Interest rates
Incoming New Zealand government pledges to return to single price stability goal
New coalition government agrees to amend central bank laws to remove RBNZ’s dual mandate
Riksbank keeps policy rate at 4%
Most analysts think the Swedish central bank has reached peak rate
Eurozone banks show “early signs of stress”, ECB warns
High interest rate will test eurozone’s resilience while some non-banks are at risk, review says
Defending the basis
Benefits of additional Treasury liquidity may outweigh potential intervention costs during a hypothetical panic, writes Joseph Wang
European Commission lowers 2023 GDP growth forecast
EC expects eurozone economy to expand by 0.6% this year
UK inflation falls more than BoE had expected
Housing prices fall year on year for first time since 2012, while energy prices also decline
Albania, Armenia and North Macedonia make policy decisions
North Macedonia pauses tightening as Albania’s continues, while Armenia faces 0% inflation
Moldova cuts rates steeply while Romania holds
IMF says Moldovan central bank has largely neutralised second-round effects
Malawi imposes capital controls after devaluation
Central bank devalued kwacha by 30% against US dollar last week
Bank of Mexico keeps rates at 11.25%
In unanimous decision, board stresses rates are likely to remain unchanged ‘for some time’
Bank of Israel’s FX interventions reached $8.2 billion in October
Central bank approved $30 billion programme following Hamas attacks on Israel
Peru continues gradually cutting policy rates
Inflation falling slowly towards target while 2024 promises low growth
Corridor, floor, other: are operating frameworks fit for the future?
Central banks are becoming uncomfortably aware that monetary operations have ramifications well beyond setting short-term rates
Eurozone consumers’ 12-month inflation expectations increase
Median expectations for inflation rose to 4% in September from 3.5% in August
Geopolitical risks threaten financial stability – Norges Bank
Norwegian central bank says banks are well-capitalised but notes real estate problems
DRC says central bank needs recapitalisation
Government says BCC has no real equity as war and elections add to economic crisis
Banxico's García on reserve risks: inflation, market volatility and war
Gerardo García, director general of central banking operations at Bank of Mexico, discusses fixed income, including US Treasury and mortgage-backed securities (MBS) dynamics, currency diversification, the value of external managers and his extensive use…
Norway and Czech Republic hold rates
Norges Bank 'likely' to make small increase in December
Schnabel warns next disinflation phase will be harder
Base effects, core inflation and supply-side risks threaten the outlook, she says
BoE’s Hauser makes case against ultra-lean balance sheets
Even with central bank backstops, markets are not reliable liquidity managers, official says
Colombia continues to hold as inflation inches down
The board was divided once more in a 5–2 vote
US fiscal stimulus decreases output in rest of world – research
A helicopter drop policy could be the most effective co-ordinated effort
Brazilian central bank cuts rate by 50bp again
Third consecutive 50bp rate cut enjoys unanimous support
Bank of England holds rates in second split decision
UK faces two years of above-target inflation and near-zero growth, forecasts the BoE