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Monetary policy

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  • Tuesday, 28 March, 2023
    Martin Wolf
    Monetary policy is not solely to blame for this banking crisis

    It’s a fallacy to suppose there is a simple solution to the failings of our financial systems and economies

    new
  • Tuesday, 28 March, 2023
    Markets InsightJohn Plender
    Inflation targets have left central banks in a bind

    Monetary policy does not lean against booms but eases aggressively in busts while debt keeps rising inexorably

  • Monday, 27 March, 2023
    UK inflation
    Financial turmoil will not stand in the way of further rate rises says Bailey

    Bank of England governor stresses that UK financial system is ‘resilient’

  • Sunday, 26 March, 2023
    US banks
    Powell and Yellen struggle to calm nerves in banking crisis

    Policymakers have been criticised by some for not sending clear enough message after tumultuous two weeks

  • Sunday, 26 March, 2023
    War in Ukraine
    No more ‘dangerous’ money printing to fund war, vows Ukraine central bank chief

    Andriy Pyshnyy says move had ‘created huge risks for macro-financial stability’

  • Friday, 24 March, 2023
    Markets InsightClaire Jones
    Financial turmoil could end up doing rate-setters’ job for them

    Central banks may wish they’d been more careful what they’d wished for

  • Thursday, 23 March, 2023
    Lex
    Federal Reserve/ECB: credit tightening has not yet done its worst Premium content

    Trend of using expensive high-yield bonds to refinance the disappearing supply of bank loans has begun

  • Tuesday, 14 March, 2023
    European Central Bank
    US banking crisis could sway ECB from committing to future rate rises

    Inflation forecasts for 2023 set to be cut, but persistent price pressures continue to test rate-setters

  • Friday, 10 March, 2023
    Markets InsightToby Nangle
    Is this time different for Japanese government bonds?

    Central bank policy of yield curve control will inevitably unravel

  • Wednesday, 8 March, 2023
    Eurozone interest rates
    Italian central banker criticises hawkish ECB colleagues as rates rift widens

    Ignazio Visco fears swift tightening to control inflation will damage ‘fragile economy’

  • Sunday, 5 March, 2023
    Eurozone inflation
    ECB must do more to tackle inflation ‘monster’, says Lagarde

    Central bank not seeking to ‘break economy’ but price pressures remain sticky, warns president

  • Friday, 3 March, 2023
    Eurozone inflation
    ECB officials warn of more interest rate rises as high inflation persists

    Officials say they may need to raise rates to hit 4% unless they see ‘clear signals’ that core price pressures are easing

  • Thursday, 2 March, 2023
    Bank of Japan
    Ditching bond yield cap will be tricky task for new Bank of Japan governor

    Kazuo Ueda has hinted that ‘yield curve control’ is unlikely to survive in its existing form once he takes the helm

  • Wednesday, 1 March, 2023
    Eurozone inflation
    German inflation jump raises bets on ECB interest rate increases

    Rise in price growth in eurozone’s largest economy triggers speculation of record-high rates

  • Wednesday, 1 March, 2023
    Deutsche Bundesbank
    Bundesbank warns losses from bond purchases will wipe out buffers

    German central bank acknowledges provisions are unlikely to cover shortfall resulting from holdings of €1tn-worth of debt

  • Monday, 27 February, 2023
    Markets InsightMohamed El-Erian
    It is time for the US to upgrade its fight against inflation

    Congress should hold the Fed more accountable while helping it to conquer rising prices

  • Thursday, 23 February, 2023
    Gillian Tett
    US investors need to keep a much closer eye on everywhere else

    Obsessively watching the Fed is one thing but Tokyo and Beijing matter too

  • Thursday, 23 February, 2023
    Bank of Japan
    Is the Bank of Japan really easing policy?

    (No)

  • Thursday, 23 February, 2023
    Markets InsightClaudia Sahm
    The Fed alone cannot bring inflation down

    Management of demand is not efficient in dealing with supply-driven price rises: fiscal policy must play its part

  • Wednesday, 22 February, 2023
    Megan Greene
    QE has become ‘Hotel California’ for central banks

    While commercial lenders change behaviour when the balance sheet expands, they do not change it back when it shrinks

  • Tuesday, 21 February, 2023
    Markets InsightJohn Plender
    A neglected tool of central banks shows its worth

    Money supply numbers have been sending important signals before and during the pandemic

  • Monday, 20 February, 2023
    Markets InsightBenjamin Shatil
    A shift in fund flows from Japan will be felt around the world

    If policy of yield control is phased out under incoming BoJ head Kazuo Ueda, a flight from foreign markets may accelerate

  • Wednesday, 15 February, 2023
    Global Economy
    BoJ YCC > Fed QT

    What will Ueda do?

  • Wednesday, 15 February, 2023
    Markets InsightAnne Walsh
    Investors should not expect much relief from volatility

    Transition to world of quantitative tightening will lead to reduced liquidity, capital rationing and persistent swings in asset prices

  • Tuesday, 14 February, 2023
    US inflation
    US inflation cools slightly in January

    Smaller fall in CPI than expected will increase concern over persistence of higher prices

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