Inflation
Central bank of the year: The Federal Reserve System
Overwhelming Fed interventions in March 2020 forestalled a damaging global financial crisis, as policy overhaul prompts introspection in Europe and Japan
Bundesbank paper looks at German inflation expectations
Social media forms less realistic picture of current price levels than traditional news – researchers
Turkish president fires third central bank governor in a row
Former politician becomes governor days after MPC raises rates; lira falls sharply
Lagarde highlights uncertain outlook due to vaccination
ECB ready to adjust policy tools to ensure inflation increases towards target
Turkish central bank announces large rate rise
MPC says tighter monetary policy will be “sustained decisively” as official figures show inflation rising
BoE holds interest rates as MPC members differ over risks
MPC points to signs of stronger recovery but also uncertainties around household spending
Brazil’s central bank raises policy rate
MPC signals it is ready to raise rates at May meeting in response to rising inflation
Georgia central bank raises policy rate despite recession
Authorities hike rates, citing rising inflation, amid high unemployment and political turmoil
Fed keeps policy rate steady
Jerome Powell says FOMC will hold policy until it sees “actual progress, not forecast progress”
Firms and consumers form expectations differently – Irish paper
Confidence leads eurozone firms to expect higher inflation, but consumers to expect lower, says research
Eurozone inflation remains stable
Official figures show inflation at 0.9%, unchanged from January
Belarus central bank cancels meetings calendar
Despite rising inflation, national bank holds policy rate steady and sets no date for next decision
Transparency: National Bank of Georgia
Georgia’s central bank has improved communications on monetary policy, financial stability and consumer protection
New monetary frameworks involve risk trade-offs – IMF’s Adrian
Lower-for-longer rates may help to avoid deflation, but could contribute to medium-term volatility
US fiscal stimulus key factor for inflation in Mexico – governor
Banxico governor stresses importance of investor’s portfolio changes ahead of next policy meeting
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the authority, integrity and independence of the Bank of Mexico against significant external and internal pressures
Fed paper finds ways to boost forecast performance
Adding extra information can help make forecasts more accurate and robust, authors say
National Bank of Denmark simplifies monetary framework
Central bank aims to reduce excess liquidity effect on money market rates
ECB to increase asset purchases
Lagarde says PEPP decision was unanimous as ECB staff increase inflation and growth forecast
Venezuela releases three new banknotes amid hyperinflation
High-denomination notes reflect ongoing surge in prices
CBRT’s Ağbal says central bank must aim for ‘permanent price stability’
Governor’s blog post marks new form of communication by senior executives
Yield curve control not ECB’s ‘easiest way forward’ – Centeno
ECB board member Fabio Panetta calls for decisive action to reduce higher bond yields
Brazil ramps up FX interventions to defend real
Governor Campos Neto says fall “is not justified by fundamentals”
Central Bank of Argentina calls for investigation of IMF agreement
Fund granted South American economy over $57 billion in 2018, its largest-ever package