ERM
US tech equities, euro, sterling and yen add to Norges Bank losses
Reserves portfolio sees gains on US Treasuries and Chinese government bonds amid modest drop
ECB board members begin priming markets for rate hike
Schnabel “does not expect” TPI to be needed as bond selloff was driven by “inflation compensation”
Sri Lanka surprises with 100bp policy hike
Central bank says tightening needed to combat inflation and rupee’s slide amid Iran war
Philippines governor says off-cycle rate hike possible
Remolona says BSP may have fallen behind the curve on inflation
Euroclear rejects $254bn payment order in Bank of Russia case
Moscow court’s ruling in favour of central bank ‘completely without merit’, says Belgian firm
RBA felt May hike gave it room to assess impact of Iran war
Board members believed tightening would make conditions slightly restrictive, minutes show
Former RBA officials say budget offers no inflation relief
Economists say Australian spending plans will create modest fiscal expansion with some upside risk
PBoC expected to remain on hold following healthy PPI rise
China’s producer price inflation climbed out of long decline to 45-month high in April
European central banks opt to hold
Albania, Czech Republic, Poland, Serbia and Sweden keep rates constant
ECB holds and faces dilemma of whether to hike in June
Lagarde says direction is ‘clear’ as Iran conflict worsens outlook for inflation and growth
Solomon Islands governor calls for reduced reliance on mining
Luke Forau urges greater focus on boosting agriculture and tourism sectors
NBFI oversight ‘no longer adequate’, say BdF economists
Researchers call for stronger supervision of non-bank sector ‘before risks actually materialise’
BoJ holds rates and halves growth forecast
Three dissenting votes mark largest split under Ueda, who points to ‘significantly’ higher inflation
Indonesia holds policy as rupiah stabilisation efforts continue
BI says impact of Middle East conflict continues to affect currency’s value
Shin promotes novel approaches in inaugural address at BoK
Ex-BIS chief economist formally appointed head of South Korean central bank
PBoC leaves loan prime rates unchanged for eleventh month
Widely expected move comes after Pan reiterates ‘moderately loose’ policy stance
Pakistan central bank seeks to reassure international investors
Governor says country in better position to weather shocks than before Ukraine war
Oil shock makes it harder to formulate monetary policy – Ueda
BoJ governor pledges to monitor data to ‘last minute’ before next rate decision
BoK, RBNZ, SNB and Spain to ‘wait and see’ on Iran war
Governors say policy should consider longer-term price effects of Middle East conflict
Singapore tightens policy for first time in four years
MAS notes ‘considerable risks’ to inflation and growth outlook since start of Middle East conflict
MAS supports PFMI monitoring for systemic stablecoins
Assistant managing director says potential for ‘crisis of confidence’ is embedded within instruments