Exchange rate
Diego Labat on policy normalisation, capital flows and tech challenges
The Central Bank of Uruguay governor speaks with Christopher Jeffery and Ben Margulies about governance, financialisation, flexible rates versus capital controls, payment upgrades and CBDCs
Chilean central bank joins regional foreign reserves network
Membership of Flar is latest measure to boost access to funds after 2019 exchange rate crisis
Book notes: Imagining the Fed, by Nicolas Thompson
A worthwhile perspective on the evolution of such an important institution, but a shame that it isn’t a longer and broader examination
Turkish central bank holds main rate despite high inflation
Committee says it expects inflation trend to reverse soon, as headline figure nears 50%
Namibia marks first rate hike in six years
Central bank acts to “safeguard” link to South African rand
Bank of Israel should be ready to tighten policy, says IMF
Fund warns inflation pressures are building, and says BoI should abandon FX purchases
Picking up the pieces: how to tackle the next phase of the Covid crisis
The global economy is heading into dangerous territory, writes Jagjit Chadha. Central banks must honour their commitments to price stability
IMF signs off on Pakistan aid despite ‘exceptionally high’ risks
Central bank reserves are low and fiscal spending breached limits, but recovery is proving strong
Lesotho raises rates and increases reserves
Central bank increases policy rate 25bp in bid to defend peg and fight inflation
How Afghanistan’s central bank can help prevent famine
Rules could be devised to allow the New York Fed to ease the acute US dollar banknotes shortage, writes Warren Coats
Sarb raises rates 25 basis points as inflation rises
MPC votes by four to one for hike, as inflation nears top of target range
MAS aims for stronger Singapore dollar to resist inflation
Faster appreciation needed due to “rapidly accumulating” inflationary pressures, authority says
Chilean governor leaves central bank to become finance minister
Mario Marcel led central bank through period of social unrest and Covid-19 pandemic
Effective market operations in a modern central bank
Oliver Wyman’s Paul Fisher and Oliver Wünsch explain how central banks can successfully organise and manage their market operations departments with a public sector workforce, and when their objectives are not dictated by financial returns.
BoJ sees emerging signs of inflation in Japan
Central bank says inflationary risks are now “generally balanced”
DRC central bank cuts benchmark rate by 100 basis points
Central African giant continues loosening monetary policy amid growth and steady inflation
Argentina raises rates for first time since 2020
BCRA raises benchmark rate 200 basis points, as IMF talks continue
Is Latin American monetary policy still counter-cyclical?
Latin American central banks have been tightening monetary policy aggressively. Steve Kamin examines whether this is a return to historical patterns or if it reflects a newer approach
IMF finds Argentina bailout ‘did not deliver on its objectives’
Largest-ever IMF loan was ineffective and “not sufficiently robust”
Czech policy rate continues ascent
Divided central bank board orders 100bp hike, the fifth consecutive increase
Turkish lira rises as central bank launches ‘incentive’ scheme
Selling pressure eases as new facility unveiled, but outlook remains uncertain
Costa Rica raises rates for first time in three years
Central bank raises policy rate by 50 basis points as Latin America faces rising inflation
Armenia raises policy rate 50 basis points
Central bank tightens grip on credit with seventh rate hike in 12 months
Alternative data fuels central bank research
Important research areas include monetary transmission, exchange rates, digitisation, SMEs and climate change, against the backdrop of Covid