Monetary policy
Colombian policy reforms boosted transparency, paper finds
Economists say central bank’s 2018-19 overhaul increased transparency based on two indexes
Bill aims to remove Tunisian central bank’s independence
Proposed law would also allow direct monetary financing of Treasury
Egypt holds interest rates
Central bank expects inflation to fall as economy slows
European Central Bank cuts rates by 25bp
“Undershooting target” becomes real threat as markets’ medium-term inflation expectations fall below 2%
Small economies still trigger ‘substantial’ spillovers – IMF paper
New data on monetary policy shocks allows economists to track cross-border impact
UK inflation falls to 1.7%
Surprise drop, driven by falling transport costs, makes additional rate cuts more likely
Policy-makers ‘cannot disregard food price shocks’ – BoE study
Working paper calls on central bankers to pay closer attention to headline inflation when setting rates
Obituary: Tito Mboweni, 1959–2024
Sarb’s first black governor championed inflation targeting with “sharp wit”
Malaysia’s Zeti on the key skills needed to be a successful central banker
The Bank Negara veteran speaks about leadership skills, lessons from the AFC and 1MDB crises, her scepticism of inflation targeting, and how the Asia School of Business' masters synthesises theory with practical realities
Lower risks enable authorities to shift policy – Amro report
Asean+3 research arm says challenges remain on dollar dependency and property markets
Israel holds rates as conflict continues
Central bank revises inflation and growth forecasts
Eurozone policy transmission ‘more pronounced’ in 2022–23 – study
Banks’ increased risk perceptions underpinned swifter pass-through, says Bank of Italy research
Central Bank of Kenya lowers rate by 75bp
Bank says there is scope for further easing following its second cut this year
Reserve Bank of New Zealand cuts policy rate by 50bp
Inflation is converging towards 2%, policy-makers say
ECB will ‘probably’ cut rates in October – BdF governor
Central banks can help fight against political extremism by “restoring trust”, says Villeroy de Galhau
Former governor warns against interference with Bank of Thailand
Tarisa Watanagase urges selection panel to act independently when picking new chairman
Japan’s economy not ready for rate hike, says prime minister
New premier’s remarks add uncertainty to BoJ’s normalisation path
BIS paper explores ‘ChatGPT for central banking’
Language models can analyse sentences but needs more work when it comes to complex content
The Fed can afford to loosen policy
As (nearly) the world’s most hawkish central bank, the Federal Reserve is right to start monetary loosening, writes Steve Kamin
Iceland eases monetary policy by 25bp
MPC cuts rates as CPI inflation excluding housing heads towards target
RBA bars two banks from private briefings after leaks
Incidents raise concerns over practice of holding off-the-record briefings with market participants
Risk management ‘key’ to monetary policy – IMF’s Kammer
Fund’s Europe chief urges central banks to rely less on forecasts when inflation is high
FOMC in no hurry to cut rates, says Powell
September’s loosening reflects growing confidence in soft landing, argues Fed chair
How (not) to review your monetary policy framework
The Fed made some mistakes in its last strategy review. As it prepares to have another go, it could learn from other central banks