Inflation targeting
NBU plots path out of war economy
Ukrainian central bank turns to monetary financing as government struggles to pay for war
BCB union suspends strike for two weeks
Brazil central bank workers reject 5% pay offer and will continue some labour protests
Two Latin American central banks raise rates
Colombia’s two MPC dissenters call for steeper hikes; Dominican Republic raises rates 50bp
Romanian and Zimbabwean central banks raise rates
Zimbabwean figures say inflation has reached 72% but observers say this may be an underestimate
Lifetime achievement: Stanley Fischer
Fischer has had a profound impact on monetary economics and central banking during his prolific career
Central banks ‘behind the curve’ on inflation, warns Goodhart
Charles Goodhart says stagflation is the most likely outcome in the coming years
Albania orders first rate hike in 11 years
Increase of 50 basis points returns policy rate to pre-Covid level
Argentina orders 200bp rate increase, to 44.5%
Tighter monetary policy is in line with IMF deal, while neighbour Paraguay makes 50bp hike
Korean president names new central bank governor
Rhee Chang-yong is currently IMF Asia-Pacific director
Moldova hikes another 200bp as inflation spirals
Central bank has raised rates nearly 10 percentage points, but inflation is surging towards 20%
Azerbaijan continues gradual tightening
Central bank adds 25bp at March meeting, for a total of 150bp in hikes since September
Egypt hikes rates at unscheduled meeting
Central bank orders 100bp increase on March 21, the first rise since July 2017
Bank of Ghana orders 250bp hike
Central bank moves meeting a week earlier to combat high inflation and a weak currency
Uzbekistan central bank orders 300bp rate increase
Board refers to “high uncertainties and tensions in the external economic environment”
IMF urges Peru to tighten monetary policy
Fund also says FX intervention may be needed short term
Bank of Canada governor says rate increase ‘was first step’
Macklem says he expects inflation to fall in second half and expectations remain anchored
Powell says he expects March rate hike
Fed chair says FOMC is discussing agreement on shrinking balance sheet
Kyrgyz central bank raises rates 150 basis points
Central bank cites “geopolitical risks”, though high inflation was problem long before war
Paraguay continues slower tightening as inflation rebounds
MPC orders second 25bp hike, after 450bp in increases in late 2021
Diego Labat on policy normalisation, capital flows and tech challenges
The Central Bank of Uruguay governor speaks with Christopher Jeffery and Ben Margulies about governance, financialisation, flexible rates versus capital controls, payment upgrades and CBDCs
Rwanda raises benchmark rate 50bp
MPC statement warns of expected spike in inflation in 2022
Uruguay continues programme of interest rate hikes
Central bank announced plans for two more increases at January meeting
Brazil’s Campos Neto: markets show less fear of Lula win
Presidential candidate reported to have embraced central bank independence
IMF says Sarb should consider lowering inflation target
Lower inflation could bring various benefits, but only “when circumstances allow”, say staff