Quantitative easing
BoE to start greening its corporate bond holdings
Central bank will use new climate-focused methodology to rebalance portfolio later this month
Fed pulls trigger on taper
Fed begins phasing out QE at initial rate of $15 billion per month
Time to stop handing out the pills: the great QE detox
We are facing a serious inflation threat that will test the resolve of central bankers, writes Jagjit Chadha. Central banks must reduce their reliance on QE. But how?
RBA drops yield curve control
Lowe acknowledges messy market conditions after yields broke free late last week
Riksbank studies link between equity prices and interest rates
Measures that do not directly account for interest rates can better explain historical prices
Eurozone inflation expected to hit 4.1% in October
Figure would be joint highest reading since the single currency was introduced
Lagarde acknowledges high inflation pressures
ECB keeps stimulus unchanged and insists inflation will decline during 2022
Approaching green central bank balance sheets
Climate-friendly balance sheets come at a ‘greenium’, panellists argue at a roundtable at Central Banking’s Summer Meetings, in collaboration with Invesco.
Nordic central banks stress limits to tackling climate change
Central banks face challenges in greening reserves management and monetary policy
Bank of Canada ends QE
Inflation proving “stronger and more persistent than expected”
Fed ethics officials warned against trades
March 2020 advice cautioned against stock transactions in following months
Weidmann to step down as Bundesbank president
After over 10 years leading the German central bank, Weidmann will leave for “personal reasons”
Unemployment falls across North America
US recovery is weaker than expected, while Canada reaches pre-pandemic jobs levels
Some ECB rate-setters concerned over inflation
Minutes show certain governing council members called for sharper cut in asset purchases
Bank of Israel again holds rate steady
But MPC signals it is ready to end QE programme if economic recovery continues
Fed asks watchdog to review controversial trading
Move follows resignation of Boston and Dallas heads, as Warren asks for SEC probe
BoE report sheds light on Covid market operations
Surge in scale and frequency of operations amid switch to work from home created “issues”
PBoC governor says China does not need QE
Yi Gang says China has space to carry on with conventional monetary policy
Larry Summers on stagflation risks, lessons from Delphi and never-ending ‘punch’
The former US Treasury secretary speaks about fiscal ‘overexpansion’, Fed/Treasury debt discord, the pitfalls of ‘unknown unknowns’ and central bankers ‘unable’ to remove the ‘punchbowl’
US PCE inflation rises to 4.3%
Fed’s preferred rate reaches new high in August, but “trimmed” measure steady at 2%
Emerging European countries’ asset purchases worked – IMF paper
Emerging market central banks in Europe bought assets without triggering instability, authors find
Brainard cites Delta in dovish speech
Fed governor warns “employment is still a bit short of the mark” for taper
Dallas Fed president resigns, following Boston’s Rosengren
Both faced criticism for equities trading and holdings, but are not unique among Fed leaders
FOMC doubles ceiling for reverse repo bids
Participating institutions can now borrow up to $160 billion per bid