Growth
Turkish lira down 22% as crisis builds
Lira collapses and bond yields soar as Donald Trump unveils fresh sanctions
RBA trims inflation projections on low wage growth
Weaker outlook leads RBA to cut CPI forecasts to 1.75% in December 2018 from 2.25%
Philippines central bank makes biggest hike of 2018
Central bank raises interest rates by 50bp on the back of mounting inflation pressures
Eurozone mortgage lending back to pre-crisis levels – ECB
New loans reached 4.5% of GDP in the year to March 2018; average since 2001 is 4.4%
Barbados hands GDP baton to statistical agency
Central bank will abide by international best practice and use statistical service estimates
No rate hike likely until 2020, says RBNZ’s Orr
Central bank leaves interest rates on hold as concerns around growth and inflation emerge
US could lose a third of growth to climate change – Richmond Fed article
Authors warn economic damage could be much more widespread than typically assumed
CNB hikes in bid to tame inflation
Strong growth is boosting salaries and consumption in the Czech Republic
Fed keeps rates unchanged but points to strong economic activity
FOMC says it expects to implement gradual increases in federal funds rate
RBI makes fresh rate hike as inflation pressure persists
Central bank faces rising food and oil prices, while growth remains rapid
Kenya’s central bank cuts rates in bid to boost economic output
Growth remains strong, but economic output was below potential, Njoroge says
Colombia holds rate on uncertain economic outlook
Higher oil prices are contributing to solid growth, but are beyond the central bank’s control
Swedish growth surprise could herald Riksbank hike
Swedish economy expanded above forecasts, boosted by consumption, inventories and exports
Researcher models business cycle using ‘animal spirits’
San Francisco Fed paper incorporates ‘equity sentiment shock’ into model
Bank of England poised for hike despite weak data
Economists still expect a raise in interest rates when the MPC meets next week
BoJ may tweak policy at next meeting – local media
Speculation comes as Japanese central bank intervenes in bond market for first time since February
Flattening yield curve opens questions about nine-year US expansion
Officials and market observers disagree about information conveyed by bond yields
China’s weakening data triggers stimulus action
PBoC official complains the central bank was having to act alone
G20 warns against protectionism
Finance ministers and central bankers commit to support economy with fiscal and monetary tools
US expansion set to continue despite trade disputes – Powell
Protectionism may still negatively affect economy, Fed chair concedes
Fed signals solid growth in report to Congress
FOMC members support gradual normalisation of monetary policy
Protectionism triggers ‘rising level of concern’ in US – Powell
Fed chair thinks it is difficult to predict the effect of trade barriers on the economy
Weak US productivity behind low wage growth – IMF
Declining labour share of income is another contributing factor
Bank of Canada hikes rate on solid growth
Tariffs on steel and aluminium expected to have modest effect on growth and inflation