Negative rates
BoJ’s Himino highlights benefits of ending negative rates
Deputy governor says there has been "solid progress" in firms’ price and wage-setting behaviour
BoJ’s Ueda sees hope of achieving inflation target
Japanese firms are more willing to raise wages and prices but uncertainties remain, governor says
SNB cuts interest payments amid losses
Swiss central bank lost over Sfr12 billion in Q3
BoJ scraps rigid bond yield cap
Central bank further loosens YCC, ends daily bond buys and raises inflation forecasts
UK researchers propose 3% inflation target and negative rates
Inflation stalls at 6.7% in September, the same figure as in August
Bank of Japan steps up bond purchases
Central bank faces pressure to raise rates as yields on 10-year government bonds rise
BoJ keeps negative rates unchanged
Ueda says more time is needed to assess whether rising wages are supporting inflation
Ueda says BoJ could end negative rates soon
Governor says it is “not impossible” that data will be strong enough by end of this year
Lifetime achievement: Stefan Ingves
Modest man from the Finnish ‘boonies’ has had a major impact on international central banking
Stefan Ingves on leadership, prudential oversight and transparency
Riksbank veteran talks about Basel III, policy lessons and CBDCs
Nominal interest rates strongly affect savings – ECB paper
Simple models based on real rates do not accord with eurozone data, researchers find
ECB will not consider QT until rates back to normal – Lagarde
Central bank holds close to €5 trillion in eurozone securities, over €4.2 trillion in public assets
SNB abandons negative rates
Jordan says Swiss central bank’s use of negative rates was effective
Denmark raises rates to maintain euro peg
National Bank of Denmark increases rates by 50bp as inflation rises to highest level since 1983
ECB surprises markets with a 50bp rate hike
Central bank unveils new instrument to prevent sharp increases in sovereign bond spreads
ECB readies first hike since 2011 as it faces policy ‘trilemma’
Central bank forced to choose among price stability, fragmentation risk and market functioning
Riksbank was right to use negative rates, say former central bankers
As ECB loosened policy, Swedish central bank lacked any credible alternative, Flug and Honohan conclude
Lagarde says ECB likely to abandon negative rates in September
Central bank would need to confirm end to asset purchases in June, and hike in July and September
2021: The year in review
Central Banking looks back at the stories that made the biggest impact in 2021
Has the SNB accepted a stronger franc?
Swiss central bank reduces FX interventions as currency breaks 1.05 ceiling against the euro
Lane makes case that inflation surge is transitory
ECB chief economist stresses weak mid-term inflation dynamics in the eurozone
German tabloids ramp up personal attacks on Lagarde
ECB board member Isabel Schnabel says “inciting hatred” is “unacceptable”
Is the ECB policy framework suited to tackling higher inflation?
Officials and academics reflect on the two monetary regimes the central bank has faced since its creation
Too great expectations from the ECB’s strategy review
The review process represents operational best practice, but will fail to unify the Governing Council