News/Monetary Policy
BoJ loosens yield curve control, raises inflation forecasts
Ueda says Japanese central bank has been underestimating inflationary pressures
ECB raises rates again but Lagarde says pause is possible
Eurozone banks to receive zero interest on minimum reserves
Costa Rica cuts rates again as inflation turns negative
Strong currency and base effects contribute to unusual readings, central bank board says
Fed raises interest rates again after June pause
Powell says FOMC may increase rates again as it faces risks of both inflation and downturn
Bank Indonesia holds again as inflation falls to target level
Governor says central bank is focused on keeping the rupiah stable
Ghana raises rates as inflation rises again
Central bank says reserves are higher and monetary financing has ended as IMF deal requires
ECB approaching end of tightening cycle, analysts say
Divisions on governing council are creating communications challenge
Turkish central bank raises rates by less than expected
MPC increases rates by 250 basis points but analysts had expected much larger rise
Stronger US dollar hits emerging countries more, says IMF
Credible monetary policy frameworks are key to cushion external shocks, report argues
Russian central bank raises rates and warns of more to come
Nabiullina says inflationary pressures are rising and warns of effects of bigger fiscal deficit
Sarb pauses rate rises in split decision
MPC votes 3–2 to hold rates at 8.25% after inflation falls within target range
Nagel calls on German government to tighten fiscal stance
Public spending needs to fall to lower inflation, says Bundesbank president
Brazilian central bank denies censoring board members
Dispute highlights possible political divisions as president Lula appoints officials
PBoC steps up support for yuan
Chinese central bank eases limit on firms’ overseas borrowing and keeps key rates unchanged
ECB needs to maintain tight policy, says IMF
Policy rates, rather than quantitative tightening, should be main tool, IMF directors say
IMF grants Burundi $271 million loan
Burundi must liberalise currency regime, end central bank financing and tighten policy
BoJ announces details of monetary policy review
Central bank plans to engage with experts, business leaders and public over policy framework
PBoC holds key rate amid lacklustre GDP growth
Chinese economy grew 6.3% in second quarter, missing expectations by a full percentage point
Bank of Canada raises rates despite falling inflation
Governor warns progress towards price stability “could stall”
ECB’s monetary policy is taking effect rapidly, says Lane
But chief economist warns tighter financing conditions could cause eurozone contraction
South Korea’s central bank holds rates steady again
Governor says board agreed restrictive policy should continue for a considerable time
Weak krona increases inflation risk – Riksbank minutes
Board members agree inflation remains too high and policy needs to be tighter
Some Fed officials wanted to raise rates in June, minutes show
‘Almost all’ FOMC participants expect to increase the target interest rate this year
Uruguay cuts 50bp as inflation falls
Headline and core readings are lowest for several years, as officials predict slight GDP decline