Monetary policy
FOMC initiates rate cutting with 50bp reduction
Experts say Fed’s credibility is not on the line, but Powell remains under significant pressure
Book notes: The monetarists: the making of the Chicago monetary tradition, 1927-1960, by George S Tavlas
A fascinating, scholarly and sympathetic account of the Chicago monetary tradition
Rise in UK services inflation curbs bets on BoE rate cut
CPI flat overall, but economists say uptick in core and services numbers likely to make policy-makers pause
Alpana Killawala on communications under six governors at the RBI
The former RBI comms chief speaks about the importance of strategic communications, courting the media, open mouth operations and altering a governor’s ‘rock star’ image
Central banks should examine demographics – Finnish governor
Rehn says sharp decrease in hours worked and increased immigration may not continue
Serbia follows ECB with 25bp rates cut
Central bank cites slowing domestic and global inflationary trends for its decision
Russia hikes rates by 100bp
Central bank says growth in demand for goods and services still “significantly outstrips” supply
ECB cuts rates by 25bp
Eurozone growth projections revised downwards as German economy slows
RBA reforms in limbo amid opposition
Opposition says it will not support government proposals
Costa: communication was key during high inflation period
Chile’s central bank governor says explaining price rises to public brought new challenges
FOMC members signal rate cut
Waller, Bostic, Daly, Schmid, Goolsbee and Williams speak towards balancing both sides of dual mandate
Marshall Islands pushes ahead with plan for monetary authority
Minister says new institution is needed to deal with financial system’s increasing vulnerability
Egypt holds interest rates
Central bank expects inflation to start falling early next year
North Macedonia develops new DSGE model
Analytical tool to supplement existing models built in conjunction with CNB and IMF
BoE and bond vigilantes ‘not responsible for 2022 gilts crisis’
Ex-bank official rejects former PM’s claims that LDIs were primary cause of yield spike
ECB’s Cipollone positive about September rate cut
Data “confirms our direction of travel”, board member says
Malaysia holds policy rate
Decision comes after country posts 5.9% year-on-year growth in Q2 and currency rebounds
Bank of Thailand to name new chair by October
Upcoming appointment adds uncertainty to relations between new government and central bank
Most eurozone countries pay high price for membership – study
Central Bank of Iceland research finds smaller states would be better off setting rates independently
Interpreting the PBoC’s slew of policy reforms
How are new stimulus measures, bond market tactics, deflationary pressures and monetary policy framework changes affecting central banking in China?
Schnabel outlines alternative scenarios for eurozone inflation
ECB board member says uncertainty looms over trajectory for prices
All eyes on the Fed
The US central bank faces a challenging path to fulfil its mandated goals
Bank of Israel holds key interest rate
Central bank says focus is on stabilising markets as war in Gaza continues
Hungary holds rates after June ‘turning point’
Finance minister says central bank was operating in “cyclops mode”