Commodities
Bank of Jamaica continues tightening cycle
MPC adds 50bp, describing May inflation drop as mainly due to “temporary effects”
Riksbank carries out largest rate rise since 2000
Swedish central bank says chances of wage-price spiral have increased
Hungary makes shock 185bp rate increase
Central bank responds to inflation and weak forint with largest increase since 2008
IMF approves $4 billion payment for Argentina
Country passes first IMF review, but reserves have declined in recent weeks
BSP raises rates by 25bp, while Indonesia holds
Economist warns Philippine central bank’s action may not be enough to bring inflation down
Bolivian central bank wants to become sole buyer of gold
Proposal would allow BCB to use gold reserves as collateral or swap them for foreign exchange
Zimbabwe central bank negotiates lower bread prices
Russia-Ukraine war and weak currency bring misery to southern African country
Rates round-up: Peru, Poland and Serbia tighten policy
Moldovan central bank faces commission of inquiry; Uzbekistan partially unwinds earlier hike
Argentine central bank struggles to meet reserves targets
IMF signs preliminary agreement for loan payment but reports say BCRA cannot meet reserve target
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 plann
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”