Inflation
Currency round-up: Lebanon considers new high-denomination notes
South Africa issues upgraded notes; Argentina 2,000 peso enters circulation; and more
Campos Neto repeats opposition to common currency
Digital payments have outstripped benefits of “very old idea”
Central banks need short-run climate models – BdF governor
Governments may push central banks into ineffective climate action, Sarb governor warns
Dominican Republic cuts key rate by 50bp
Central bank expects headline inflation will have returned to target in May
Bank of Mexico to maintain tight policy, minutes say
Board says it will have to keep rates at 11.25% “for an extended period”
Eurozone inflation declines sharply in May
Core inflation declines from 5.6% to 5.3%
Lagarde warns against excessive tightening
Eurozone inflation declined sharply in May from 7% to 6.1% and core inflation declined to 5.3%
Common deposit insurance essential for financial stability, says ECB
Central bank says tighter financial conditions are putting pressure on households and businesses
Thailand’s central bank raises interest rate for sixth consecutive time
Central bank highlights upside risks to inflation amid economy recovery
Central Bank of Chile sets first counter-cyclical buffer
BCC also warns government could face financing problems
Carbon pricing would have ‘limited impact’ on eurozone inflation, says paper
Inflation would rise less than 0.2% per year until 2025 and then decline, researchers say
ECB needs ‘persistence’ in tight policy, French governor says
Transmission is slow but rate should reach terminal level in summer, says Villeroy de Galhau
Sarb raises rates and warns of worsening economy
Central bank cuts growth forecast and says long-term inflation expectations are rising
Nigerian MPC continues tightening
Official figures show slight rise in inflation as pressure on currency continues
Governors weigh trade-offs between inflation and financial stability
Officials stress central bank independence is key to addressing these risks
Iceland raises rates 125bp to head off ‘wage-price spiral’
MPC orders largest increase in two-year tightening cycle as inflation remains near 10%
ECB paper estimates inflationary effects of climate change
Rising temperatures are having persistent effects on prices, especially for food
RBNZ raises rates to peak level
Central bank predicts rates will come down slightly faster than in February forecast
Bernanke and Blanchard reassess causes of inflation surge
Economists who predicted surge misunderstood underlying causes, study finds
‘Robust’ wage growth consistent with disinflation – BIS paper
But firms need to avoid increasing their profit margins, authors find
BoE adjusting main models after forecast misses
Bailey says policy-makers decided to “aim off” main forecast after repeated errors
Bank of Israel increases rates by 25bp to 4.75%
Central bank stresses inflation slowed down over the last three months
Financial security of US households ‘fell sharply’ in 2022
Inflation comes first in list of financial worries, Fed survey finds
PBoC holds key lending rates for ninth straight month
Central bank unlikely to cut rates this year amid yuan weakness, analysts say