Commodities
Israeli sovereign wealth fund launches after years of delay
Government finally accrued required tax revenues from gas and mining sectors
Fed’s favoured inflation gauge falls
PCE inflation reading for April 2022 was down from March
Malawi devalues currency amid FX crisis
Reports say central bank has devalued kwacha by 25% as country’s exports slump
Bank of Korea raises policy rate again
Policy-makers expect high inflation for rest of year
War in Ukraine raising eurozone stability risks, says ECB
Non-bank sector vulnerable to higher interest rates, financial stability review finds
Algerian president replaces central bank governor
Saleh Eddine Taleb becomes sixth head of Bank of Algeria in as many years
Rates round-up: South Africa, Philippines and Egypt hike
Emerging markets tighten policy amid unrelenting inflation
Rates round-up: Uruguay, Tunisia and Serbia tighten policy
Inflation fears prompt more rate hikes from central banks worldwide
Saudi sovereign wealth fund sets up national coffee company
Coffee venture is part of national diversification plan
Romania meets inflation spike with rate hike
Central bank adds 75bp to policy rate as inflation passes 10% mark and economy sputters
Moldova continues rate climb as inflation passes 20%
Central bank orders another 300bp increase as war adds to price woes
Czech board raises rates in split vote
Central bank increases inflation forecast and awaits new governor appointment
Polish central bank hikes rates 75bp
Inflation at highest levels for 24 years as governor faces opposition over second term
Botswana hikes newly introduced policy rate
Central bank announces first rate increase since 2008 as inflation stays in double digits
Kazakhstan raises policy rate by 50 basis points
Inflation hit 12% in March and expectations are “not anchored”
Paraguay raises interest rates by 50bp
Central bank makes ninth hike in a row as inflation reaches double digits
Russia-Ukraine war revealing financial vulnerabilities – FSB’s Knot
Commodities markets, leverage and cyber attacks “warrant further attention”, says FSB chair
War forcing central banks into ‘delicate balancing act’, says IMF
Sudden repricing of risk could expose vulnerabilities, fund says in latest stability report
Sri Lankan central bank postpones sovereign debt repayment
Weerasinghe leads MPC in raising rates by 700 basis points and appeals for funds from overseas
Two Latin American central banks raise rates
Colombia’s two MPC dissenters call for steeper hikes; Dominican Republic raises rates 50bp
Romanian and Zimbabwean central banks raise rates
Zimbabwean figures say inflation has reached 72% but observers say this may be an underestimate
Sri Lankan governor resigns amid massive economic crisis
Finance minister also quits as crowds demonstrate against power cuts and food price rises
UK authorities investigating LME over nickel trading suspension
Regulators to probe governance at the metals exchange after “disorderly” conditions halted trading
Central banks ‘behind the curve’ on inflation, warns Goodhart
Charles Goodhart says stagflation is the most likely outcome in the coming years