Interest rates
PBoC keeps key rate on hold
MLF rate stays at 2.85%, as investors turn attention to second rate move next week
Change at the Bundesbank: from Weidmann to Nagel?
Joachim Nagel’s appointment highlights the importance of politics at the apex of German central banking. Veteran central bank watcher Klaus C Engelen looks at the media reaction and asks if Buba/ECB discord is set to continue
US core inflation much higher than eurozone’s, says ECB
Central bank points out differences in inflation dynamics across the Atlantic
Bank of Mexico continues tightening under new governor
President’s nominee Victoria Rodríguez supports 50bp rate hike in her first policy meeting
Peruvian board raises rate for seventh consecutive meeting
BCRP board hikes brings benchmark rate to 3.5%, despite fall in inflation rate
BoJ launches unlimited 10-year sovereign bond purchases
Central bank steps in as investors put pressure on yield curve target, despite low inflation
European banks face increased leveraged lending risks, says Enria
SSM chair highlights cyber attacks and climate change as emerging risks to financial stability
Bank of Israel should be ready to tighten policy, says IMF
Fund warns inflation pressures are building, and says BoI should abandon FX purchases
Knot eyes first ECB rate hike in Q4 2022
Dutch governor expects eurozone inflation to remain over 4% for much of 2022
Rosanna Costa named governor of Central Bank of Chile
Outgoing president appoints first woman after Mario Marcel leaves to join government
Lesotho raises rates and increases reserves
Central bank increases policy rate 25bp in bid to defend peg and fight inflation
BoE hikes main rate and begins shrinking balance sheet
UK Treasury unveils parallel measures to cushion impact of surging energy prices
Brazilian central bank continues steep tightening cycle
MPC says it aims to slow pace of rate increases but warns fiscal policy is boosting inflation
Record-high eurozone inflation raises pressure on ECB
HICP increased by 5.1%, well above consensus expectation of 4.4%, as energy prices drive up reading
RBA halts asset purchases
Australian central bank maintains interest rates at 0.1%
Central Bank of Colombia steps up tightening cycle
Full percentage point hike comes as both inflation and growth rebound
Wunsch sceptical on forward guidance
Belgian governor says tool may be effective in a stable environment of below-target inflation
Kazakhstan’s president announces changes to powerful wealth fund
National unrest leads to changes at SWF that owns an estimated 40% of GDP
Wunsch calls for gradual ECB policy tightening
Belgian governor stresses risks posed by prolonged negative rates and QE
BIS paper challenges standard theories of term structure
“Expectation errors”, not term premia, create biased predictions of short-term rate – researchers
Chilean central bank hikes rate more than expected
Central Bank of Chile says inflation and economic activity is rising faster than its forecasts
Pierre Wunsch on inflation, forward guidance and policy tightening
The National Bank of Belgium governor speaks about over-reliance on central bank models and forward guidance, the impact of energy costs and inflation expectations, and the need to unwind unconventional monetary policies
Fed keeps investors guessing on speed and endpoint of tightening
Investors generally agree the Fed will tighten policy, but how much and when are unclear
Chilean governor leaves central bank to become finance minister
Mario Marcel led central bank through period of social unrest and Covid-19 pandemic