Inflation
Government officials told BoJ that economy was at ‘crossroads’
October minutes show board members called for faster tightening at meeting that resulted in hold
Czech Republic raises rates in split vote
Governor says decision, reached by 4–3 majority, is ‘fine-tuning’ to curb inflation expectations
Banxico cuts rates on account of lower core inflation
Central bank makes ‘one-time’ 25bp cut, with 3–2 voting split on governing board
Book notes: Keynes for our times, by Robert Skidelsky
Skidelsky skilfully reframes economic debates in this distilled biography, but overreaches in the final chapters
BdF launches ‘Operation Savings’ video game
Online challenge aims to introduce French citizens to ‘main mechanisms of saving’
Bank of England makes first rate hike since 2023
MPC votes shift from 3–6 to 8–1 in favour of 25bp increase to 4%
Non-banks and rising debt threaten independence – Schnabel
Forward guidance was ‘too Odyssean’ during pandemic, says outgoing ECB board member
Brazil ends easing cycle following Lula’s election win
Resistance to addressing imbalances could risk ‘perennial debate’ on fiscal dominance, says economist
Working group minutes: Cash infrastructure under pressure
Both high and low volumes of cash in circulation are causing problems for central banks
Central banks buy gold at fastest pace in two years – WGC
PBoC and National Bank of Poland added 104 tonnes in Q3
Riksbank delivers first rate hike in three years
Central bank cites rising costs stemming from conflict-driven supply disruptions
ECB says no options ‘off the table’ on green dual rates
French parliamentary report claims cheaper lending for transition projects needs no treaty change
RBA tightens policy to 18-year high
Governor says hike targets domestically driven inflation rather than direct effects of oil price rises
Colombia holds rates and shores up reserves by $2bn
Central bank says move to purchase dollars from government ensures it can weather potential shocks
Bahamian economy faces ‘elevated’ downside risks – Rolle
FX reserves more than adequate to support currency’s US dollar peg, central bank governor says
BoJ says 2% inflation target has been met as it holds policy
Pause comes as central bank speeds up timeframe for ETF selloff from 112 years to 43
Rethinking capital-flow resilience in an age of recurring shocks
Amro’s Yasuto Watanabe and Takuya Yoshioka argue that policy-makers need a range of credible monitoring and policy tools to address the next waves of major shocks
ECB holds rates as it waits for ‘additional information’
Lagarde says her need to speak out on wider issues was key reason for her announced departure
Botswana holds, while Namibia hikes to protect currency peg
Southern African neighbours diverge as inflation takes different directions
Pacific series: Solomon Islands governor on reform amid political uncertainty
Luke Forau speaks about how Article IVs could be improved in the Pacific while addressing financial inclusion, CBDCs, conflict economics and more
Fed holds rates as Warsh cuts number of meetings
Cook and Hammack push for 25bp hike as chair announces strategy-focused meetings with no policy decisions