Monetary policy
Sarb pauses rate rises in split decision
MPC votes 3–2 to hold rates at 8.25% after inflation falls within target range
Book notes: Forks in the road, by C Rangarajan
A memoir by one of India’s most distinguished governors, who presided over critical policy issues such as the 1990s’ balance-of-payments crisis
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
Monetary Policy Benchmarks 2023 report – navigating uncertainty
Benchmark data highlights ongoing evolution in policy frameworks as central banks move beyond the pandemic – and into the high-inflation period
ECB needs to maintain tight policy, says IMF
Policy rates, rather than quantitative tightening, should be main tool, IMF directors say
Guillermo Avellán on BCE independence, capacity-building and dollarisation
Central Bank of Ecuador general manager speaks about the need to bolster the central bank’s legal autonomy, dollarisation challenges, payments developments and monetising local gold production
IMF grants Burundi $271 million loan
Burundi must liberalise currency regime, end central bank financing and tighten policy
German inflation to fall again from September, says Bundesbank
One-off effects boosted inflation from 6.3% in May to 6.8% in June
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
Bullard steps down as St Louis Fed president
FOMC hawk will become dean of Purdue Business School after 15 years leading regional Fed
Bank of Canada raises rates despite falling inflation
Governor warns progress towards price stability “could stall”
Egypt announces ‘record’ inflation
Inflation continues rising despite monetary tightening and could trigger IMF consultation
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
Advanced economies more likely to publish minutes
Average central bank publishes minutes around two weeks after a policy decision
Senad Softić on governance, currency boards and EU convergence challenges
Central Bank of Bosnia and Herzegovina governor speaks about improving governance in a political vacuum, managing a currency board amid rip-sawing euro rates, resolving Gazprom’s local units, modernising payments and meeting EU convergence criteria
Should the ECB disclose governing council members’ votes?
Some former officials argue it would reduce leaks and conflicting statements, while other stress the current system allows better policy debates
RBA to have fewer but longer monetary policy meetings
Central bank moves to overhaul governance after major review
RBNZ halts tightening cycle
Central bank says policy rate will need to remain at a “restrictive” level for some time
Bye-bye BCRA?
An Argentine presidential candidate proposes abolishing the central bank and the peso
Proportion of central banks observing blackout period rises
AE respondents remain much more likely to employ the practice