GDP
Public trust: the role of the private sector in exploring digital currency
Digital currencies that effectively protect financial privacy in lawful transactions will garner enduring confidence in the highly integrated networks of the future, argue J Christopher Giancarlo and Daniel Gorfine
Bank of Korea continues rate pause
Central bank cites ‘uncertainties’ in deciding to hold
Chile central bank acknowledges ‘very important depreciation’
Issue will feature at next week’s monetary policy meeting
Bank Indonesia resumes tightening to stabilise currency
Central bank to issue FX-denominated notes to attract capital inflows
Peru and Uruguay cut rates again
Peru’s central bank says growth forecasts are gloomy, but Uruguay hints at end to cuts
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
Colombian board ignores government’s call for cut, while Jamaica and Dominican Republic also hold
RBA continues to hold rates under new governor
‘Some further tightening of monetary policy may be required,’ Bullock says
Thai PM meets governor after unexpected rate rise
BoT said new government’s spending package is an inflation risk, as currency falls
More rate hikes may be needed, says Bundesbank’s Nagel
German governor has a soft landing as his baseline scenario
Monetary policy tops US CFOs’ concerns
Survey finds high rates curtailing spending in 40% of firms
Joachim Nagel on the ECB’s terminal rate, fiscal policy, model relevance and the digital euro
The Deutsche Bundesbank president speaks about compromise on the Governing Council, rolling back PEPP, the need to implement Basel III and the chances of a revised Stability and Growth Pact
South Africa and Egypt both hold policy rates
Sarb governor says job of fighting inflation “is not yet done”
OECD says interest rates should stay high ‘until well into 2024’
Report says monetary policy needs to stay tight until underlying inflationary pressures are lowered
FOMC members’ narratives add value to projections, finds paper
Both staff and FOMC members 'projections aid forecasting, refuting Romer and Romer
Latin America roundup: Brazil makes second 50bp rate cut
Paraguay eases rates down, while Costa Rica holds as negative inflation continues
Bank of England pauses for first time since December 2021
MPC votes 5–4 to halt cycle amid slowing inflation and a sluggish economy
Asian central banks hold rates
Philippines, Indonesia, Taiwan and Hong Kong stay put
Inflation battles often last more than five years, IMF paper says
Disinflations usually do not need prolonged falls in output, employment or wages
West African central bank raises rates as crises continue
Authorities cite “rising uncertainties at regional level” and reduced aid after wave of coups
Chile continues rate cuts
Central bank lowers policy rate as economy shows signs of slowing
Kazakhstan central bank governor replaced with presidential staffer
Move comes amid flurry of new appointments made this year
Jackson Hole in the wake of policy rules
Symposium heralds a shift to relying on incoming data and judgement, rather than rules or even formal models, to hit inflation targets, writes Barry Eichengreen
ECB: from a supply to a demand-driven floor?
Eurozone’s central bank expected formally to abandon corridor in forthcoming operational framework review