Monetary policy
Book notes: The London Consensus, by Tim Besley, Irene Bucelli and Andrés Velasco
The authors set out guidelines to address shortcomings linked to the Washington consensus, but implementation will be a challenge
‘Green’ banks face lower repo rates – ECB study
Researchers say climate transition risk has implications for financial stability and policy transmission
BoJ balance sheet shows policy normalisation progressing
Analyst says corporate debt sales proceeding, but equities selloff to take over a century at current pace
Israel cuts rates by 25 basis points
Central bank’s updated forecast points to higher growth in 2026 than was previously predicted
BoT details efforts to curb gold-related FX volatility
Financial institutions given new timeframe to verify gold transactions, with further measures planned
Winds of change 2026: managing opportunities
Shifts in monetary and fiscal policy are reshaping fixed income markets
Winds of change 2026: managing opportunities
Shifts in monetary and fiscal policy are reshaping fixed income markets
2025: The year in central banking
A look back at the biggest and most popular stories of the year
Scenario analysis difficult to get right, say BoE watchers
Economists welcome attempt to convey uncertainty but criticise aspects of central bank’s reforms
People: Lepushynskyi named NBU deputy
Plus: Grym gets new BoF role and Finma appoints insurance head
Russia makes 50bp cut, citing falling inflation
Central bank says pro-inflationary risks are still greater than disinflationary ones
Book notes: Money in crisis, by Ignazio Angeloni and Daniel Gros
This book should be essential reading for policy-makers at a time of uncertainty and technological change
National central banks hold rates across Europe
Albania, Czech Republic, Hungary, Norway and Sweden all leave policy unchanged
European Central Bank holds rates
Updated forecast includes higher inflation and growth figures
BoE cuts rates by 25bp in another knife-edge decision
Doves see cold labour market while hawks fear ‘structural changes’ in wage-setting behaviour
Indonesia holds as Thailand eases policy
Economists predict both countries’ central banks will aim for looser liquidity in 2026
Serbia vows to ‘prevent unjustified pressure’ on FX market
Central bank says it will fight for stability as crisis prompts citizens to swap dinars for euros
Richard Doornbosch on central banking in a tempestuous climate
The president of the Central Bank of Curaçao and Sint Maarten speaks to Christopher Jeffery about addressing legacy financial scandals, transition to a Caribbean guilder, tapping gold holdings and managing a currency peg at a time of US policy uncertainty
Hawkish RBA comments wrong-foot Aussie dollar rates traders
Governor Bullock’s unexpected rate hike talk led to stop-outs and losses
China to continue ‘moderately loose’ monetary policy in 2026
PBoC plans to work with other agencies in effort to boost consumption
Ueda may feel he is behind the curve – ex-BoJ official
Hayakawa points to inflation risks from high public spending and predicts up to four more hikes by 2027
Swiss central bank keeps rates at zero
SNB says developments in global economy still pose ‘main risk’ to domestic economic outlook
BSP eases policy and indicates further cuts will be limited
Governor says decision will boost Philippines’ economy amid ‘painful’ governance issues