Monetary policy
Bank of Korea raises policy rate to 14-year high
Two central bank board members voted to hold the rate steady
Peru raises rates for 18th consecutive month
Inflation remains stubbornly high, but central bank is optimistic it will fall in 2023
US CPI inflation falls again
Falling fuel prices drive down index for sixth straight month
Egyptian currency plunges amid move to flexible exchange rate
“Heavily managed” exchange rate “has not served Egypt well”, says IMF mission chief
BSP governor signals smaller rate hike likely next month
Governor Felipe Medalla says pressure from US monetary policy has declined
Romania may be at end of tightening cycle
Inflation resumed upward march in November, but major bank says cycle has ended
Argentina activates Chinese swap lines
Central bank says move will boost reserves but observer says it is unlikely to strengthen peso
New Bank of Tanzania governor appointed
Emmanuel Tutuba replaces Florens Luoga, whose term had ended
Missed inflation target has ‘sizeable’ fiscal impact – paper
Persistent undershooting by ECB caused problems for countries with long-duration debt, authors say
Mexican government nominates new Banxico board member
Previous member Esquivel played dovish role on rate-setting body
Bank of Japan to raise inflation forecasts, reports say
Central bank said to be likely to project nearly 2% annual inflation for 2024
Tunisian governor warns country needs IMF deal after latest hike
Country faces rising inflation as foreign exchange dwindles and political crisis continues
Israel raises rates to highest level since 2008
Governor warns new government that markets expect fiscal responsibility
Paper explores development and monetary policy transmission
Financial development only improves transmission to some rates, Colombian researchers find
Syria devalues currency
Black market still trading at substantially weaker rate
Rates round-up: Turkey pauses rate cuts
Egypt hikes main rate 300bp after IMF deal; Indonesia decelerates tightening; and more
Italian prime minister says ECB policies are ‘making things worse’
Government ministers warn of difficulties for Italian sovereign bonds
Iran appoints new governor amid protests and plummeting rial
Farzin becomes fourth head of central bank in less than two years
The strong dollar, global inflation and global recession
Steve Kamin asks whether the Fed’s tight policy is pushing the world towards recession
It is time to reorganise the Bank of England
Recent crises have shown the BoE’s management structure to be outdated, says William Allen
IMF backs $3.1 billion loan for Egypt
Conditions include locking in the floating exchange rate
PBoC keeps lending rates unchanged
Analysts expect central bank to cut key lending rates in coming months to support property sector
European rates: Norway expects more tightening next year
Switzerland raises rates 50bp and Denmark raises rates in line with ECB