Fiscal policy
Former RBA officials say budget offers no inflation relief
Economists say Australian spending plans will create modest fiscal expansion with some upside risk
Can Banrep survive schism with government?
Finance minister’s withdrawal from board could prevent next two rate decisions from going ahead
Lagarde says fiscal response to energy shock must be targeted
Price caps and tax cuts must ‘preserve price signal’ or risk inflationary spiral, ECB president says
Pakistan central bank seeks to reassure international investors
Governor says country in better position to weather shocks than before Ukraine war
Argentina reaches IMF deal unlocking $1bn
Fund says government policies will help country access capital markets on more favourable terms
Olli Rehn on demographics, geopolitics and ECB policy
The Bank of Finland governor speaks about immigration and productivity, private credit and stablecoin risks, the mood on the governing council and the impact of conflict in the Middle East
Central banks face ‘double whammy’ from Iran war
Policy-makers will have to tackle impact of higher inflation and greater fiscal stimulus
Current threats to central bank independence
Improved communications, advocacy for tech oversight and international co-operation will help to address challenges posed by populism, excessive debt and new forms of money, write Gavin Bingham, Paul Fisher and Andrew Large
Independence lower where central banks face legal issues
Financial independence a bigger problem where central banks say law is inappropriately worded
Debt metrics fail to reflect financial instability – BIS paper
Author says standard measures of government debt sustainability omit key market dynamics
ECB holds rates, predicts 2.6% inflation for 2026
Lagarde presents gloomy outlook for eurozone inflation and growth as energy prices spike
Indonesia holds rates and adjusts FX rules to stabilise rupiah
BI says Middle East conflict provides greater reason for fiscal-monetary policy co-ordination
Fed independence key to dollar strength – FOMC member
Cleveland Fed chief says geopolitics and high US debt among factors that could ‘unseat’ greenback
Single and dual mandates often result in same policy – Schnabel
AI productivity boom yet to show up in eurozone data, ECB board member adds
Ueda hints at further rate hikes after dovish BoJ appointments
Analysts expect board’s stance to change little after PM nominates two new policy-makers
Russia has limited room for manoeuvre on policy – experts
Rate cut reflects nervousness rather than confidence about inflation and growth trajectory, say analysts
RBNZ welcomes external probe into Covid-era monetary policy
Finance minister says bank’s easing and asset purchases caused ‘decades-high inflation’
This is not quite Japan’s ‘Truss moment’ – ex-BoJ board member
Experts add that central bank is unlikely to have to intervene directly in sovereign bond market
Full ‘postmortem’ on QE yet to be written – Klaas Knot
Former DNB governor expects Fed to continue international monetary diplomacy under Warsh
Weak yen prompted BoJ’s December rate hike, minutes show
Japan likely to continue tightening, though board said it had ‘no specific pace in mind’
People: President’s nephew confirmed as BI deputy governor
Plus new governor in Malawi and Croatia’s vice-governor to become minister