Monetary policy
RBA governor says conflict may require monetary policy response
Bullock says board considering potential supply shocks amid already high levels of inflation
R* has increased globally since pandemic – NY Fed research
Higher neutral rates show government bonds might not be as liquid and safe as before, economists say
People: Braddick to take charge at UK’s prudential watchdog
Plus: BoE also appoints first executive director for monetary policy
Ueda hints at further rate hikes after dovish BoJ appointments
Analysts expect board’s stance to change little after PM nominates two new policy-makers
South Korea holds policy and ups growth forecast
Bank debuts six-month forward guidance framework following expected rate stay
Monetary dominance depends on comparative advantage – paper
Money that is ‘too good’ as a store of value may not circulate, authors say
RBA did not lose focus on inflation, says deputy governor
Hauser says last year’s cuts were based on assumption that price levels in Australia would be lower
Monetary policy in Asia since the pandemic
Asean+3 nations must plan to tackle ‘disturbance’, ‘structural’ and ‘radical’ uncertainty using a disciplined policy mix to preserve price stability amid global shocks, writes Dong He
Hungary eases policy for first time since September 2024
Governor insists central bank is ‘not starting a rate cutting cycle’
Jamaica cuts rates as outlook for inflation improves
Figure expected to return to target by December, central bank says
Philippines may not reach digital payments goal, says governor
Rate cuts will have limited impact on growth, despite BSP having ample policy space, says Remolona
Banxico minutes signal potential resumption of rate-cutting cycle
One-off hit of tax rises and tariffs could see rates cut in March
Bank Indonesia holds rates again to defend currency
Weak rupiah to delay rate cuts as ratings downgrade weighs on investor appetite, analyst says
Dallas Fed researcher cautions against expansionary policy
Study of US in the 1970s says oil shocks were not primary driver of inflation
FOMC minutes show sharp division in projections
Some members argue rates may need to be raised while others make case for easing
RBNZ holds rates at 2.25% in new governor’s first meeting
Analysts expect central bank to maintain accommodative policy for some time
Russia has limited room for manoeuvre on policy – experts
Rate cut reflects nervousness rather than confidence about inflation and growth trajectory, say analysts
QT ‘crucial’ if ECB is to tackle future crises, says Nagel
Bundesbank president says dollarisation by way of stablecoins could weaken European sovereignty
Egypt cuts rates by 100bp and lowers reserve requirements
Central bank continues to reverse tight monetary policy stance as inflation gradually declines
Russia eases by 50bp despite inflation risk
Central bank says pro-inflationary threats are still greater than disinflationary ones
BSP to use satellite imagery to aid policy-making
Philippines central bank partners with space agency to help identify climate-vulnerable communities
RBNZ welcomes external probe into Covid-era monetary policy
Finance minister says bank’s easing and asset purchases caused ‘decades-high inflation’
Brunei to focus on Islamic and sustainable finance
Central bank says it has no plans to introduce a CBDC or stablecoin regulations
Models need rethink due to effect of global shocks – paper
Central banks can no longer assume shocks are ‘temporary, linear and symmetric’, authors say