Interest rates
World faces ‘new investment regime’, says Mauritian governor
Seegolam says “bonds are back” but FX will be volatile
Georgieva warns of increased risks to financial stability
Action by policy-makers has only eased stress “to some extent”, IMF chief says
Riksbank governor stresses Swedish banks’ strength
Thedéen says “inflation needs to come down significantly” in 2023
Moldova cuts rates while North Macedonia tightens
Inflation falling in both countries as Moldova confronts drought and energy problems
Fed raises rates 25bp and signals possible halt soon
Credit tightening may substitute for further rate hikes, Powell says
Lagarde lays out ECB’s data-dependent rate path
ECB president stresses bringing inflation to target is “non-negotiable”
Lifetime achievement: Stefan Ingves
Modest man from the Finnish ‘boonies’ has had a major impact on international central banking
RBA says interest rate pause is on the cards for next month
Central bank says monetary policy is in “restrictive territory”
Denmark adjusts rates after ECB increase
Central bank warns inflationary pressures will remain high and calls for fiscal caution
SNB to lend up to $54 billion to Credit Suisse
Swiss central bank and supervisory authority say bank meets capital requirements
Financial stability risks add uncertainty to ECB policy path
Central bank broadly expected to deliver another 50bp rate hike, taking rates to 3%
US banking collapses muddy monetary policy outlook
Bank failures raise question of whether Fed can maintain stability while tightening policy
Sarb deputy warns on growth prospects
Cassim says economy is “remarkable for the wrong reasons”
Blanchard and Summers say higher inflation likely to persist
Veteran economists say structural factors are likely to push up neutral rate and inflation
Lane sees tentative signs of easing in underlying inflation
ECB officials stress need to keep tightening monetary policy in the months ahead
Rates round-up: Australia signals more tightening to come
Guatemala and West African states increase rates, while Jamaica raises reserve requirement
Pakistan raises rates by 300bp as default risks rise
Authorities struggle to collect taxes and unlock IMF funds
Book notes: The next age of uncertainty, by Stephen Poloz
This book provides a well-informed and well-argued view about our economic future
Australian treasurer welcomes chance to ‘refresh’ RBA board
Chalmers does not recommit to extending Philip Lowe’s term as governor
Book notes: A guide to good money, by Brendan Brown and Robert Pringle
The authors make some good points even if one does not agree with this full-bodied attack on Keynesian economics and inflation targeting
Young borrowers struggling with debt – New York Fed
Delinquencies are rising fast and forbearance on student loans is set to end
BIS welcomes end to investors’ ‘sanguine attitude’
Optimism over future easing clashed with what central bankers were actually saying
CBRT cuts policy rate to support earthquake recovery
Central bank fears supply disruption from natural disaster could add to inflationary pressures
BoE’s Mann challenges idea of ‘long and variable lags’
MPC member says changing transmission of policy in UK may demand more tightening