Inflation
US inflation’s last mile ‘could take several years’ – Cleveland Fed
Favourable shocks are necessary to reach 2% quickly, researcher argues
Over 25% of central banks pre-brief government on policy decisions
Briefing patterns differ across institutions, as two central banks start practice
Thai governor clashes with government over inflation target
Sethaput warns of inflation risks amid ongoing dispute with prime minister
UK inflation touches BoE’s target
Alignment with goal expected to be short lived but opens door to rate cuts later in year
US politicians urge Fed to lower interest rates
Democratic senators and congress members say CPI likely to be “grossly overstating” inflation
How the Czech National Bank brought inflation down from 18% to 2% in two years
Governor Aleš Michl on the road to 2% inflation and future profitability
Central bankers warn of US election risks
Danger of tariffs and supply chain disruptions, Central Banking Summer Meetings hear
BoJ hawkishness due to weak yen belies wage inflation concerns
The contrast in Japan-US economic, price and wage performance and their implications for monetary policies
Large central banks usually failed to quash inflation – Fed research
Soft landings are possible with early and parsimonious action, authors find
RBI holds rates as food inflation lingers
Normal monsoon could bring prices down, Indian central bank says
ECB cuts policy rate by 25 basis points
Strong eurozone wage growth rules out commitment to further cuts, says governing council
Bank of Canada reduces rates by 25bp
Macklem says runway for a soft landing is in sight and policy is working
Lessons from the banking turmoil of 2023
Guardrails on capital, liquidity, deposit insurance, resolution, digitalisation and disintermediation need a rethink
How Argentina’s financial tango could become a dance of death
Central bank and government’s unholy alliance is storing up further trouble for economy
Lkhagvasuren Byadran on geopolitics, gold and 100 years of central banking on the steppe
Bank of Mongolia governor Lkhagvasuren Byadran speaks about monetary and financial reform, embracing AI and fintech, and Mongolia’s new SWF
Turkish inflation reaches 75% in May
Finance minister says ‘worst is over’ but one estimate says official figures are too low
Book notes: Balance of power: central banks and the fate of democracies, by Éric Monnet and translated by Steven Rendall
This short book offers partial insights, but ultimately underwhelms
Bank of Mexico lowers GDP growth estimate
Slow economic activity from last year continues into the first quarter
Sri Lanka keeps interest rates flat
Country introduces new governance reforms to state-owned banks
Bank of Canada conducts large-scale survey of indigenous-owned firms
Indigenous firms have higher inflation expectations and use alternative funding sources
Israel holds policy rate
Move comes despite higher inflation expectations