Monetary policy
BoE’s MPC statements not sufficiently ‘collective’, says Bean
Former deputy governor laments ‘excessive and potentially confusing emphasis on individual views’
Pakistan holds as inflation remains well above target
MPC reiterates need for fiscal reforms to support growth
Bank of Italy used balance sheet as monetary policy tool – study
Bank’s senior economist finds approach proved effective throughout the 20th century
Bullock questions whether RBA has tightened enough
Governor says Australia’s economy is cooling, but more hikes will come if they are deemed necessary
Slovak governor calls for further ECB rate hike in September
Kažimír says bank needs to pre-emptively tackle further inflationary effects of energy shock
Milei claims central bank reform will end 91 years of ‘looting’
Argentinian president’s proposals include core mandate on inflation and ban on monetary financing
MAS tightens ‘very slightly’, saying it will cap inflation
Unexpected move marks central bank’s second consecutive tightening decision
Implications of the 2026 Middle East war
Gavin Bingham, Paul Fisher and Andrew Large detail the monetary policy, financial stability and international co-operation challenges for central banks
Paraguay holds rates while Costa Rica cuts by quarter point
Both central banks face below-target inflation despite global energy price shock
Kazakhstan makes surprise 25bp rate cut
Analyst says central bank is trying to signal that disinflationary measures are working
South Africa surprises by holding at 7%
MPC split over how to tackle high inflation and weak growth
Ghana holds rates for second time this year
‘Vigilance is the word’ amid heightened geopolitical tensions, says governor
Most Australians think higher rates cause inflation – RBA poll
Bank says widespread popular misconceptions illustrate need for improved communications
Renewed Middle East hostilities prompt Nigeria to hold
Central bank keeps rates at 26.5%, despite moderating inflation
Argentina should borrow from international markets – Obstfeld
Economist calls for transition to floating exchange rate with inflation targeting
Hungary continues easing cycle with 25bp cut
Central bank says further rate cuts likely, despite inflationary impact of Iran war
FX controls have minimal impact on stablecoin dollarisation – study
BIS working paper argues that growing use of crypto assets presents policy challenges for EDMEs
Geopolitical risks cause eurozone banks to tighten credit
ECB’s quarterly survey shows lenders alert to continued instability resulting from Iran war
China leaves LPRs on hold for 14th consecutive month
Decision in keeping with ‘moderately loose’ policy stance repeatedly outlined by PBoC officials
Everything you always wanted to know about money (but were afraid to ask)
Rupal Patel and Jack Leslie, authors of ‘Money: the inside story’, speak about how central banks can improve their comms – and credibility – by tackling popular misconceptions about how finance works
Shocks greater when inflation already high – BoE study
Bank publishes latest response to Bernanke review of UK monetary policy-making
Nine out of 10 Japanese people see prices rising
BoJ survey shows around half of respondents expect economic slowdown in a year’s time
BoE’s scenarios are best way forward, say ex-MPC members
Former UK policy-makers say forecasting approach is suited to today’s highly uncertain times
Canada holds rates for sixth time as growth outlook improves
Governor’s remarks removed explicit reference to future cuts or hikes