Growth
Chile cuts rates again on lower inflation forecasts
Central bank reduces policy rate by 50 basis points to 2%; signals more stimulus may be needed
Israel’s Yaron calls for targeted spending as elections draw near
Governor says fiscal policy must seek to boost living standards while maintaining discipline
A key message from Jackson Hole: policy must globalise
Setting policy in isolation is becoming untenable and spillovers must be considered more, remarks suggest
San Fran Fed president ‘biased’ towards a hot economy
Gains from a hot economy disproportionately flow to disadvantaged groups, Daly says
Argentina opens IMF talks as crisis deepens
Government extends debt maturity and pledges reserves will not be used to repay international investors
BoE policy-makers face fallout from political chaos
November policy decision could be unveiled on an election day; new analysis by MPC members suggests worst economic impact yet to come
Bank of Jamaica cuts rates
Move aims to keep inflation within its target band
Iceland cuts rates again
Decision follows rate reductions in May and June, placing key rate at 3.5%
Powell treads cautious line in Jackson Hole remarks
Chairman gives few clues to future policy; Trump appears unimpressed with the address
Egypt sharply cuts rates as inflation slides
Central bank resumes easing cycle, reducing rates by 150 basis points
Summers and Stansbury warn of ‘black hole’ as central bankers debate solutions
Economists say they hope for revolutionary thinking at Jackson Hole conference – “but we are not holding our breath”
Germany issues first ever zero coupon 30-year bond
Move raises questions over how ECB will respond to tough conditions, analysts say
FOMC divided over July cut, minutes show
Some FOMC members worried by effect of rate cut on US financial stability
Overcoming deflation: Japan’s experience and challenges ahead
Bank of Japan governor Haruhiko Kuroda explains how Japan’s long battle against deflation may offer insights for the future conduct of monetary policy at other central banks
San Fran Fed’s Daly plays down recession fears
But there are still problems in labour market, president says in online Q&A
Latin America’s escape from hyperinflation
Adoption of inflation targeting, flexible exchange rates and prudent fiscal policies in Brazil, Chile, Colombia, Mexico and Peru ended decades of runaway inflation
Anticipation of fiscal stimulus has ‘sizeable’ impact on growth – paper
Passing the 2018 US Bipartisan Budget Act increased GDP by 1%, researchers find
RBA ready to cut rates below record-low 1% – minutes
On August 6, central bank cut its growth projections on higher international trade tensions
Trump attacks ‘horrendous lack of vision’ by Powell
President calls for return to crisis-era policies and acknowledges strong dollar is harming other economies
The Fed’s trade policy dilemma
FOMC should loosen, but members must speak out more forcefully against tariffs, writes Barry Eichengreen
Bundesbank sees risk of recession in Q3
Economic report paints bleak picture as eurozone inflation continues slide
Mexico cuts rates for first time in five years
Economy has had weakest first-half growth in six years, Dallas Fed reports
China will need more stimulus if trade tensions rise – IMF staff
IMF staff say China’s financial system still has “elevated” vulnerability
IMF warns Zambia over risks
Country must act fast over rising debt to prevent “disorderly” fiscal adjustment, IMF board says