Interest rates
Brazilian president questions central bank autonomy
Lula reiterates objections to current inflation target after central bank holds rates
Brazil continues to hold rates despite president’s objections
Former governor says president’s speech reduced chance of bank loosening policy
Wanted: radical ideas for inflation modelling
Hedge funds echo Mervyn King’s calls for a new approach to inflation modelling post-2022 crisis
Stefan Ingves on leadership, prudential oversight and transparency
Riksbank veteran talks about Basel III, policy lessons and CBDCs
Canadian governor rules out early rate cuts
Macklem says bar for rate rises has risen and he cannot rule out “mild recession”
Brazilian ex-deputy governor says inflation target too low
Mandatory public spending means Brazil will have higher inflation than peers
BoJ should consider ending yield curve control – IMF
Fund warns inflation risks could force central bank to take “much stronger” action
Pakistan raises rates 100bp amid reserves crisis
Reserves now only enough to cover about three weeks of imports
Colombia finance minister says no more rate hikes needed
Ocampo says December inflation figure of 13.1% was the peak level
Monetary tightening has ‘rapid’ effect on spending – BIS paper
Study finds conventional policy tools have bigger impact on consumption than unconventional ones
Bank of Japan defies expectations of yield curve change
Governor says it will take time for last month’s yield curve tweak to play out
Serbia continues rate increases
Inflation stalled in double-digit range as central bank battles “second-round effects”
Federal Reserve saw fall in profits in 2022
Central bank remitted $76 billion to US Treasury, but has been in red since September
Fed presidents in chorus for smaller rate hikes
Harker, Daly, Collins and the departing Evans all signal preference for 25bp in February
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
Bank of Korea raises policy rate to 14-year high
Two central bank board members voted to hold the rate steady
Peru raises rates for 18th consecutive month
Inflation remains stubbornly high, but central bank is optimistic it will fall in 2023
US CPI inflation falls again
Falling fuel prices drive down index for sixth straight month
BSP governor signals smaller rate hike likely next month
Governor Felipe Medalla says pressure from US monetary policy has declined
FOMC waiting for ‘more evidence’ of inflation decline
December FOMC minutes show staff and policy-makers warning inflation risks remain high
Paper explores development and monetary policy transmission
Financial development only improves transmission to some rates, Colombian researchers find
The strong dollar, global inflation and global recession
Steve Kamin asks whether the Fed’s tight policy is pushing the world towards recession
2022: The year in review
The invasion of Ukraine left central banks facing yet another exceptional set of challenges this year
IMF backs $3.1 billion loan for Egypt
Conditions include locking in the floating exchange rate