Monetary policy
Fed holds rates as experts sound alarm over stagflation
FOMC says risks have risen on both the employment and inflation sides of its mandate
Czech National Bank reduces rates by 25 basis points
CNB makes “very cautious” move amid domestic economic recovery and international uncertainty
Georgia and Armenia hold rates
Central banks in both Caucasus nations point to risks of inflation resulting from US tariffs
Pakistan cuts rates to 11%
Central bank expects inflation to rise to 5–7% target level over coming months
Time to worry about Japanese debt?
The transition to positive rates means Japan may need to re-examine its huge public debt burden, argues Sayuri Shirai
Target inflation traditionally, G30 tells Fed
Working group says its proposed changes to Fed framework might prevent repeat of 2023 banking crisis
Yen rates losses from tariff drama top $1 billion
Losses came from forced unwinds of bets on BoJ rate rises
Rate hikes and financial stability can coexist – IMF panel
Policy-makers can ease lenders’ stress with short-term liquidity when tightening policy, say speakers
Ethiopian governor hails benefits of central bank reforms
Mihretu tells IMF Spring Meetings inflation is now projected to fall to 10% in 2025-26
Nasdaq Calypso: central bank reserve and monetary policy management
A complete and modern solution to conducting reserve management and monetary policy on a single automated platform
ECB makes quarter point cut amid ‘exceptional uncertainty’
Lagarde says anyone who thinks world is “shock-free” needs “their head examined”
Turkey reverses easing cycle by raising policy rate to 46%
Central bank makes further attempt to calm markets following opposition leader’s arrest
Namibia holds policy rate at 6.75%
Central bank points to uncertainty caused by disruption to global trade
Fed ‘absolutely’ prepared to stabilise markets, says Collins
Head of Boston Fed says bank ready to deploy tools as and when they are needed
Governance Benchmarks 2025 – executive summary
Data shows strong independence with threats in some areas, and sheds light on staffing, mandates and more
Policy should respond to long-run expectations – Fed study
Such a framework would enhance price stability, paper argues
Central bank independence helps price stability – ECB paper
Research shows that greater autonomy means more policy discipline and enhanced credibility
Reserve Bank of India cuts benchmark rate to 6%
RBI hails fall in food inflation, but revises growth forecast down because of US tariffs
Kenya cuts benchmark rate to 10%
Central bank says easing necessary to boost lending to private sector and stimulate growth
New Zealand makes rate cut in response to tariffs
RBNZ eases policy by 25bp and points to trade war’s downside risks to growth
RBNZ extends acting governor’s term
Christian Hawkesby to remain in place for six months while board looks for permanent governor
‘Declaring war on the world economy’: economists react to Trump tariffs
Early estimates point to stagflation in US, as tariffs hit highest level since early 20th century
Do Trump/Doge materially threaten the Federal Reserve?
Experts weigh in on the danger levels for the US central bank, including whether it is overstaffed
Nabiullina: still Putin’s most effective general
Even Russia’s enemies say its central bank governor has played a bad hand well. But for how much longer?