Expectations
Ex-intelligence chief warns central banks to be vigilant
David Omand tells BoE conference that efforts to destabilise financial system are increasingly likely
Czech Republic raises rates in split vote
Governor says decision, reached by 4–3 majority, is ‘fine-tuning’ to curb inflation expectations
MAS wants financial firms to be quantum-ready by 2034
Proposal says institutions should create plans for critical systems by 2027 and migrate them by 2030
Banxico cuts rates on account of lower core inflation
Central bank makes ‘one-time’ 25bp cut, with 3–2 voting split on governing board
Bank of England makes first rate hike since 2023
MPC votes shift from 3–6 to 8–1 in favour of 25bp increase to 4%
Non-banks and rising debt threaten independence – Schnabel
Forward guidance was ‘too Odyssean’ during pandemic, says outgoing ECB board member
China sets overnight rate as benchmark in de facto easing
Analysts see greater transparency but expect lower rate to have limited impact on lending
BoJ says 2% inflation target has been met as it holds policy
Pause comes as central bank speeds up timeframe for ETF selloff from 112 years to 43
Rethinking capital-flow resilience in an age of recurring shocks
Amro’s Yasuto Watanabe and Takuya Yoshioka argue that policy-makers need a range of credible monitoring and policy tools to address the next waves of major shocks
ECB holds rates as it waits for ‘additional information’
Lagarde says her need to speak out on wider issues was key reason for her announced departure
Fed holds rates as Warsh cuts number of meetings
Cook and Hammack push for 25bp hike as chair announces strategy-focused meetings with no policy decisions
RBNZ delivers surprise hold in split decision
Quarter point hike voted down by 4-3 as all board members agree tightening is likely to be needed
RBA’s Hunter indicates more tightening likely
Deputy governor says inflation fight ‘not quite’ over yet following four rate hikes this year
Hammack: explaining Fed moves is accountability via transparency
Cleveland Fed CEO says setting out the reaction function is not the same as forward guidance
Oil futures gloomier than reality during conflicts – Feds note
Commodity has become hedge against macroeconomic risk, research finds
Uruguay raises rates for first time in 18 months
Central bank says hike is ‘proactive’ measure to mitigate risk of inflationary pressures spilling over
Peru unexpectedly holds rates amid rising inflation
BCRP maintaining ‘hawkish stance’ by leaving open possibility of rate adjustment, economist says
Singapore issues guidelines for ‘responsible use’ of AI
MAS says financial institutions can adopt different approaches in proportion with their risk profiles
Now more important that inflation does not exceed target – Ueda
Reports say Japan’s central bank is preparing to state that price growth has hit 2%
IMF approves El Salvador funds, despite bitcoin purchases
Institution granted waivers after government missed performance targets, including on crypto
RBA says stability risks mainly come from abroad
Bank’s finstab report says financial system resilient but points to AI and geopolitical concerns