Interest rates
Reserve managers weigh new risk-return equation
Central bankers tell virtual meetings there is no ‘universal safe haven’ as they prepare for next crisis
Government officials told BoJ that economy was at ‘crossroads’
October minutes show board members called for faster tightening at meeting that resulted in hold
SNB could reintroduce negative rates – Schlegel
Bank sets higher bar for going below zero, but chair says it will act if price stability is at risk
Canada’s Tiff Macklem on the US trade dispute, AI and framework renewal
Bank of Canada’s governor speaks about declining economic resilience, the need for decisions despite policy dilemmas, Canada’s new interconnected, sector-focused structural model, lessons from QE, and more
Czech Republic raises rates in split vote
Governor says decision, reached by 4–3 majority, is ‘fine-tuning’ to curb inflation expectations
Book notes: Keynes for our times, by Robert Skidelsky
Skidelsky skilfully reframes economic debates in this distilled biography, but overreaches in the final chapters
Brazil ends easing cycle following Lula’s election win
Resistance to addressing imbalances could risk ‘perennial debate’ on fiscal dominance, says economist
Central banks buy gold at fastest pace in two years – WGC
PBoC and National Bank of Poland added 104 tonnes in Q3
RBA rate hikes add to pressure on Australian homeowners
Tightening is main factor behind biggest drop in house prices since Great Depression, says economist
ECB says no options ‘off the table’ on green dual rates
French parliamentary report claims cheaper lending for transition projects needs no treaty change
Colombia holds rates and shores up reserves by $2bn
Central bank says move to purchase dollars from government ensures it can weather potential shocks
The Fed shares trading scandals, five years on
Could revised rules serve as template for other central banks?
Bahamian economy faces ‘elevated’ downside risks – Rolle
FX reserves more than adequate to support currency’s US dollar peg, central bank governor says
BoJ says 2% inflation target has been met as it holds policy
Pause comes as central bank speeds up timeframe for ETF selloff from 112 years to 43
ECB holds rates as it waits for ‘additional information’
Lagarde says her need to speak out on wider issues was key reason for her announced departure
Fed holds rates as Warsh cuts number of meetings
Cook and Hammack push for 25bp hike as chair announces strategy-focused meetings with no policy decisions
Bank of Canada tightens policy for first time in a year
Macklem says governing council made ‘tricky’ decision to hike rather than hold
Eurozone banks tighten credit standards – ECB survey
Lending conditions for firms, consumers and homebuyers expected to become more stringent in Q4
RBNZ delivers surprise hold in split decision
Quarter point hike voted down by 4-3 as all board members agree tightening is likely to be needed
The risks and returns of ever-expanding swap and repo lines
Increase in central bank swap agreements and repo facilities should help to counter future liquidity squeezes. But the proliferation is fraught with political risk
RBA’s Hunter indicates more tightening likely
Deputy governor says inflation fight ‘not quite’ over yet following four rate hikes this year