Macroeconomics
The long and short of it: from ‘new normal’ to ‘old ordinary’
Arnab Das, global economic counsellor and macro strategist at Invesco, draws on macro history to try to put the present in perspective and navigate the future. This thought leadership commentary draws on policymaker and reserve manager discussions…
Malaysia’s Zeti on the key skills needed to be a successful central banker
The Bank Negara veteran speaks about leadership skills, lessons from the AFC and 1MDB crises, her scepticism of inflation targeting, and how the Asia School of Business' masters synthesises theory with practical realities
Eurozone policy transmission ‘more pronounced’ in 2022–23 – study
Banks’ increased risk perceptions underpinned swifter pass-through, says Bank of Italy research
Reserve Bank of New Zealand cuts policy rate by 50bp
Inflation is converging towards 2%, policy-makers say
Geopolitics and cyber security remain top systemic risks – BoE
Respondents less worried about UK stability, but international tensions a growing concern
Japan’s economy not ready for rate hike, says prime minister
New premier’s remarks add uncertainty to BoJ’s normalisation path
US auto loan delinquencies focused in new lending – study
Lower credit standards and higher payments, not interest rates, are key contributing factors
People’s Bank of China cuts RRRs and key rates
Bank starts to implement slew of stimulus measures
People’s Bank of China cuts medium-term lending rate
Reduction comes a day after PBoC unleashes slew of economic stimulus measures
NBER paper seeks ‘canonical Hank model’
Early attempts at heterogeneous agent modelling led to implausible results, authors say
PBoC unveils major stimulus package
Central bank cuts key rate and reserve requirements, boosts support for property and stock markets
China announces 10bp cut in short-term interest rate
Decision comes days after central bank left benchmark rates unchanged
Philippines central bank cuts reserve requirement ratios
Move follows rate cut in August
PBoC keeps benchmark rates unchanged
Bank holds one- and five-year loan prime rates, despite weak economic data
Bank of Japan holds policy rate
Decision comes as core inflation accelerates for fourth consecutive month
Hong Kong raises rate and Taiwan holds
Decisions come a day after Fed’s 50bp rate cut
FOMC initiates rate cutting with 50bp reduction
Experts say Fed’s credibility is not on the line, but Powell remains under significant pressure
BoT governor calls for new growth model for Thailand
Sethaput advocates stronger focus on local development and quality of life
Central banks should examine demographics – Finnish governor
Rehn says sharp decrease in hours worked and increased immigration may not continue
Covid led to shift in cross-border payment flows – Brazilian study
Pandemic resulted in changes across sectors, instruments and types of economy
Timor-Leste to set up central bank institute with IFC
Project aims to strengthen capabilities in financial services and private sector more broadly