Forward guidance
RBA governor apologises over forward guidance
Philip Lowe says he’s sorry that people took out mortgages on the basis of central bank guidance
RBA to return to “less specific” forward guidance
Central bank admits forward guidance during the pandemic was sometimes too complex
Philippines governor announces rate rise in two weeks’ time
Governor Felipe Medalla gives forward guidance on intensified rate hike after Fed decision
BoK governor highlights difficulty in forward guidance
Rhee Chang-yong says he may reassess forward guidance amid exchange rate pressure
Book notes: 21st century monetary policy, by Ben S Bernanke
Bernanke’s great book offers important insights for today’s policy-makers, writes Stephen Poloz
Economy’s ‘first responders’ now in the line of fire
Forceful but late interventions to combat inflation raise the risk of central bank overreactions
ECB raises rates by 75bp for the first time
Lagarde warns monetary policy will not bring energy prices down
RBA sets up new panel of private-sector economists
Expert panel will meet at least twice a year; move follows “embarrassing” forecasting issues
Taiwan academics call for central bank reform
Academica Sinica says the central bank could invest part of its foreign reserves into a SWF
How central bank mistakes after 2019 led to inflation
There is a need to acknowledge errors and take concrete action to restore confidence in policy-making
US experts believe inflation will fall, eventually
CPI inflation surges above consensus forecasts, but economists expect a turning point soon
Central bankers have lost sight of inflation
Resurgence comes after crypto and climate distractions from primary task
Bernanke says Fed acted too slowly on inflation
Former Fed chair argues forward guidance hampered Fed’s response to rising prices
Christopher Waller denies Fed is ‘behind the curve’
Governor argues Fed not given due credit for forward guidance and low unemployment
Is a bond market crisis imminent?
Central banks need careful action and a good dose of luck if they are to avoid financial instability
Lifetime achievement: Stanley Fischer
Fischer has had a profound impact on monetary economics and central banking during his prolific career
BoE’s Broadbent highlights perils of forward guidance
Deputy governor warns conditional guidance is often viewed as a promise to act in a certain way
Riksbank minutes confirm board division on normalisation
Three out of six board members voted to accelerate end of net asset purchases
Diego Labat on policy normalisation, capital flows and tech challenges
Uruguay governor speaks about financialisation, flexible rates vs controls, payment upgrades and CBDCs
ECB maintains stance but Lagarde hints at hawkish policy turn
Lagarde's press conference remarks seem to differ from policy statement, analysts say
Wunsch sceptical on forward guidance
Belgian governor says tool may be effective in a stable environment of below-target inflation
Pierre Wunsch on inflation, forward guidance and policy tightening
Belgium’s governor speaks about models, reversing unconventional policies and other challenges
Uruguayan central bank speeds up monetary tightening
Central bank makes fourth consecutive hike and says it expects further rises at next two meetings
The matter of minutes: Why open up private deliberations?
Many central banks publish records of MPC meetings. Where should public scrutiny stop?