Macroeconomics
Geopolitics and cyber security remain top systemic risks – BoE
Respondents less worried about UK stability, but international tensions a growing concern
People’s Bank of China cuts medium-term lending rate
Reduction comes a day after PBoC unleashes slew of economic stimulus measures
NBER paper seeks ‘canonical Hank model’
Early attempts at heterogeneous agent modelling led to implausible results, authors say
PBoC unveils major stimulus package
Central bank cuts key rate and reserve requirements, boosts support for property and stock markets
China announces 10bp cut in short-term interest rate
Decision comes days after central bank left benchmark rates unchanged
Philippines central bank cuts reserve requirement ratios
Move follows rate cut in August
PBoC keeps benchmark rates unchanged
Bank holds one- and five-year loan prime rates, despite weak economic data
Bank of Japan holds policy rate
Decision comes as core inflation accelerates for fourth consecutive month
Hong Kong raises rate and Taiwan holds
Decisions come a day after Fed’s 50bp rate cut
FOMC initiates rate cutting with 50bp reduction
Experts say Fed’s credibility is not on the line, but Powell remains under significant pressure
BoT governor calls for new growth model for Thailand
Sethaput advocates stronger focus on local development and quality of life
Central banks should examine demographics – Finnish governor
Rehn says sharp decrease in hours worked and increased immigration may not continue
Covid led to shift in cross-border payment flows – Brazilian study
Pandemic resulted in changes across sectors, instruments and types of economy
Timor-Leste to set up central bank institute with IFC
Project aims to strengthen capabilities in financial services and private sector more broadly
Bailey highlights key challenges to central banking orthodoxy
BoE governor says focus on financial stability remains key during “Covid-Ukraine era”
Bank of Korea holds policy rate
MPC members open to cutting rates in next three months, despite concerns over rising home prices
US and China bolster collaboration on financial stability
PBoC and Treasury strengthen communication channels for managing periods of stress
Medium-term US inflation expectations hit record low
However, expert says infrastructure projects could push prices to higher-than-expected levels
New Zealand cuts policy rate for first time in four years
RBNZ cites easing inflation and weakening economic activity
EMEs’ rising reserves increase global volatility – NBER study
Emerging economies’ accumulation of foreign assets has depressed global interest rate
Grocery inflation caused by wages and raw goods prices – Fed study
Research comes as FTC launches inquiry into alleged price gouging by US retailers