Inflation targeting
Mauritius hikes by 25bp as inflation climbs above target
MPC hopes acting now will help prevent need for larger increase down the line
RBNZ chief economist values greater freedom to share policy views
Paul Conway also says central bank flexible about potential mandate change
Dan Katz on the IMF’s role amid a fracturing economic system
The first deputy managing director speaks about the fund’s efforts in technical assistance, central bank guidance, debt workouts and surveillance in a system beset by fiscal imbalances, geopolitical fissures and digital disruption
Claudio Borio calls for revised monetary frameworks
Former BIS economist says central banks should tolerate mild deflation and aim for ‘nimbleness’
Sri Lanka holds rates as inflation remains high
CBSL says medium-term expectations remain ‘broadly anchored’ around target
Sarb hikes rates 25bp, citing persistent global supply shock
Global economy not in a healthy space, governor says
Nigeria makes biggest rate cut since 2007
CBN also recalibrates standing facilities corridor to strengthen policy transmission
MNB seeks closer alignment with ECB, lowers inflation target
Monetary policy decisions will also be reduced from 12 to eight each year from 2027
Turkey holds rates for fifth consecutive meeting
Expert says conditions are ‘falling into place’ for rate cut next month
Reconsidering the role of money in monetary policy
Euro policy architect Otmar Issing argues that central banks must improve their flawed inflation targeting frameworks
Kenya, Mauritius, Namibia and Uganda all hold rates
Expert says El Niño weather event likely to drive greater rate variability in 2027
Sarb governor outlines cautious stance on technological change
Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary
Federal Reserve holds rates with three members dissenting
Hammack, Kashkari and Logan push for 25bp rise in what FOMC chair says was a collegial ‘family fight’
Juha Park on the BoK’s updated monetary policy framework
Bank of Korea’s head of monetary policy communication says pre-Shin updates align with new governor’s thinking
Renewed Middle East hostilities prompt Nigeria to hold
Central bank keeps rates at 26.5%, despite moderating inflation
Argentina should borrow from international markets – Obstfeld
Economist calls for transition to floating exchange rate with inflation targeting
Ethiopia raises rates for first time in two years
Move comes as NBE removes lending cap on commercial banks
Move to inflation targeting could boost resilience – IMF paper
Countries in Middle East and central Asia should make exchange rates more flexible, authors say
Romania and Poland continue to hold rates
Central banks exercise caution as inflation and geopolitical risk cloud outlook
Israel continues easing cycle following US-Iran ceasefire
Improved inflation outlook and strong currency mean further cuts are likely, expert says
Mervyn King on his career and big ‘mistakes’
The former BoE governor speaks with Christopher Jeffery about the value of transparency, lessons from the GFC, the need to track broad money and tie short-term funding to haircut collateral, and danger presented by non-banks