Fiscal policy
Goodhart and Pradhan on the end of monetary independence
The unanchored central banker authors speak about how ageing populations, soaring healthcare costs and rising fiscal deficits will force central bankers to compromise on inflation targets and bail out indebted governments
Federal Reserve delivers first rate hike since 2023
FOMC expects policy to remain around 4.1% for 2026–27 and inflation to reach 2% by 2029
Time to be ‘amateur geopolitical analysts’ – ex-Obama adviser
Lazard CEO Peter Orszag says era of ‘supply side 2.0’ requires cross-disciplinary approach
Increasingly uncertain outlook prompts Pakistan to hold
Inflation rises but fiscal consolidation is above target, central bank says
Naji Issa on Libya’s reform efforts and why he threatened to quit
The Central Bank of Libya governor speaks about the need for national unity and fiscal responsibility, digital transformation and exchange rate reforms
Demographics force central banks into balancing act – Goodhart
Panel weighs risks to central bank independence from fiscal pressures, in part due to ageing societies
Central bank reserve managers unnerved by Treasury market woes
Officials are unsettled but constrained as US creditor base shifts to private hands
Bessent believes BoJ will act in support of yen
‘I have information that the market doesn’t have,’ US Treasury secretary says
Indonesian lawmakers approve Damayanti as BI governor
Parliament also confirms deputy governors, with formal appointments set for next month
Taxing unrealised gains could support financial stability – study
BoE paper finds conventional capital gains tax cuts historically increased asset price volatility
Libyan governor sets out conditions for withdrawing resignation
Issa reportedly wants faster implementation of budget, trade reforms and halt to wage rises
Kenya, Mauritius, Namibia and Uganda all hold rates
Expert says El Niño weather event likely to drive greater rate variability in 2027
Africa’s domestic debt shift raises costs and risks, BIS warns
Diversifying investor bases necessary to reduce reliance on central and commercial banks, study says
Strained public finances may trigger ‘great repression’ – paper
IMF study of a century of data on financial repression finds the tactic is tempting governments again
Pakistan holds as inflation remains well above target
MPC reiterates need for fiscal reforms to support growth
Renewed Middle East hostilities prompt Nigeria to hold
Central bank keeps rates at 26.5%, despite moderating inflation
BoE’s scenarios are best way forward, say ex-MPC members
Former UK policy-makers say forecasting approach is suited to today’s highly uncertain times
Fed will ‘follow the law’ and ‘the data’ – Warsh
Chair tells Congress his aim is to keep US central bank out of politics
Serbia holds rates for 22nd consecutive month
Central bank says it is continuing to pursue cautious monetary policy
Japanese government stresses importance of BoJ independence
Ministers’ comments come after 10-year JGB yields spike to near 30-year highs
Move to inflation targeting could boost resilience – IMF paper
Countries in Middle East and central Asia should make exchange rates more flexible, authors say