frameworks
Current methods fail to properly capture impact of geopolitical stress on liquidity
External shocks tighten credit conditions – ECB bulletin
New index finds funding becomes scarce after unexpected changes in economic activity
Iraq receives $500m from Fed as government faces cash shortage
Oil-exporting country’s income comes under strain as Hormuz uncertainty persists
Thai economy needs monetary, fiscal, financial policy mix – BoT
‘Single policy tool insufficient to mitigate more frequent shocks,’ central bank says
Podcast: How central banks evade sanctions
Iran, North Korea and Russia are increasingly sharing digital infrastructure and playbooks
Bank of England keeps rates at 3.75%
Split 6–3 decision points to divisions over inflation outlook amid escalation of Iran war
Jordan leaves key rate unchanged for fourth consecutive meeting
Most sectors of domestic economy operating normally despite conflict in region, says IMF
Federal Reserve holds rates with three members dissenting
Hammack, Kashkari and Logan push for 25bp rise in what FOMC chair says was a collegial ‘family fight’
Slovak governor calls for further ECB rate hike in September
Kažimír says bank needs to pre-emptively tackle further inflationary effects of energy shock
Kazakhstan makes surprise 25bp rate cut
Analyst says central bank is trying to signal that disinflationary measures are working
Ghana holds rates for second time this year
‘Vigilance is the word’ amid heightened geopolitical tensions, says governor
Renewed Middle East hostilities prompt Nigeria to hold
Central bank keeps rates at 26.5%, despite moderating inflation
Tajikistan keeps inflation on target after lowering band
Central bank reports 4.1% price growth in H1, 50bp higher than in first half of last year
BoE’s scenarios are best way forward, say ex-MPC members
Former UK policy-makers say forecasting approach is suited to today’s highly uncertain times
Canada holds rates for sixth time as growth outlook improves
Governor’s remarks removed explicit reference to future cuts or hikes
Ethiopia raises rates for first time in two years
Move comes as NBE removes lending cap on commercial banks
RBNZ says New Zealand faces greater risk of persistent inflation
Central bank’s chief economist believes monetary policy may need to respond ‘more firmly’
Serbia holds rates for 22nd consecutive month
Central bank says it is continuing to pursue cautious monetary policy
Romania and Poland continue to hold rates
Central banks exercise caution as inflation and geopolitical risk cloud outlook
Malaysia holds rates amid ‘fluid’ situation in Middle East
Central bank has kept benchmark rate at 2.75% for 12 months running