Unemployment
Costa Rica cuts rates for fourth time since March
Central bank adds to wave of more accommodative policy stances around the world
Brazil expected to cut rates to new record low
Below-target inflation gives central bank space to boost weak growth, analysts say
San Fran Fed president ‘biased’ towards a hot economy
Gains from a hot economy disproportionately flow to disadvantaged groups, Daly says
Eurozone inflation to remain at 1% in August – official data
Below-target inflation may support loosening announcement by ECB on September 12
Overcoming deflation: Japan’s experience and challenges ahead
Bank of Japan governor Haruhiko Kuroda explains how Japan’s long battle against deflation may offer insights for the future conduct of monetary policy at other central banks
San Fran Fed’s Daly plays down recession fears
But there are still problems in labour market, president says in online Q&A
Mark Carney on joined-up policy-making, forward guidance and Brexit
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail and use of CCyBs, highlights challenges of an asymmetric monetary system, hits out at cumbersome payments and warns Facebook’s libra cannot ‘learn as…
Institutional approaches are key factor in mortgage defaults – BoE paper
European countries show major differences in mortgage default factors, researchers find
Proposal to axe Phillips curve triggers controversy
“One cannot just ignore an equation,” retorts Olivier Blanchard
Bank of Israel willing to hike rates in 2019 – minutes
Monetary committee left rates unchanged at 0.25% on July 8 due to global economic uncertainty
Chile’s central bank holds rate, but signals future cut
Rate-setters point to below-target inflation as main reason for future easing measures
Reforms have cut Latin American unemployment – IMF paper
But informal employment and inequality remain high, researcher says
Local policy impact can be dispersed in currency unions – Bank of Spain research
Study analyses effect of large post-crisis fiscal stimulus implemented in Spain
Australian central bank may cut rates again – governor
Looser policy may be needed to lower unemployment and boost income, Philip Lowe says
Construction trends can predict yield curve inversions – St Louis Fed
Housebuilding expectations should be considered when forecasting economic activity, researchers say
RBA signals new rate cut ‘more likely than not’
Labour market will be key factor in any future easing of monetary policy
NY Fed researchers develop new natural rate of unemployment measure
Estimate is 50–60 basis points lower than other mainstream estimates
RBA flags regional risks from green energy transition
Fossil fuel exporters likely to face negative impact without benefiting from new sources of energy
Bullard says Fed may need to cut rates ‘soon’
Market-implied probability of a cut in September now above 80%
US labour force participation driven by fewer outflows – San Fran Fed researcher
Hot economy could be making workers less likely to leave labour force, Regis Barnichon says
Bank of Spain calls for reform of pensions system
Governor sees need for national consensus to secure sustainability of current system
South African MPC narrowly votes to hold rates
Sarb cuts projected growth rates and expects looser monetary policy
Costa Rica cuts rates further following March reversal
Central bank concerned about downside inflation risks and slow economic activity
Minneapolis Fed president calls on Fed to ‘re-tool’ labour market analysis
Wages are a better means of estimating labour market slack, Kashkari says