Donald Trump ally Kevin Warsh says US central bank failed to contain worst inflationary bout in a generation
US central bank prepared to act with ‘various tools’, Susan Collins says
PBoC has allowed weakening in ‘fixing’ rate for the onshore currency for six consecutive sessions
Beijing permits exchange rate to drop below long-defended level
Central bank intervenes in markets to ensure ‘stability’ of currency amid investor fears over cost of president’s policies
Central bank maintains benchmark interest rate at 5.75%
What size and shape should they be? Central banks are divided
Bank of Japan’s moves to shore up yen indicate consensus on such actions needs to be updated
A central bank communication strategy is vital if it is to achieve its aims
Actively unwinding the balance sheet could push the economy back into deflation
Markets push central bank for a weaker currency to reflect the gap in bond yields with the US
Currency slid past ￥160 a dollar before regaining strength in a matter of hours
Finance minister says government will ‘not rule out any steps against any excessive moves’
This strategy appears to be the path of least resistance for governments to reduce debt and keep bond vigilantes at bay
But what they should be thinking about are the consequences
Central bank’s chief economist Philip Lane says return to pre-crisis levels would destabilise banks
Deutsche Bank sees danger for the yen
Traders left confused as currency strengthens sharply after breaking through closely watched level
Currency strengthened past ￥140 against dollar, erasing entirety of its fall in June
Currency close to levels of last market intervention by Tokyo
Japanese authorities promise to ‘respond appropriately’ if currency drop becomes excessive
Credible government policies, deployed rapidly, are key
Godwin Emefiele’s contentious policies raised doubts over the instituition’s independence
Waiting until there is a crisis and then deploying ad hoc measures is not good enough
While intervening in bank runs limits the damage, it dilutes the incentive to guard against financial risks
