Interest rates
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. Central Banking looks back at the stories that made the biggest impact this year
IMF backs $3.1 billion loan for Egypt
Conditions include locking in the floating exchange rate
PBoC keeps lending rates unchanged
Analysts expect central bank to cut key lending rates in coming months to support property sector
Latin American rates: Colombia adopts highest rate since 2001
Argentina holds steady again, while Nicaragua raises rates
Bank of Japan surprises analysts with yield curve tweak
But governor Kuroda says the move is not a rate hike nor a step to end easy policy
BoJ accord may be revised with more flexible inflation target
Planned revision could lead the BoJ to tweak its ultra-loose policy, reports say
Mexico continues tightening with 50bp hike
Central bank shadows Fed as it confronts ambivalent inflation figures
BoE raises rates 50bp as outlook marginally brightens
Two MPC members vote to keep rates on hold, as staff predict slightly lower inflation
Fed slows rate rises with 50bp increase
Powell stresses possibility of soft landing supported by “structural labour shortage”
IMF approves long-term resilience loan for Rwanda
Fund urges “more decisive monetary tightening”
ECB paper examines effects of real rates on banks’ fragility
Level of real interest rates determines whether price or scale effects predominates, researchers find
IMF and Ghana reach initial agreement on $3 billion loan
Stricken country preparing domestic debt restructuring
Rates round-up: Poland holds rates despite high inflation
Serbia and Bulgaria raise rates as double-digit inflation plagues eastern Europe
Brazil and Paraguay hold rates, while Curaçao opts for rise
Inflation has almost halved in Brazil in six months since April, but board says fiscal outlook uncertain