Inflation targeting
Fed’s favoured inflation gauge falls
PCE inflation reading for April 2022 was down from March
Bank of Korea raises policy rate again
Policy-makers expect high inflation for rest of year
RBNZ tightening policy ‘by more and sooner’
Central bank orders second 50bp hike, the fifth increase since last October
Japan’s inflation breaches 2% target
High import prices a key driver as flat wages drag demand
Rates round-up: South Africa, Philippines and Egypt hike
Emerging markets tighten policy amid unrelenting inflation
Ugandan president keeps governor’s role vacant
Observers say president Museveni wants loyal appointee to follow Tumusiime-Mutebile
Central bankers have lost sight of inflation
Inflation resurgence comes after central bankers were distracted from their primary task by climate and crypto, combined with an overreliance on new Keynesian approaches
The green agenda dilemma
Central banks face a choice over whether to support national energy independence or climate goals, amid calls from some parties for higher inflation targets
Polish MPs confirm Glapiński for second term
Governor wins narrow vote despite double-digit inflation and harsh criticism
Czech president appoints policy dove as governor
Koruna falls as rate-hike opponent and former Babiš adviser prepares to lead CNB
Romania meets inflation spike with rate hike
Central bank adds 75bp to policy rate as inflation passes 10% mark and economy sputters
Moldova continues rate climb as inflation passes 20%
Central bank orders another 300bp increase as war adds to price woes
Czech board raises rates in split vote
Central bank increases inflation forecast and awaits new governor appointment
Polish central bank hikes rates 75bp
Inflation at highest levels for 24 years as governor faces opposition over second term
Early comms involvement in policy raises effectiveness
Teams involved in earlier stages of policy report communications are more successful
Bank of Russia continues unwinding giant rate hike
Central bank cuts rate 300 basis points to 14%, in second reduction this month
Kazakhstan raises policy rate by 50 basis points
Inflation hit 12% in March and expectations are “not anchored”
Paraguay raises interest rates by 50bp
Central bank makes ninth hike in a row as inflation reaches double digits
People: Chicago Fed’s Evans to retire
Bulgarian parliament rejects governor pick; political heat on Cook still high as vote nears; and more
NBU plots path out of war economy
Ukrainian central bank turns to monetary financing as government struggles to pay for war
BCB union suspends strike for two weeks
Brazil central bank workers reject 5% pay offer and will continue some labour protests
Two Latin American central banks raise rates
Colombia’s two MPC dissenters call for steeper hikes; Dominican Republic raises rates 50bp
Romanian and Zimbabwean central banks raise rates
Zimbabwean figures say inflation has reached 72% but observers say this may be an underestimate
Lifetime achievement: Stanley Fischer
Fischer has had a profound impact on monetary economics and central banking during his prolific career