In recent years, major central banks have decided that their methods for achieving their mandates left something to be desired. The Fed changed its modus operandi in...
Up until 2021, advanced-country central banks found it too easy to achieve their 2% inflation targets. Now they find it too hard. Instead, achieving a full employment...
The Fed, ECB, BOE and SNB all hiked 50-bps while Norges Bank announced a smaller 25-bps hike.
Last week, the BoE told the market that it is wrong to expect the base rate to rise in the way that’s factored into the implied money market curve.
Major central banks have accumulated huge amounts of assets via all the bond (and FX) purchases done over the years since the global financial crisis (GFC).
The 50-bps rate increase from the Bank of Canada reflected the second time it has reduced the size of its rate hikes. The Reserve Bank of Australia has also moved to a...
Just recently we’ve seen two instances of intervention: FX intervention by the Bank of Japan (BoJ) and Bank of England (BoE) intervention in the gilt market.
With inflation rising dramatically, the critics are out and, not surprisingly, central banks are in the firing line.
Central bankers continue to claim that inflation can be tamed without causing recessions.
Major central banks have two main avenues to tighten financial conditions: higher rates and quantitative tightening.
A large number of central banks have lifted policy rates already and many more are waiting in the wings to kick off their own rate-hike cycles. However, a balancing act...
The major central banks will all hold monetary policy meetings next week. But while some, such as the ECB and Bank of England seem to be suggesting that Omicron-related...
Market volatility might be more limited this week given the US Thanksgiving holiday on Thursday, but we see a little let-up in the broader trend of rising volatility as...
As some G10 central banks start to lift policy rates, or seemingly get close to rate hikes, so others that appear further behind in the rate-hike cycle are being dragged...
Just how the Fed and other central banks respond to the rise in inflation is clearly going to be critical for how financial markets perform.
Central banks have issued new policies are suited to fighting the “new” war, which is against inflation, not deflation.
At the moment, there are many views of inflation, in which FED said that it is a little less transitory. How will central banks tighten monetary policy?
Some central banks around the world started to raise rates after a long time of the accommodative monetary policy. What is the reason for this rates hike?
The risk of policy mistakes from government and central banks is high because of Covid-19. This is not just because nobody has lived through a global pandemic before; it...
The most significant example of ongoing intervention in FX has been from the Swiss National Bank (SNB) as it tries to stop the franc from rising too rapidly against the...
Economic growth is surging in the developed nations, inflation is rising sharply, some central banks have already started to pare back their monetary stimulus,...
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