Inflation
Surging US inflation tempered by small drop in expectations
Expectations fall over medium term but rise in short term
Bank of Israel makes first rate hike since 2018
Above-target inflation and tight labour market require a “gradual” tightening process
Fed mulls tightening on scale not seen for decades
FOMC members now contemplating 50bp rate hikes and major asset sales
African central banks face serious challenges, says IMF
Report suggests short-term measures, but says central banks also need structural reforms
Peru’s central bank tightens again as inflation surges
Board predicts inflation will peak in July as Peruvians mount street protests over food and fuel prices
Inflation is more painful for the poor, says Brainard
Fed official joins wider discussion about measurement and impact of inflation
Pakistan orders 250bp hike at emergency meeting
High commodity prices, currency depreciation and political turmoil force up prices
Is a bond market crisis imminent?
Central banks need careful action and a good dose of luck if they are to avoid financial instability
National Bank of Poland speeds up tightening
Central bank increases interest rates by 100bp, warning Ukraine invasion is driving inflation higher
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
Carstens: world may be on ‘cusp of a new inflationary era’
BIS chief warns new inflationary forces “have emerged with a vengeance”
Presidential ally obtained funds from Zimbabwe central bank
RBZ exchanged Treasury bills at inflated rate as part of giveaway, investigation finds
Brazilian central bank strike escalates
Staff now out indefinitely, interfering with Pix and economic statistics
Dallas Fed research says housing bubbles are ‘brewing’
Housing price expectations may have unanchored from fundamentals, paper finds
Swiss inflation rises above target
Oil prices contribute to inflation that is now above the SNB’s forecasts
Fractures in the monetary system
Seizure of Bank of Russia assets likely to have long-term implications for international system
Saudi Arabia deposits $5 billion in Egypt’s central bank
Egypt agrees investment from Qatar and UAE, and seeks funding from IMF as wheat prices rise
Eurozone inflation reaches record high of 7.5%
Observers think ECB is increasingly likely to accelerate plans to tighten monetary policy
Reserve managers weigh risks amid Ukraine crisis
Greater investment in commodity and energy-linked assets could be wise, some experts say
Central bank of the year: Bank of Korea
South Korea’s central bank was the first developed-world central bank to tighten policy to address inflationary risks
Lifetime achievement: Stanley Fischer
Fischer has had a profound impact on monetary economics and central banking during his prolific career
Rates round-up: Chile accelerates tightening
Plus Central African states, Jamaica and Georgia all order 50bp rises
Central banks ‘behind the curve’ on inflation, warns Goodhart
Charles Goodhart says stagflation is the most likely outcome in the coming years