Monetary policy
Central banks have limited tools to tackle inequality – Carstens
Inequality is an issue for central bankers, but they cannot solve it on their own, says BIS chief
Fed’s Bostic says economic inclusion goals shape policy
Atlanta Fed president calls for more joint work with CFPB
Turkish central bank again holds rates despite rising prices
CBRT says it will hold policy rate at 19% until it sees significant fall in inflationary pressures
Fed clarifies account access rules for fintech firms
Proposals address growing number of firms seeking access to the central bank’s balance sheet
BoE forecasts 7.25% UK growth in 2021
Bailey warns downside risks to the outlook remain
Brazilian central bank hikes rates as inflation rises
Board says it is likely to announce another rate hike in June but says inflationary shocks are temporary
Ukraine’s MPC minutes show worries over inflation and war
Some MPC members warn NBU may have to continue tightening rates as pressures mount
Armenia central bank raises policy rate 50bp
Inflation forces rate hike, matching moves by other former Soviet republics
Dallas Fed chief wants to talk about tapers
Comments may indicate split at Fed, though FOMC remains committed to asset purchases
Colombia’s central bank revises up growth forecast
Board maintains rates at 1.75%, as IMF says delays in vaccination could hamper recovery
Fed plays down US economic rebound
Powell says economy still “a long way from our goals” as FOMC holds policy steady
BoJ forecasts weaker inflation but stronger growth
Inflation still negative in Japan but likely to inch above zero this year, forecasts suggest
Georgia central bank orders 100bp rate increase
Worsening inflation pushes central bank to raise policy rate to 9.5%
The evolving ‘strategy function’ in central banks
Some institutions participating in a survey of 27 central banks still struggle to fully harness an effective ‘strategy function’, according to the ECB’s Jean-Charles Sevet and Alejandro de la Cuesta
Riksbank maintains stimulus as it revises up growth forecasts
Swedish central bank says a return to negative rates is possible if inflation target is imperilled
Kyrgyz central bank hikes policy rate by 100 basis points
Rising commodity prices and currency worries bring second hike this year
Russian central bank raises rates as inflation climbs
Nabiullina warns that delay would mean that monetary policy would have to become tighter later
IMF praises Chile’s Covid-19 response
Fund warns against new withdrawals from pension system
Fed must clarify future of QE, IMF says
IMF warns that rising longer-term Treasury yields could have major impact
Eurozone’s public debt rose sharply in 2020 – official figures
Public debt in the bloc jumped to 98% of GDP in wake of Covid-19, Eurostat says
Jamaican law increases central bank independence
New act gives rate-setting responsibility to monetary policy committee
ECB makes no change as Lagarde warns of uncertainty
Lagarde says price pressures remain weak and cautions over possible Covid-19 variants
Bank of Canada tapers quantitative easing programme
Despite continuing pandemic, “the outlook has improved”, says Macklem
BoE’s Bailey extols virtues of ‘meeting varied people’
Governor launches new initiative to gather diverse views from market contacts