Forecasting
ECB to explore nature-related risk in environmental plan
Climate change and biodegradation are “two sides of the same coin”
Richard Byles on Jamaica’s inflation-targeting baptism of fire
The Bank of Jamaica governor speaks with Christopher Jeffery about forex interventions, setting up digital disruptor banks and the next steps for Jam-dex
Memory shapes inflation expectations, study finds
People who remember high inflation also trust the central bank less, authors say
Caucasus central banks cut rates as inflation falls
Armenia, Azerbaijan and Georgia continue gradual easing, with Armenian inflation at -0.5%
Economics Benchmarks 2023 – model banks analysis
Data reveals differences in research, forecasting and data use across central banks
Chile cuts rates for fourth consecutive meeting
Board forecasts inflation will return to 3% target in 2024
Mexico holds rates again, while Peru cuts
Peruvian board says inflation is falling faster, while Banxico predicts more gradual disinflation
Economics Benchmarks 2023 report – tentative steps on AI
The benchmarks show some small steps to increase AI use, and shed light on broader reforms to modelling, governance and more
Bank of Canada maps path to ‘fourth-generation’ models
Officials plan to create new workhorse model backed by variants focusing on key topics
Obstfeld argues central banks’ rate models are ‘conceptually flawed’
Former IMF chief economist says rates could soon return to the effective lower bound
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’