Growth
Switzerland and Norway hold, Czech Republic and Moldova hike
SNB says inflation uptick is temporary, while CNB and Norges Bank highlight wage pressures
Botswana holds rates, while Namibia tightens by 25bp
Southern African nations remain cautious, despite deal between US and Iran
Philippines and Indonesia tighten by 25bp
BSP says inflation ‘strong’ as BI’s focus remains on rupiah
Fed holds rates in first meeting under Kevin Warsh
FOMC drops easing bias and forward guidance, as chair announces taskforces to improve Fed operations
Chile holds rates for fourth time in a row
Policy-makers say balance of risks to inflation is shifting towards equilibrium
Riksbank holds, but keeps option to hike on the table
Updated forecast builds on assumption that oil supply will begin to normalise ‘in the near term’
BoJ tightens to 1% and plans end to JGB purchase reductions
Governor absent as bank sets policy at 31-year high amid inflation risks driven by Iran war
RBA holds policy and says inflation is ‘too high’
Australian governor hawkish amid concerns of embedded inflation expectations
Zoltán Kurali on Hungary’s reserves strategy and euro adoption
Deputy governor speaks about portfolio positioning amidst geopolitical volatility, AI, CBDC and the future of the forint
Domestic growth unlikely even if Germany wins World Cup – Nagel
Bundesbank president says momentum will pick up by 2028 and calls for further deregulation
Peru holds rates amid too-close-to-call election
BCRP says effects of supply shocks that drove inflation will dissipate
Governor says BoK must tighten policy ‘before it is too late’
Shin rows back on previous calls to look through inflation and says data points in one direction only
ECB hikes by 25bp as eurozone inflation takes off
Staff projections foresee higher price growth followed by downward revision over coming two years
Canada holds amid uncertainty over tariffs and energy shock
Governor points to US trade policy and Iran war as known unknowns affecting trajectory of policy
Supervision must be forward-looking, says ECB’s Donnery
Resilience prepares banking system for complex risk landscape, top supervisor tells London Meetings
Time saved by AI does not increase output – BoK study
Paper says technology has reached efficiency stage but not productivity stage
Oil price shock to weigh on growth in Guatemala – IMF
Institution adds that central bank’s current monetary policy stance is ‘appropriate’
BI offers more support for rupiah with off-cycle rate hike
Bank plans measures to attract foreign investors to its debt as currency performs worse than expected
Nicaragua holds rates for fifth consecutive occasion
Central bank expects ‘low and stable’ inflation despite uncertain geopolitical environment
Iceland could join euro even during a crisis – ECB’s Vujčić
BoE’s Mann also highlights pros and cons of country’s accession at currency conference
Indonesia amends law to expand BI’s growth focus
Rupiah hits new low as lawmakers are given greater oversight over central bank
AFI’s Alfred Hannig on the criticality of financial inclusion
The CEO of the Alliance for Financial Inclusion speaks about the importance of collaboration on digital and open finance, cyber resilience, data and credit infrastructure, women’s inclusion and consumer protection, amid funding squeezes
Sarb hikes interest rates for first time in three years
MPC split, though governor says this was more about timing than direction of travel
Economists find ‘strong and stable’ Phillips curve in China
Past studies had struggled to pin down a clear link between inflation and output in the economy