Coronavirus
Jamaica ups policy rate by 50 basis points
Central bank “reduces monetary accommodation” as island faces high inflation
Vietnam’s central bank warns of high inflation risk in 2022
Governor Nguyen Thi Hong admits bad debts have increased, as banks struggle with impact of Covid
Swedish inflation rose further in October
CPIF increased year on year by 3.1% last month; Riksbank expected to reduce balance sheet
Most currency departments operated remote working models during pandemic
Many central banks employed a split team structure to ensure critical functions were maintained
BCB independence and Brazil’s inflation battle
Formal autonomy should help shield central bank from political pressure linked to 2022 elections, but challenges remain
BIS statistics: OTC derivatives market value back to 2019 levels
Gross market values have fallen about a fifth since second half of 2020
Peru central bank raises rates again
Fourth hike since August “does not necessarily imply a cycle of successive increases”
Uruguayan central bank orders third consecutive rate hike
Central bank expresses concern over salary rises and regional uncertainty
Fed and ECB officials point to different policy directions
US officials see a rate hike in 2022 as increasingly likely, while eurozone governors rule that out
US records highest CPI inflation rise since 1990
NY Fed detects slight rise in short-term consumer inflation expectations as real wages fall
Banknote demand forecast to rise in 2022
Median forecast percentage change was 7.6%, but ranged from -59% to 17%
Romania continues monetary tightening
Central bank lifts interest rates by 25 basis points as inflation continues to bite
Lane makes case that inflation surge is transitory
ECB chief economist stresses weak mid-term inflation dynamics in the eurozone
Asset sell-off biggest threat to Chile’s financial stability – Marcel
Governor reiterates warning against further pension withdrawals
Half of central banks quarantined banknotes during the pandemic
But only 37% ran a study relating to Covid-19 and banknotes
German tabloids ramp up personal attacks on Lagarde
ECB board member Isabel Schnabel says “inciting hatred” is “unacceptable”
US adds more than half a million jobs in October
Unemployment falls to 4.6% as labour market perks up again
Is the ECB policy framework suited to tackling higher inflation?
Officials and academics reflect on the two monetary regimes the central bank has faced since its creation
BoE surprises with rate hold as inflation forecasts reach 5%
Market-implied path for interest rates rises to 1% by end-2022
Poland raises policy rate by 75 basis points
National Bank cites high inflation, which it expects to linger through 2022
Time to stop handing out the pills: the great QE detox
We are facing a serious inflation threat that will test the resolve of central bankers, writes Jagjit Chadha. Central banks must reduce their reliance on QE. But how?
RBA drops yield curve control
Lowe acknowledges messy market conditions after yields broke free late last week
Monetary Policy Benchmarks 2021 – presentation
Central Banking’s monetary policy subject specialist Daniel Hinge speaks with Christopher Jeffery about the governance of the policy function, forecast processes, transparency and more
Transactional cash usage ebbs and flows in response to Covid-19
The proportion of payments made in cash ranged from 3% to 88%