Russia-Ukraine conflict
ECB renews repo line for Romanian central bank
Move comes after ECB creates liquidity facility for Poland and renews four other repo lines
Bank of Russia continues unwinding giant rate hike
Central bank cuts rate 300 basis points to 14%, in second reduction this month
Botswana hikes newly introduced policy rate
Central bank announces first rate increase since 2008 as inflation stays in double digits
BIS figures show banks cutting Russia exposures
Exposures down almost half since Russia annexed Crimea in 2014
How high can the ECB take interest rates?
Despite rising inflation, eurozone central bank is seen as unlikely to take rates over 1.5% in coming years
Mexico’s García: war implies tough trade-offs for reserve managers
Banxico reserves director says acting tactically has become more difficult, and central banks may need to rethink their strategic asset allocations
Kazakhstan raises policy rate by 50 basis points
Inflation hit 12% in March and expectations are “not anchored”
Paraguay raises interest rates by 50bp
Central bank makes ninth hike in a row as inflation reaches double digits
NBU restricts crypto purchases to stem capital outflows
Ukraine continues to accept bitcoin, ethereum and tether for war effort
NBU plots path out of war economy
Ukrainian central bank turns to monetary financing as government struggles to pay for war
Nabiullina admits sanctions taking toll on Russian economy
Central bank preparing legal action in bid to unfreeze $300 billion of foreign exchange reserves
War forcing central banks into ‘delicate balancing act’, says IMF
Sudden repricing of risk could expose vulnerabilities, fund says in latest stability report
IMF raises red flags for global growth
Fund warns of global fragmentation as it cuts growth forecast and predicts higher inflation
ECB expected to pause amid uncertain impact of war
Governing council could discuss QE backstop to prevent wider sovereign bond spreads
Russian central bank cuts interest rate and lifts some restrictions
Effect of sanctions on Russian economy unclear, commentators say
Gas investments important for energy security, UK’s Sunak tells BoE
Chancellor of the Exchequer urges officials to support government’s energy security policy
National Bank of Poland speeds up tightening
Central bank increases interest rates by 100bp, warning Ukraine invasion is driving inflation higher
Romanian and Zimbabwean central banks raise rates
Zimbabwean figures say inflation has reached 72% but observers say this may be an underestimate
Book notes: Cogs and monsters, by Diane Coyle
Coyle brings much-needed nuance to the debate over the shortcomings of economics
Saudi Arabia deposits $5 billion in Egypt’s central bank
Egypt agrees investment from Qatar and UAE, and seeks funding from IMF as wheat prices rise
Reserve managers weigh risks amid Ukraine crisis
Greater investment in commodity and energy-linked assets could be wise, some experts say
Abu Dhabi wealth fund to “pause” Russia investments
Mubadala CEO calls Ukraine war “a travesty”, but fund has small Russia exposure
ECB opens €10 billion swap line with National Bank of Poland
Central bank extends repo lines with non-eurozone counterparts until January 2023
Central banks ‘behind the curve’ on inflation, warns Goodhart
Charles Goodhart says stagflation is the most likely outcome in the coming years