The Latest Breaking News from Monetary Policy

Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 40 basis points to 4.40 per cent with immediate effect. Read more on Dynamite News:

The “transitory” inflation, as it has been called by the Federal Reserve officials, may stay around longer than expected, even with the Fed working to lower inflation through monetary policy.

In an important new article, political philosophers Jason Brennan and Christopher Freiman explain why standard justifications for paternalistic restrictions on consumers also apply to voters.

Ex-official says policymakers must shrink the UK economy to limit upward pressure on prices made worse by Brexit

The Bank of Japan (BOJ), unlike any of its peers, has become a huge player in the country’s stock market. What began as a monetary policy experiment has turned into what some economists describe as a caveat for policymakers about the extent of intervention a central bank may take in…

Retail inflation is poised to accelerate from a 13-year high with the government lifting a freeze on some retail fuel prices, boosting the odds for the Bank of Thailand (BoT) to pivot away from its pandemic-era monetary policy accommodation.

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

The Senate voted 52-43 Tuesday to confirm Lael Brainard, a member of the Federal Reserve board, to become vice chair, but fell short of the votes needed to move forward with Lisa Cook’s nomination to join the board.

Lisa Cook, who would become the first Black woman to join the Fed board, encountered another obstacle in COVID-19 cases among Democrats.