Monetary policy
Turkey increases reserve requirements on forex deposits
Authorities aim to discourage citizens from transferring their assets into other currencies, weakening the lira
Jordan cuts rates for first time in four years
Central bank stresses country’s struggle with low inflation
Mexican president pressures central bank to focus on growth
Bank of Mexico should cut interest rates “to kickstart the economy”, says Andrés Manuel López Obrador
Four Gulf states cut rates following Fed decision
Bahrain, Qatar, Saudi Arabia and UAE have currencies pegged to US dollar
Dominican Republic’s central bank cuts rates again
Caribbean nation’s central bank cuts rates as inflation continues to fall well below target range
Carney issues sharp warning over Brexit
MPC says future inflation path is unclear as governor says uncertainty is damaging economy
Bank of Israel unlikely to raise rates in the near future, says governor
Israel sees monthly inflation drop below target range
Trump says Powell ‘let us down’
US president calls for looser policy and criticises Fed as Powell gives no clues on future path
Brazil’s central bank cuts rates to lowest level on record
MPC cites “benign” global outlook and low inflationary pressures, but calls for more reforms
BoJ ‘will not hesitate’ to ease further if risks crystallise
Central bank adopts dovish outlook, amid “significant” risks to economic activity and prices
The tricky business of electing a new IMF managing director
New leadership will face overrepresentation of advanced economies and possibility of dwindling resources
Proposal to axe Phillips curve triggers controversy
“One cannot just ignore an equation,” retorts Olivier Blanchard
Angola follows African trend of holding rates in surprise decision
Nigeria, Kenya, Egypt and Ghana have all held rates this month
Bank of Russia cuts rates and warns of slowing growth
Central bank says further cuts possible as it warns of falling exports and weak investment
Fed researchers gauge tightening from balance sheet normalisation
Tightening is ‘modest’ compared to accommodation provided by asset purchases, researchers find
Do stablecoins like libra differ from other crypto assets?
Sayuri Shirai assesses the implications of stablecoins for stability, monetary policy and regulation
BIS paper highlights new channel for Mundellian ‘dilemma’
Authors weigh financial channel as explanation for why trilemma has become dilemma
Turkish central bank makes largest-ever rate cut
Unprecedented 425bp cut will raise independence fears following governor’s dismissal
South Africa’s broad inflation target range ‘a mistake’, says Kganyago
Sarb governor complains that ownership debate is damaging country’s economy
Paraguay central bank cuts rates on weak growth and inflation
Trade tensions and looser policies in advanced economies open opportunity to stimulate economy
IMF calls on Brazilian legislators to pass central bank independence law
Staff welcomes new law blocking central bank transfers to the Treasury from reserves revaluations
Central Bank of Nigeria holds rates and pushes for lending boost
CBN governor also announces new protectionist policy
Fed’s floor could be ‘junked’ if credit surges – Goodhart
Credit demand and plentiful liquidity could be potent inflationary mix, Charles Goodhart says
Bank of Israel willing to hike rates in 2019 – minutes
Monetary committee left rates unchanged at 0.25% on July 8 due to global economic uncertainty