Monetary policy
Inflation proves worrisome for Sarb MPC
Governor stresses central bank has inflation target range and not a specific point; MPC leaves interest rates on hold
Brazil holds interest rate at record low
Recent indicators of economic recovery point to more gradual pace than envisaged early this year, committee says
Norges Bank hikes for first time since 2011
Rate path slightly lower than before due to weak wage growth and high private debt
Weak policy co-ordination associated with excess liquidity, paper finds
Trinidad and Tobago authorities can improve policy co-ordination, researchers say
Boston Fed economists call for monetary policy evaluations
Effective lower bound and reduced ability to stabilise the economy warrant a rethink of the monetary policy framework, economists say
Hungary prepares to normalise its array of policy instruments
Central bank reshuffles its wide range of unconventional instruments and launches lending facility
What next for the BoJ’s unprecedented ETF experiment?
No other central bank has attempted such purchases, and exiting the policy may prove extremely challenging, says Sayuri Shirai
ECB should enhance forward guidance during normalisation – Cœuré
Executive board member thinks changing economic phase and QE unwinding require more communication
Market power can explain financial market anomalies – BIS paper
Market power of intermediaries can explain behaviour of risk premiums, authors find
Argentina to continue reducing stock of short-term debt
Lebac’s expansion thought to contribute to inflation
Riksbank focused on falling krona, weak inflation and instability – minutes
Executive board said it intends to increase rates by 25 basis points in December or February
Carney says UK prepared for multiple Brexit outcomes
The BoE’s stress tests have become more rigorous amid rising concerns of possible Brexit scenarios
A decade on: Lehman Brothers at the brink
On September 14, 2008, there remained hope that Lehman could be saved and a crisis averted. Events moved rapidly thereafter
Fed adviser sets out new equilibrium rate model
Long-term interest rates are more important for spending decisions, author claims
Bank of Russia becomes latest EM central bank to hike
Central bank cites effects of ruble depreciation as it raises policy rate
Erdoğan takes control of Turkey’s SWF
Fund was created in 2016 and holds assets of key national companies
BoE on hold as forecasts ‘broadly on track’
Future rate hikes likely if economy develops in line with projections
Protectionism main source of uncertainty for global economy – Draghi
ECB keeps rates unchanged and reaffirms QE programme will end in December 2018
Book notes: The other half of macroeconomics, by Richard Koo
Richard Koo questions whether central bank policy can work during a balance sheet recession, writes Graham Bannock
Lira rallies as CBRT hikes main rate
Currency stages modest recovery, as central bank follows through on promised action
World is ‘sleepwalking into next crisis’, says UK’s Gordon Brown
World is ‘sleepwalking into next crisis’, says UK’s Gordon Brown
Brainard sees room for continued tightening over next two years
But some economists expect growth to slow over the coming year
Denmark should avoid fiscal stimulus to preserve balanced recovery – central bank
Government should be ready to tighten public spending to prevent the economy from overheating
BCRA keeps policy rate on hold at 60%
Inflation likely to rise more in the months ahead before improving, committee says