Forecasting
Inflation forecast errors moderate after surge in 2022
But growth forecast errors are higher in 2023, data shows
RBA holds at last meeting of the year
“Limited information” leads central bank to keep rate unchanged for time being
PCE inflation falls in the US
Atlanta Fed president says data suggests inflation will only continue to fall
Bank of Korea holds rates and raises inflation forecasts
Governor says interest rates could stay high for more than six months
Bank of Mexico keeps rates at 11.25%
In unanimous decision, board stresses rates are likely to remain unchanged ‘for some time’
Peru continues gradually cutting policy rates
Inflation falling slowly towards target while 2024 promises low growth
Norway and Czech Republic hold rates
Norges Bank 'likely' to make small increase in December
Bank of England holds rates in second split decision
UK faces two years of above-target inflation and near-zero growth, forecasts the BoE
Russia raises rates, Ukraine lowers them
High domestic demand pushes up prices in both countries
Costa Rica and Paraguay whittle away at rates
Both countries make 25bp cuts as inflation falls
Philippine central bank delivers off-cycle rate hike
Governor Remolona said high inflation expectations were ‘very worrisome’
Bank of Korea continues rate pause
Central bank cites ‘uncertainties’ in deciding to hold
Brazil board united on continuing easing with 50bp cuts
Deputy governor says “there is no predefined target for Selic” rate
Israeli economy and budget will remain resilient, says Yaron
Bank of Israel governor expects inflation will return to target on schedule
Inflation set to remain high into 2025, IMF warns
Soft landing looks more likely but growth is “limping along”, says Pierre-Olivier Gourinchas
Peru and Uruguay cut rates again
Peru’s central bank says growth forecasts are gloomy, but Uruguay hints at end to cuts
Canadian deputy governor warns of repeating pricing pressures
Vincent argues supply shocks, technology and consolidation may make raising prices easier
Fed leaders split on whether further rate rise is needed
Leaders agree a soft landing is possible but not certain
Colombian and Caribbean central banks hold rates
Banrep board ignores government’s call for cut, while Jamaica and Dominican Republic also hold
Mexico and Guatemala continue to hold rates
Inflation is still falling, but Banxico expects rates will stay high for some time
Monetary policy tops US CFOs’ concerns
Survey finds high rates curtailing spending in 40% of firms
BoT unexpectedly raises policy rate by 25bp
Central bank cuts inflation and growth forecasts for 2023, but raises next year’s projections
BoE publishes terms of reference for Bernanke review
Former Fed chair to provide insights into how to forecast in “significant uncertainty”
FOMC members’ narratives add value to projections, finds paper
Both staff and FOMC members' projections aid forecasting, refuting Romer and Romer