Inflation
Bank of Albania must resolve policy transmission issues – IMF
Issues with monetary policy transmission are obstructing efforts to hit inflation target
Bank of Ghana slashes further 100bp from policy rate
Action follows similar move in 2018, as inflation declines into the target range
Turkish central bank sees inflation outlook improving
Inflation undershot forecasts in latest period, having overshot them earlier in 2018
Rwanda’s Rwangombwa handed second term
Governor previously oversaw improvement in country’s growth prospects and progress towards single eastern currency union
BoJ minutes show disagreement over outlook
Not all members agree on how low 10-year yields should be
Ageing population is deflationary – HKMA paper
Deflationary pressures “should not be ignored”, economist says
Zimbabwe’s government hunts for dollar alternative
Continuing with dollarised economy could mean return to hyperinflation, economist says
Norges Bank leaves rates unchanged
Central bank says it is still likely to hike rates in March 2019
Risks to eurozone growth are rising, warns Draghi
Uncertainty over trade and political instability are affecting confidence, ECB president says
Riksbank’s normalisation faces darker global outlook
Looser stance in the US and eurozone may hamper new hikes in Sweden
BoJ cuts inflation forecast in fourth consecutive outlook report
Central bank maintains interest rates and yield curve control
Argentina resumes forex interventions as peso rises
Central bank bought dollars in January to depreciate peso and keep it within non-intervention zone
Nicaragua’s central bank reserves fall 41%
Steep slide due to attempts to stem outflows of currency after political crisis
Transparency: National Bank of Ukraine
The Ukrainian central bank has made strong progress in improving its transparency during a highly challenging operating environment
Sudan central bank again pledges new banknotes as crisis continues
Rising prices fuel violence in capital as governor says he will seek foreign funds
Paper proposes ‘re-engineering’ US statistics
System for compiling statistics is dated and overly complex, authors say
Turkish central bank makes early payout to government
Extraordinary general meeting sees CBRT agree to similar actions in future
Summers and co-authors find negative rates can be contractionary
Policy rate cuts below zero can lead to higher lending rates by commercial banks, authors find
Central bank’s headline inflation projections improve significantly
Central bank’s headline inflation projections improve significantly over near term, but inflation still forecast to climb to 5.3%
CBSL resorts to monetary financing amid wait for IMF talks
Central bank promises loan to government will be unwound in the first quarter of 2019; IMF talks scheduled for mid-February
UK lawmakers demand fix for RPI miscalculation
House of Lords says Statistics Authority’s failure to fix error has left many members of public poorer
CBRT holds main rate steady at 24%
Turkish central bank keeps rates high as signs emerge of a “rebalancing trend” in the economy
Key Brexit vote complicates outlook for UK economy
Vote this evening leaves UK’s political and economic future uncertain; analysts optimistic on outlook for sterling
Low US unemployment unlikely to foster sudden wage growth – research
Fed projections see unemployment rate falling to 3.5% by the end of 2019