Inflation targeting
Australian government to review RBA mandate and governance
Review will look into the board structure and performance, after RBA suffers criticism over policy choices
BoI’s Yaron stresses flexibility offered by inflation target range
Bank of Israel has been studying the possibility of modifying its inflation target
Pakistan raises rates again as inflation climbs past 20%
IMF urges tighter fiscal policy as governor's post remains unfilled
Bank of Uganda raises rates 100bp at unscheduled meeting
Move is second increase in as many months as governor’s post remains unfilled
Uruguay continues ‘contractionary’ monetary policy
Eighth consecutive rate hike is smallest since last November
Bank of Israel orders biggest rate rise since 2011
Central bank continues “monetary contraction” as Israel faces fifth election since 2019
Bangladesh Bank orders second rate hike
Central bank publishes monetary policy for 2022–23
Guatemala hikes rates 25bp for second consecutive month
Board blames global commodity prices, as inflation breached target range in May
Colombia announces largest-ever rate increase
Central bank orders 150bp rise, while president-elect announces next finance minister
Dominican Republic orders 75bp rate rise
Core inflation still rising as central bank orders sixth rate hike in eight meetings
Bank of Jamaica continues tightening cycle
MPC adds 50bp, describing May inflation drop as mainly due to “temporary effects”
Riksbank carries out largest rate rise since 2000
Swedish central bank says chances of wage-price spiral have increased
Campos Neto says ‘worst of the inflation’ has passed
Brazil’s governor says central bank “came out ahead” of price increases
Hungary makes shock 185bp rate increase
Central bank responds to inflation and weak forint with largest increase since 2008
BIS says central banks must act ‘decisively’ on inflation
Tightening policy hard and fast may be central banks’ best shot at engineering a soft landing
Bank of Mexico orders largest-ever rate hike
Mexico matches Fed as inflation continues well above target
Paraguay continues rate hikes despite economic contraction
Central bank raises policy rate for 11th month in a row, as GDP growth falls
Iceland meets high inflation with second 100bp hike
MPC forecasts more increases as Nordic country confronts internal and external pressures
Brazil’s MPC continues hikes, but slows pace
Central bank orders eleventh consecutive increase, and says it expects more, but smaller, rises
Bangladesh appoints senior civil servant as central bank governor
Abdur Rouf Talukder will take office in July
Czech president names three new rate-setters
Some observers say appointment may create dovish majority on board
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
Reserve Bank of Australia joins 50bp club
Australian central bank continues post-pandemic tightening with second, larger hike
What is the right size for a central bank board?
There is greater consensus for smaller boards in theory than in practice