Monetary aggregates
Bangladesh Bank reforms MPC
Move is part of IMF-promoted reforms as Bangladesh adopts interest-rate targeting
BoE’s Broadbent denies money supply is driving inflation
Deputy governor says M4 growth neither driven by QE or particularly linked to inflation
Bank of Canada paper tests ‘inflation tax’ in lab experiment
Experimental design could be used to test other aspects of monetary policy, researchers say
‘Neglect’ of money growth may have harmed forecasts – paper
Study finds forecasters make larger errors when money growth is highest
New Bank of Tanzania governor appointed
Emmanuel Tutuba replaces Florens Luoga, whose term had ended
Chile’s Costa on tackling inflation, forex interventions and nowcasting
The Central Bank of Chile governor speaks about stubbornly high prices, Fed policy spillovers, reserve buffers, retail CBDC and the need to address unconscious bias
Argentine central bank debt poses major risks, analyst says
Moody’s analyst says central bank faces macroeconomic crisis as short-term debt rises
Four African central banks take policy decisions
Morocco and BEAC increase rates and Tanzania reduces liquidity while Angola cuts policy rate
Is money growth really the main inflation culprit?
Jakob de Haan and Jan-Egbert Sturm take a closer look at inflation in the eurozone and Switzerland
Zimbabwe officials considering currency board
MPC member says arrangement would require $700 million in reserves
The case for restoring the role of monetary aggregates
Tim Congdon argues that a surge in money supply in response to Covid-19 sparked heightened inflation and central banks need to refocus their attention on monetary aggregates
Madagascar raises rates 90bp
Central bank expects economy to grow but speaks of troubling global conditions
Nepal hikes rates and constricts credit
Himalayan country confronts rising inflation and strained reserves
Bangladesh Bank orders second rate hike
Central bank publishes monetary policy for 2022–23
Bangladesh appoints senior civil servant as central bank governor
Abdur Rouf Talukder will take office in July
Zimbabwe freezes all bank lending
President announces controls on money creation to stem decline of currency
Romanian and Zimbabwean central banks raise rates
Zimbabwean figures say inflation has reached 72% but observers say this may be an underestimate
Moldova hikes another 200bp as inflation spirals
Central bank has raised rates nearly 10 percentage points, but inflation is surging towards 20%
Kyrgyz central bank raises rates 150 basis points
Central bank cites “geopolitical risks”, though high inflation was problem long before war
South Sudan central bank announces sharp fall in inflation rate
IMF credits exchange rate reforms with taming prices, while central bank cuts interest rates
Guinea junta replaces central bank leadership
Military president removes governor chosen by his civilian predecessor