Monetary policy
Congo central bank lowers policy rate 200bp
Central African country has now largely reversed rate increase from 2020
Demand for Fed’s reverse repo hits new record
FOMC increases interest rates on RRP deposits by 5bp, spurring new demand
RBA cancels market operations due to outage
Issue at third-party provider impacted central bank and several commercial banks
ECB extends capital relief for largest Eurozone banks
Continued relief on central bank assets will release additional €70 billion in Tier 1 capital, ECB says
Riksbank to revise ethical rules after staff infringements
Employees were involved in equity transactions before monetary policy decisions
Uganda’s central bank cuts rates to historic lows
Uncertainty around the future path of Covid-19 weighs on growth prospects, governor says
Norges Bank signals September rate hike
MPC says economy is rebounding sharply as officials warn of high household debt levels
Brazil’s MPC raises rate and tightens forward guidance
Central bank warns energy crisis and difficulties in restoring supply are boosting inflation
It’s time to smash Iran’s endemic inflation
As Iran goes to the polls, high inflation is still plaguing the economy. Steve Hanke looks at solutions
Powell says US is recovering faster than expected
Majority of FOMC members now expect policy rate hike in 2023, with no decision yet on taper
Monetary policy must be climate-friendly, Bank of Ghana official says
It is ‘paramount’ for central banks to incorporate climate risks into monetary policy, official says
ECB could tilt bond purchases to favour greener companies – Schnabel
But sovereign bond purchases must overcome scarcity of green bonds and limits imposed by capital key
NGFS has ‘momentum’, but faces obstacles – Després
Lack of data and frameworks hamper climate mitigation, says Banque de France official
Former Brazilian governor dies
Carlos Langoni, who led the central bank from 1980 to 1983, fell victim to Covid-19
Multiple expectations test communications
The Reserve Bank of New Zealand’s communications are being tested, and some recent exchanges have been combative, says Mike Hannah
Russian central bank raises policy rate again amid rising pressures
Nabiullina says recovery is surging past central bank’s projections but that inflation will fall
Central banks will need new tools if low rates persist – Rogoff
Governments must clamp down on crypto assets while central banks develop CBDCs, economist says
Lagarde declines to give date for taper
Austrian governor immediately contradicts ECB chief, suggesting divisions on council
Peru holds policy rate amid election battle
Likely winner of presidential election says he “respects autonomy” of central bank
US CPI inflation reaches 5%
Figures follow predictions of “transitory” inflation rises by senior Fed officials
Mexican president names finance minister to head central bank
López Obrador nominates long-term ally after frequent clashes with current governor
Riksbank proposes framework to improve parliamentary scrutiny
One possibility is to create a permanent body to brief the parliamentary finance committee
Ailing Suriname floats its currency
Defaulting country holds debt talks as inflation and corruption take toll
ECB poised to clarify tapering of PEPP purchases
Analysts agree central bank views higher inflation as transitory and will maintain rate of purchases