Inflation
Monetary Policy Benchmarks 2021 report – seeking a strong anchor
Insights into the organisation and resourcing of monetary policy, decision-making, tools, transparency and market operations
Book notes: Robert Triffin, by Ivo Maes with Ilaria Pasotti
Triffin’s story is well told by Maes, whose extensive personal and academic research shines through on page after page
Kazakhstan hikes main rate as food prices balloon
Government reaches into its non-monetary toolbox to help tackle inflation
Above-target inflation may push Riksbank to taper
Inflation rose from 1.7% in July to 2.4% in August
Sri Lankan president names political ally to lead central bank
President appoints ex-governor Cabraal to role after predecessor resigns amid growing crisis
Peru’s central bank doubles rates on higher inflation
MPC says it expects inflation to be temporary and says economy is still weak
Canadian governor outlines next phase of policy
Governor says Bank of Canada will keep asset holdings unchanged in “reinvestment phase”
ECB announces moderate cut in net asset purchases
Council unanimously agrees adjustment despite mid-term below-target inflation projections
Sarb governor urges shift to narrow inflation target
Kganyago says it was a “mistake” to maintain a target band for so long
People: Former Malawi governor dies
RBNZ deputy governor departing; new appointments in Nigeria; and more
Bank of Zambia governor resigns
Mvunga leaves following change in presidents, amid high inflation
Policy-maker votes largely kept secret
Most central banks do not reveal how individual monetary policy-makers vote
RBA delays bond purchase review until 2022
Central bank pushes back review as new Covid outbreak threatens to delay recovery
BoJ deputy cautions against ‘premature tightening’
Core CPI is not the sole indicator of the BoJ’s monetary policy, says Wakatabe Masazumi
Policy-makers and staff often determine headline forecasts
Joint approach may help conquer systemic bias
Danish central bank positive on ECB strategy review
New 2% symmetric target could boost inflation, report says; climate change may impact price and financial stability
Moldova makes second rate hike in two months
Central bank cites “persistent inflationary process” as it raises policy rate 100 basis points
Majority of central banks do not take account of forecast errors
Surveys of inflationary expectations used widely, alongside macroeconomic and market indicators
Mozambique president reappoints governor
Former IMF official Zandamela has faced inflation, Covid-19 and fallout from alleged fraud
Zambia holds rates despite double-digit inflation
Governor says inflation will decelerate faster than expected despite being three times target rate
Majority of central banks have power to issue debt for monetary purposes
Central banks pointed to draining liquidity as a reason for issuing debt
Eurozone inflation reaches 10-year high at 3%
Rapid rise in energy prices was main driver, according to Eurostat estimates
FX market intervention key tool for emerging market economies
Central bank markets departments perform a wide range of different roles
Chilean central bank steps up policy tightening
Board unanimously decides to increase interest rates by 75 basis points to 1.5%